While America’s economic turmoil has impacted the entire nation, Black businesses seem to be some of the most severely affected. Today, in the U.S., there are half as many Black-owned car dealerships than there were three years ago.
Automotive News details the industrywide decline.
Black dealers have taken a disproportionate hit — “drastic” in the words of one minority dealer spokeswoman — in the past three years. There are 261 black-owned dealerships in the United States today, half as many as three years ago. That’s a much sharper drop than the 18 percent decline in dealerships overall.