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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]
The company rolled out the platform across its existing dealership base while announcing intents to utilize the brand in markets in which it did not currently own stores. On Sept. 29, 2021, Asbury purchased the Utah-based Larry H. Miller Dealerships for $3.2 billion, along with its Total Care Auto (TCA) vehicle protection plan business. [20]
Herb Chambers was one of the first dealerships in the United States to use a no-haggle pricing strategy called the "Smart Pricing" program. They also have all used cars undergo a safety inspection before purchase and attempting to ensure there is no pressure from the salesperson. The dealer also has a refund program where the purchaser can ...
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 ...
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