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Fortune 500 companies based in Houston [1] Rank Company name 12: ExxonMobil: 48: Phillips 66: 60: Sysco: 105: Enterprise Products Partners: 106: Hewlett Packard ...
In October 2017, Sonic sold its Capitol Chevrolet & Hyundai franchise in Columbia, SC to the Stivers Automotive Group. In May 2018, Sonic sold its Lone Star Ford franchise in Houston, TX to the Doggett Auto Group. [20] The store was renamed Doggett Ford and moved into a new facility alongside Doggett's John Deere equipment dealership. [21]
A car dealer orders vehicles from the manufacturer for inventory and pays interest (called flooring or floor planning). Dealer holdbacks are a system of payments made by manufacturers to their dealers. [5] The holdback payments assist the dealer's ability to stock their inventory of vehicles and improve the profitability of dealers.
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Valucraft, Duralast, and Duralast Gold are AutoZone's private label brands for lead-acid automotive batteries (manufactured primarily by Johnson Controls, but also East Penn, Exide, and other manufacturers). Duralast Platinum is an AGM line of batteries. AutoZone also sells tools under the Duralast brand which carry a lifetime warranty.
In 2009, during the great recession, AutoNation announced a newly formed AutoNation Payment Protection program, promising that the dealership will buy back any car at market value, should the owner lose their job. [18] By 2011, AutoNation was the first auto retailer in the U.S. to sell a total of 8 million vehicles. [19]
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In 1983, after founding the largest office copier dealer in the world, A-Copy America, Herb Chambers sold the business to Ikon Office Solutions for $80 million. Ikon is now part of the copier manufacturer Ricoh. In 1984, Chambers was looking to purchase a Cadillac for personal use and while going through the process of buying the car he became ...