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Home Cars

NAMAD’s new president is retail outsider Hugene Fields

November 13, 2022
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Lester became president not long before the economy faltered and caused the number of minority-owned stores to plummet. Minorities owned 1,805 dealerships in 2005, according to NAMAD data, but the Great Recession took hold soon after and sent this tally spiraling to 875 by 2011.

After that tough stretch, the numbers have been on an upward swing. The industry saw the biggest gain last year in minority-owned dealerships since 2012, adding 109 rooftops to bring the total to 1,366.

Lester is now the organization’s vice chairman. He was selected as one of Automotive News’ Notable Champions of Diversity in October.

“I think the industry as a whole has gotten better with understanding why diversity matters,” Lester told Automotive News in September. “We’re definitely nowhere near where we should be. We’re nowhere near close to parity. We’re still about 6 percent representation within the minority dealer body, yet 30 percent of all new cars and trucks are purchased by an ethnic minority.

“So the goal of parity is still yet to be achieved. Overall, the industry is starting to put more effort and emphasis on it, particularly over the past three to five years, than it has in quite some time.”

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