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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]
As a result of this sale, the company changed its name to AutoNation to highlight its focus on the automobile industry. [citation needed] In 1998, CarMax brought a lawsuit against Republic for copyright and trademark infringement. [14] CarMax received a $50 million jury award in its lawsuit, but it was overturned on appeal in 1998. [10]
For buyers, the site offers listings of new and used vehicles for sale from dealers and private sellers. [3] [16] It can search for cars through categories: make and model, price range, style, drive type (automatic or manual), engine type, color (exterior and interior), mileage and number of doors.
New data shows that even currently, EV prices in the used market are under pressure. According to Manheim’s latest used vehicle value index , used gas-powered car prices fell 3.5% in October ...
In the United States, a car dealership is a business that sells cars. 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.
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