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Afterward, Hendrick opened a small used-car lot with Mike Leith. Leith, an established new-car dealer, was convinced to name Hendrick the general sales manager of the company, at age 23. In 1976, he sold his assets to purchase a franchise in Bennettsville, South Carolina. After doing so, he became the youngest Chevrolet dealer in the United ...
Hendrick Motorsports and GM ceased the project in 1988. Hendrick Motorsports expanded its NASCAR efforts to two full-time cars in 1986, three in 1987, and four in 2002. [6] [7] [8] It was one of the first teams in NASCAR to be successful operating multiple entries, partly based on the model used at the Hendrick car dealerships.
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]
On Jan. 25, 2025, the first retail production 2025 Chevrolet Corvette ZR1, VIN 001, sold at the Barrett-Jackson Scottsdale Auction for $3.7 million.
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 ...
As of 2013, Earnhardt has his own signature line of eyeglass frames, partnering with NY Eye Inc. [91] In August 2012, he entered the automobile dealer business, opening Dale Earnhardt Jr. Chevrolet and Dale Earnhardt Jr. Buick-GMC-Cadillac in Tallahassee, Florida in association with car owner Rick Hendrick.