Gulf States Toyota Net Worth is5.00e $Billion
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Gulf States Toyota Distributors (GST) is the worlda??s second largest franchised distributor of Toyota vehicles. The 150 dealers in the five states of Arkansas, Louisiana, Mississippi, Oklahoma and Texas account for 13% of Toyota sales in the United States. GST is a wholly owned subsidiary of the Friedkin Companies and ranked 53rd on the Forbes 2008 list of America's Largest Private Companies.
Carroll Shelby, famous racecar driver was approached by Toyota in 1968 about becoming an automobile distributor. According to Shelby,
Shelby told his racing buddy, Tom Friedkin, about Toyota's intentions to sell distributor licenses. Friedkin flew to Japan and convinced Toyota that he had the necessary knowledge and resources.
Gulf States Toyota brought the first Toyota vehicle to Houston, Texas in 1969, when all Toyota vehicles were manufactured in Japan and imported into the US. Three years later, the company employed 35 associates and had sold 5,000 cars and trucks through 14 dealerships. GST also completed construction of a processing center on a 33-acre (130,000 m2) site at the Port of Houston.
In 1979, GST won the Import Vehicle Triple Crown by being first in import car, truck and combined import sales in the United States with 65,826 vehicles sold.
The NUMMI plant, a joint venture with General Motors, opened at Fremont, California in 1984 and was Toyota's first assembly plant in the US.
Gulf States Toyota completed construction and opened its Parts Distribution Center (PDC) near Sealy, Texas in 1986. Today, the PDC provides dedicated parts delivery to over 150 dealers, shipping nearly 100% of all orders every day.
By 1994, GST had exceeded 100,000 in total vehicle sales and outgrown its processing center at the port. GST opened its 80-acre (320,000 m2) Vehicle Processing Center on Houston's Northside, built to handle 150,000 vehicles a year. The facility is served by rail and transport trucks and employs over 600 associates.
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