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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.
The summary chart includes the five largest worldwide automotive manufacturing groups as of 2017 by number of vehicles produced. Those same groups held the top 5 positions 2007 to 2019; Hyundai Motor Group had a lower rank until it took the fifth spot in 2007 from the at that time split German-American auto manufacturer DaimlerChrysler, while Ford became surpassed by Honda in 2020, and even ...
The 1990s began the decade in a recession, which resulted in weak auto sales and operating losses. The Invasion of Kuwait by Iraq caused a temporary jump in oil prices. The automakers recovered fairly quickly. In the mid-1990s, light truck sales, which included sport utility vehicles, pickup trucks and minivans, began to rise sharply.
Automobile experimentation and design in the US started a few years after Carl Benz patented and produced his original gasoline-powered motor car in 1886, and a handful of companies were producing them in the US by the turn of the century.
Founded in 1899 as 'Buick Auto-Vim and Power Company' and acquired by General Motors in 1908. Cadillac: Founded as Henry Ford Company in 1901, renamed to Cadillac following Henry Ford's departure in 1902. Acquired by General Motors in 1909. Chevrolet: Founded in 1911 and acquired by General Motors in 1918. GMC
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