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The company is facing higher interest rates and slower consumer spending
Both CarMax and Carvana are great platforms for buying and selling used cars, but which one is better? Here's a full overview to help you make your decision.
Sir John Arnold Clark (27 November 1927 – 10 April 2017) was a Scottish billionaire businessman. Clark opened a showroom in Glasgow in 1954 and found some success selling cars. He expanded his business and Arnold Clark Automobiles became a nationwide chain of motor dealerships and the largest privately owned business in Scotland.
Arnold Clark never retired from the company, remaining as chairman until his death on 10 April 2017, at the age of 89. [4] On 31 January 2019, Arnold Clark completed their takeover of The Phoenix Car Company. Phoenix was a family-run car retail group established in 1993, with dealerships of Kia, Hyundai, Honda, SsangYong and Mazda.
U.S. News & World Report ranked the Hyundai Kona at No. 1 (tied with the Kia Soul and Mazda CX-30) on its list of Best Subcompact SUVs for 2022, giving it a score of 8.4 out of 10. [103] In 2023, Hyundai Kona won the 'Car of the Year' prize at the Auto Express New Car Awards. [104]
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CarMax, Inc. is a used vehicle retailer based in the United States. It operates two business segments: CarMax Sales Operations and CarMax Auto Finance. The company began as a side business of Circuit City, opening its first location in September 1993 in Richmond, Virginia. As of January 2025, CarMax operates 253 locations. [3]
CarMax (KMX) operates a national chain of more than 200 used car superstores. It focuses on the upper end of the used market, vehicles less than six years old, typically with only one previous ...