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Buying a "beater" car -- typically an older, well-worn vehicle that may not be in pristine condition -- can have several benefits. Over anything, price is the main advantage to getting yourself...
The average cost of a used car is $26,510, according to Kelley Blue Book. While this is significantly less than what you can expect to pay for a new vehicle, it's still not exactly cheap. And with ...
In turn Consumer Reports compiled a list of cheap cars — starting at $22,867. They are ranked based on actual transaction price, and not the manufacturer’s suggested retail price (MSRP).
CarMax sold over 750,000 vehicles to consumers in Fiscal Year 2021 (March 1, 2020–February 28, 2021). [2] According to the CarMax fiscal year 2018 report released on April 24, 2018, the company opened 15 used car superstores in Fiscal Year 2018, and planned to open 15 additional stores in Fiscal Year 2019. [13]
In April 2017, the company went public and began trading on the New York Stock Exchange under the symbol CVNA. [7] Also in the same year Carvana acquired rival automotive startup Calypso to enhance vehicle data and analytical tools [8] and in this same year Carvana's co-founders were included in Fortune’s 40 Under 40 list in 2017. [9]
Edmunds was founded by Ludwig Arons in 1966 as Edmunds Publications, a publisher of printed booklets consolidating automotive specifications to help car shoppers make buying decisions. [3] In 1988, the company was purchased by Peter Steinlauf whose family has owned a majority stake since.
COVID-19 did not create companies like CarMax and Carvana. Fully online car-buying complete with vehicle delivery had been disrupting the industry for years before the pandemic arrived. The virus,...
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