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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. As of January 2025, CarMax operates 253 locations. [3]
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CarMax is a used car auto superstore concept developed in 1991 at Circuit City by Austin Ligon, then Circuit City's Senior VP of Planning, and Rick Sharp, then Circuit City CEO. The goal of CarMax was to revolutionize used car retailing through a combination of large selection (400+ used cars at each store); low, no-haggle pricing; guaranteed ...
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The Auburn Mall, managed by Simon Property Group, which owns 56.1% of it, is an enclosed shopping mall located on Route 12 in Auburn, Massachusetts, United States, near the intersection of the Massachusetts Turnpike (Interstate 90) and I-290/I-395. The mall features Macy's as an anchor. [2] [3]
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In 2000 the company introduced True Market Value, a service that analyzed a variety of factors to offer a suggested transaction price for vehicles. [7] That same year, the company introduced simple websites for web-ready mobile phones and PDAs. [8] In 2005, Edmunds.com launched Inside Line, a free online magazine for automotive enthusiasts. [5]