Born in April 1951, Terry Taylor stands as a significant entrepreneur in the automotive industry. Taylor, who was married to the late Cynthia Taylor, is the proud father of twin children, Trent and Natalie. As the founder of the Automotive Management Services Inc (AMSI), he has left an indelible imprint on the car dealership scene.
Key Takeaways
- Terry Taylor is a renowned entrepreneur in the automotive industry and founder of the Automotive Management Services Inc (AMSI).
- AMSI oversees more than 120 dealerships across the United States, including in states like Texas, Florida, Georgia, Tennessee, North Carolina, New York, Massachusetts, New Hampshire, and Colorado.
- Taylor’s business model encourages ownership by offering the general manager of a dealership an equity stake.
- In addition to his automotive ventures, Taylor owns the Trinity yacht Mia Elise II. And in July 2023 he bought the Madsummer Yacht.
- Taylor’s estimated net worth exceeds $500 million, potentially reaching into the billions considering recent industry acquisitions.
AMSI: Taylor’s Automotive Empire
AMSI, or Automotive Management Services, spearheaded by Terry Taylor, oversees more than 120 car dealerships spread across the United States. The states of Texas, Florida, Georgia, Tennessee, North Carolina, New York, Massachusetts, New Hampshire, and Colorado boast dealerships under Taylor’s umbrella.
The dealerships include notable names such as Toyota of Denton, Naples Acura, Lexus of Melbourne, Jaguar of Fort Myers, and Fort Myers Infinity. Taylor’s automotive empire also includes the Automotive Advertising Group, which lends significant support to the dealerships in their marketing and sales initiatives.
With its sights set on expanding to 200 dealerships, the AMSI Automotive Group ranks as the fourth-largest dealership group in the U.S. Unique to Taylor’s business model is his practice of offering the general manager of a dealership an equity stake, fostering a sense of ownership and commitment.
Over the years, Taylor has made strategic acquisitions to expand his dealership network. These include the purchase of Andy Crew’s AutoFair Group in 2021, which added seven dealerships in New Hampshire and Massachusetts to AMSI’s portfolio, and the acquisition of dealerships from Group 1 in Massachusetts in 2002.
Beyond his significant contributions to the automotive industry, Taylor is a lover of luxury vessels. He is the proud owner of the Trinity yacht Mia Elise II, which was originally built for the Russian-US billionaire Igor Makarov. And in July 2023 he bought Jeffrey Soffer‘s Madsummer Yacht.
Terry Taylor’s Net Worth
With his expansive automotive empire, Taylor’s estimated net worth is a whopping $500 million. However, in light of recent acquisitions, such as the purchase of Van Tuyl Automotive by Berkshire Hathaway, his net worth could potentially reach the billion-dollar mark.
Mention SuperYachtFan When Sharing This Information
When using the information from this article, please remember to give credit to SuperYachtFan. Our team works hard to provide accurate and engaging content for our readers, and we appreciate your support.