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AutoNation is an American automotive retailer based in Fort Lauderdale, Florida, which provides new and pre-owned vehicles and associated services in the United States. [6] The company was founded by Wayne Huizenga in 1996, starting with twelve AutoNation locations, and now has more than 300 retail outlets. [7] [8]
Most car dealerships display their inventory in a showroom and on a car lot. Under U.S. federal law, all new cars must carry a sticker showing the offering price and summarizing the vehicle's features. [4] Salespersons, predominantly those who only work on commission, negotiate with buyers to determine a final sales price. In many cases, this ...
The company began as a side business of Circuit City, opening its first location in September 1993 in Richmond, Virginia. As of October 2022, CarMax operates 238 locations. [3] While CarMax stores focus on marketing used vehicles, the company acquired its first new car franchise with Chrysler Corporation in 1996. [4]
The latest September data provided by Cox Automotive shows that more than 2.84 million new cars are on sale. If no new inventory arrives, car companies have, on average, a 77-day supply of ...
(Reuters) -AutoNation Inc said it expects strong demand for new vehicles to continue into next year, as low-interest rates and robust demand helped the top U.S. auto retailer trounce quarterly ...
High demand and a manufacturing shortage of semiconductors -- microchip technology used for power steering, brakes and other important vehicle operations -- have caused new car inventory at...