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A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
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]
On October 23, 2003, WilcoHess announced it acquired 50 Servco stations in North Carolina from Service Distributing Co. Inc. of Albemarle, North Carolina, which was getting out of the business. WilcoHess had 155 stores and 38 restaurants and plans for a travel center in Tennessee. [6]
Stellantis — the European automaker that makes cars under the Jeep, Ram, Dodge and Chrysler brands in North America — saw its joint venture that made Jeeps in China file for bankruptcy in 2022 ...
Stock indexes drifted to a mixed finish on Wall Street as some heavyweight technology and communications sector stocks offset gains elsewhere in the market. The S&P 500 slipped less than 0.1% ...
Simplex Manufacturing Corporation was an American manufacturer that made motorcycles from 1935 to 1975. Between 1935 and 1960, Simplex made variations of the Simplex Servi-Cycle including the 1953–1960 Simplex Automatic.
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