What does CarMax stand for?

CarMax. CarMax is the United States’ largest used-car retailer and a Fortune 500 company.

Is CarMax owned by Toyota?

CarMax, Inc. In September 1993, the first CarMax retail location was opened in Richmond, Virginia. In 1996, the company acquired its first new car franchise with Chrysler. By 1999, it added new vehicle franchises for Mitsubishi, Toyota, and Nissan. On October 1, 2002, CarMax officially split from Circuit City.

Where is the largest CarMax?

Murrieta
RICHMOND, Virginia (October 26, 2016) – CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, selected the city of Murrieta as the location to build the company’s largest multi-purpose facility to date.

Does CarMax haggle at all?

CarMax’s brand is synonymous with transparency. The retailer has a no-haggle policy for used-vehicle prices and trade-in offers. CarMax gives free, no-obligation valuations and offers consumers a price that’s good for seven days.

Can you return a car to CarMax?

In addition, CarMax has extended its 7-Day Money Back Guarantee to a 30-Day Money Back Guarantee. Now, customers have 30 days to decide if a vehicle is the right fit, allowing them to return the car for any reason for a full refund up to 1,500 miles. This offering is unmatched in the automotive industry.

Whats a good amount of miles on a used-car?

To determine whether a car has reasonable mileage, you can simply multiply 12,000 by its age. That means good mileage for a car that’s 5 years old is 60,000. Significantly more or fewer miles could indicate a problem or trouble in the future.

Does CarMax buy cars with over 100 000 miles?

The answer, surprisingly, is yes. CarMax does buy vehicles with over 100,000 miles on them. Generally, they do not buy these vehicles for resale, they are usually auctioned off or sold for parts.

Who founded Carmax?

Richard L. SharpCarMax / Founder

Who is CEO of Carmax?

William D. Nash (Sep 1, 2016–)CarMax / CEO