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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]
Herb Chambers was one of the first dealerships in the United States to use a no-haggle pricing strategy called the "Smart Pricing" program. They also have all used cars undergo a safety inspection before purchase and attempting to ensure there is no pressure from the salesperson. The dealer also has a refund program where the purchaser can ...
The trade came about as a way for the brand to acquire a strong-performing Chevrolet franchise, as well as a plot of land beside the dealership on which the new Murray Imports BMW location could be built. [17] [18] Sonic purchased the four AutoMatch USA used car locations in Florida and Georgia in 2016. These locations were re-branded under ...
In December 2019, Asbury agreed to buy Texas-based Park Place Dealerships, a collection of luxury vehicle dealerships in the Dallas/Fort Worth area, for $1 billion. [15] On March 24, 2020, the deal was canceled amid concerns due to the COVID-19 pandemic. [16] However, a modified deal was reached on July 6 of that year [17] which closed on ...
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