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Logan's were 2-cylinder air-cooled and water-cooled touring cars before standardizing with a 4-cylinder air-cooled car in 1906. [5] In 1907 a runabout model called the Blue Streak semi-racer was introduced with a 24-hp engine. This sold for $1,750, (equivalent to $57,225 in 2023).
Jeg Coughlin Sr. started JEGS Automotive Inc. in 1960 in a garage near downtown Columbus, Ohio because there was no source in the Midwest to obtain high-performance auto parts to modify hot rods. As JEGS became known for their full selection, the "garage" grew into a successful company.
In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have high interest rates. [1]
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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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