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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 October 2022, CarMax operates 238 locations. [3]
CarMax auto superstore in Raleigh, North Carolina. 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 ...
Currently, CarMax has 229 locations across the U.S. where you can find your next dream car, irrespective of the model, make or year you have in mind. Trading or selling your car through CarMax is ...
In 2020, Edmunds launched a partnership with CarMax that allows a driver to receive a no-obligation cash offer for their vehicle which can be redeemed at any CarMax location. [ 28 ] Recognition
This was a year of important negotiations for AutoZone, as the company partnered with other important auto parts industry companies, such as CarMax and Midas. AutoZone de Mexico opens the first DC in Nuevo Laredo, Mexico. Total stores number 3,219 in 48 states and 49 in Mexico. [20]
CarMax of Richmond, Virginia filed suit in United States District Court claiming DriveTime offered kickbacks to CarMax salespersons for each customer they referred to DriveTime, a violation of RICO. DriveTime general counsel Jon Ehlinger denied the accusation and said the company would "vociferously" fight to clear its name. [35]
Co-founded by Sharp in 1993, CarMax grew to $12.5 billion in annual sales at approximately 135 locations by 2013. [2] Sharp hired Thomas J. Folliard as one of CarMax's first employees. Folliard has served as the president and chief executive of CarMax from 2006 until 2016, when Folliard retired. [3]
CarMax has physical dealerships and can provide a quick offer for your car. CarMax requires a license plate number or VIN as well as a location to provide an offer.