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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.
The Edmunds.com True Market Value Used Vehicle Appraiser estimates the actual transaction prices for used vehicles bought and sold by dealers and private parties. [27] In 2020, Edmunds launched a partnership with CarMax that allows a driver to receive a no-obligation cash offer for their vehicle which can be redeemed at any CarMax location. [28]
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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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