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Lexus of Memphis is the nation’s third largest African American-owned Lexus dealership; and Tennessee’s largest minority-owned auto dealership. The Memphis-based dealership also holds the distinction of being the premier black-owned Lexus dealership in the state.
Legendary businessman James Kaiser left a thriving career in corporate America to run the luxury car dealership. In 2008, the dealership had revenues of $76.3 million–down 21% from last year.