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A certified pre-owned car or CPO [citation needed] is a type of used car.It is also used in references to guns and phones. The term "certified pre-owned was conceived by corporations [citation needed] in order to find a more favorable alternative to marketing products as 'used,' which causes purchasers to impose their cognitive biases associated with 'used' items onto prospective purchases.
CarMax, Inc. is a used vehicle retailer based in the United States. It operates two business segments: CarMax Sales Operations and CarMax Auto Finance. The company began as a side business of Circuit City, opening its first location in September 1993 in Richmond, Virginia. As of January 2025, CarMax operates 253 locations. [3]
In the fall of 1999, Carfax became a wholly owned subsidiary of R.L. Polk & Company. [3] In 2013, IHS acquired Polk and CARFAX. [4] In March 2016, IHS had a merger of equals with Markit, becoming IHS Markit. [5] On February 28, 2022, S&P Global purchased IHS Markit, and CARFAX became a brand in the company's newly formed S&P Global Mobility ...
Even better, you can also find cars in person at a CarMax location local to you. Pros. Straightforward interface. No-haggle buying. Wide variety of makes and models. 7-day return policy.
The company reports market value prices for new and used automobiles of all types, as well as motorcycles, snowmobiles and personal watercraft. [16] For both new and used automobiles, Kelley Blue Book provides a fair market range and fair purchase price, based on actual transactions of what others are paying for a vehicle and adjusted regularly as market conditions change.
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