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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 ...
While CarMax stores focus on marketing used vehicles, the company acquired its first new car franchise with Chrysler Corporation in 1996. [4] By 1999, it added new vehicle franchises for Mitsubishi Motors, Toyota, and Nissan. [5] In late 2021, CarMax sold its last new vehicle dealership, located in Kenosha, Wisconsin, to the Rydell Company. [6]
The company was an early adopter of the "haggle-free" approach to pricing used cars, later used by competitor CarMax and online used car retailers like Carvana. While most small used car dealers sell vehicles " as is ", Enterprise offers a 7-day/1,000-mile buyback policy, a 12-month/12,000-mile limited powertrain warranty and 12 months of ...
CarMax auto superstore in Raleigh, North Carolina. CarMax is a used car auto superstore concept developed in 1991 at Circuit City by Austin Ligon, then Circuit City's Senior VP of Planning, and Rick Sharp, then Circuit City CEO. The goal of CarMax was to revolutionize used car retailing through a combination of large selection (400+ used cars ...
The Universal Car Company, at 2500 W. Broadway in the California neighborhood of Louisville, Kentucky, was built in 1923. It was listed on the National Register of Historic Places in 2001. [1] It is a two-story brick building. Also known as the Universal Chevrolet Company Building, it was one of Louisville's first dedicated new car sales ...
In 2015, 11.7 percent of Louisville households were without a car, which decreased to 10.9 percent in 2016. The national average was 8.7 percent in 2016. Louisville averaged 1.61 cars per household in 2016, compared to a national average of 1.8 per household. [2]
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