Gulf States Toyota |
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Official Site: gst.buyatoyota.com
Wikipedia: Gulf States Toyota Distributors Page Sections History Article Index |
History
The following section is an excerpt from Wikipedia's Gulf States Toyota Distributors page on 2 October 2019, text available via the Creative Commons Attribution-ShareAlike 3.0 Unported License.
Gulf States Toyota Distributors (GST) is the United States' smallest (out of two) franchised distributor of Toyota vehicles. The 154 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 holding company, The Friedkin Group. GST ranked 53rd on the Forbes 2008 list of America's Largest Private Companies. The company's headquarters are in the Energy Corridor area of Houston, Texas.
Carroll Shelby, famous racecar driver was approached by Toyota in 1968 about becoming an automobile distributor. According to Shelby, "I turned it down because I went to Lee Iacocca, and he told me not to take it because the domestic makers were going to push the Japanese back into the ocean."
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.
With vehicle sales steadily increasing, GST outsold Toyota Motor Sales, U.S.A., Inc. (Torrance, CA) in import car market share in 1998. With record sales in 2000, GST processed 11% of all Toyotas sold in the United States.
In 2003, GST helped name Houston's premier sports and entertainment venue—the Toyota Center. Toyota broke ground on its 2,000-acre (8.1 km2) truck plant in nearby San Antonio, Texas. The plant, which produces the full-size Tundra pickup, represents a $1.58 billion investment in the community. At year's end, GST exceeded 149,000 total vehicles sold.
In 2005, Gulf States Toyota was named the #1 privately held company in Houston by the Houston Chronicle's Chronicle 100 list. GST was also listed at #40 on Forbes' list of America's Largest Private Companies. By the end of the year, more than 185,000 vehicles were sold through 145 dealerships.
In the production of Toyota's manufacturing GST made a simplistic production reporting tool which increased Toyota's overall output. Yokem Toyota was one of the earliest adopters to the Dealer Daily platform.
Production began at San Antonio's Texas truck plant in 2006. That same year, GST's Vehicle Processing Center expanded to 150 acres (0.61 km2) and GST had sold 226,960 vehicles at year-end.
In 2012 the company generated $6.9 billion in revenue. In 2013 the Houston Chronicle ranked GST as #1 in its list of Houston area private companies. In 2013, GST announced a lay off at its Vehicle Processing Center due to a change in business focus. "While the entire plant is not being closed, several positions are being eliminated based on a change in business objectives and accessory product offerings for 2014," the WARN letter states.
| Date | Article | Author/Source |
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| 5 April 2004 | Gulf States Toyota Endorses YouSpeak Web Audio Services to Achieve Enhanced "Web Stickiness" for Their Dealers | YouSpeak Network |
| 13 January 2020 | Gulf States Toyota Chooses OEC for Collision Parts Ordering and Fulfillment | Gulf States Toyota |