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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]
Throughout that year Carvana sold 244,111 vehicles and posted annual revenue of $5.587 billion, making it the second largest online used-car retailer in the U.S. [15] As of November 2023, Carvana's as-soon-as-next-day delivery was available in 300+ markets nationwide. [16]
This sale also represented the first direct acquisition of a Saturn franchise by a retail automotive group, with the purchase of two Bay Area Saturn stores. [14] Sonic purchased two dealerships from PPE Houston in January 2007. The acquisition of the Land Rover and Jaguar stores brought Sonic to 173 franchises and 37 collision repair centers. [15]
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The track was built in 1950 as a venue for midget car racing which was popular at the time. [4] Four area tracks were scheduled for weekly racing from Thursday to Sunday nights and Riverside was designed as the Saturday night option. [4] The first night on June 10 had 45 midget cars entered but it rained out being rescheduled for June 17. [4]
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