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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 at each store); low, no-haggle pricing; guaranteed ...
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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In 1947, Joseph and Jacob Meyerhoff built Edmondson Village Shopping Center, which featured a bowling alley, movie theatre, and acres of free parking. [1] Retail establishments at the shopping center included Hess Shoes, Food Fair, Tommy Tucker, Whelan's Drugs, and Hochschild, Kohn & Co. [2]
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