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Carvana Co. is an online used car retailer based in Tempe, Arizona. [2] Carvana was named to the 2021 Fortune 500 list, one of the youngest companies to be added to the list. [ 3 ]
A car dealership can either be a franchised dealership selling new and used cars, or a used car dealership, selling only used cars. In most cases, dealerships provide car maintenance and repair services as well as trade-in, leasing, and financing options for customers. Used car dealers can carry cars from various different manufacturers, while ...
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
According to Automotive News Data Center’s top 125 dealership group data, in 2012, the company sold 19,049 new and 9,793 used vehicles in 2012. [ 9 ] [ 4 ] The company is headquartered in Chandler, Arizona , and has dealerships primarily throughout the Phoenix-area, as well as two in Las Vegas .
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]
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