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The General Motors streetcar conspiracy refers to the convictions of General Motors (GM) and related companies that were involved in the monopolizing of the sale of buses and supplies to National City Lines (NCL) and subsidiaries, as well as to the allegations that the defendants conspired to own or control transit systems, in violation of Section 1 of the Sherman Antitrust Act.
The company's business model is focused on selling previously owned vehicles to car-buyers. [4] It uses a proprietary credit scoring model to finance car purchases at its dealerships in-house, [5] [6] including subprime lending. [7] DriveTime buys 150,000 cars annually at various auctions. [8]
CarMax works on a no-haggle policy, allowing people to buy and sell their cars without having to spend much time and effort. Not everyone is cut out to spend hours at a car dealership negotiating ...
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]
This week, the Los Angeles Sheriff's Department arrested three suspects in the scheme that sold rented vehicles illegally on Facebook's popular shopping platform for used goods.
The company has been ranked as one of the best places to work by The Wall Street Journal and the Los Angeles Business Journal. [30] Edmunds.com was named to Fast Company's World's Top 10 Most Innovative Companies of 2015 in Automotive. [31] In 2016, Edmunds.com was ranked 26th on Fortune's Best Small and Medium Companies list. [32]
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