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The company was established in 1950 in Glendale, California by Earl "Madman" Muntz, a well known local used car dealer and electronics retailer. [1] Muntz was assisted by Frank Kurtis, who had earlier attempted to produce a sports car under the Kurtis Kraft marque (the Kurtis Kraft Sport, which sold just 36 units by 1950).
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 ...
In their earliest advertising copy Devin Enterprises listed a mailing address of P.O. Box 357, Fontana, California.Later on they used a street address of 44500 Sierra Highway, Lancaster, California and later still 10156 Rush, South El Monte, California before moving operations to their most well-known location at 9800 E. Rush Street, El Monte, California.
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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]
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