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Article: CarMax(R) Tops Billion-Dollar Mark in Used-Car Sales
- Article from:
- PR Newswire
- Article date:
- June 27, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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RICHMOND, Va., June 27 /PRNewswire/ -- CarMax Auto Superstores, Inc., the pioneer of the used-car Superstore concept, today announced that it has reached the $1 billion milestone in cumulative store used-car sales.
CarMax began development of the auto superstore concept in 1991 and opened the first used-car Superstore of its kind in October 1993 in Richmond, Va. The company is revolutionizing the way consumers think about purchasing automobiles by offering low, no-haggle prices; a broad selection of top- quality used cars and trucks; and customer-friendly service throughout the
car-buying experience. CarMax currently has eight superstores, ...