Courtesy Ford Lincoln Mercury is the nation’s 61st largest African American-owned auto dealership; and Illinois’ largest minority-owned auto dealership. Ford owns 30% of the company’s stock.
Ray Fregia Jr. is president of the 100% black-owned Danville-based dealership. Up 10 places on the 2009 BE Auto Dealer List, the dealership saw a 26.5% decline in 2008 revenues.