Carmax, Inc.: Car Ownership

1604 Words7 Pages

CarMax Inc. was originally founded in september of 1993, by Richard L. Sharp when opened its first location, out of Goochland Virginia. CarMax happens to be the biggest used car dealership retailer in all of the United States. Buying a car through CarMax is a much safer, different process than buying through any other used car dealership. Buying a car through CarMax is alternative to buying a car from a new car dealership, like Mercedes Benz, Audi, and Ford. With 175+ locations nationwide, they have single handedly created a new and easier way to purchase a used car, with no drama and a safer more comfortable environment for their customers. CarMax carries all of the main car brands at a much cheaper price including the Acura, Alfa, Aston …show more content…

The company sells older model cars in a relaxed environment, with no pushy salesmen. CarMax specializes in older higher end cars, like BMW, and Mercedes Benz. CarMax stands behind older higher end cars because as soon as you drive a new luxury vehicle off the new dealership lot, it loses half of the value it is worth, than sold to CarMax to sell back to the community at a very discounted price. They typically sell a car with a “no haggle price”, which sounds supersticial, but in the end, it is very beneficial because it takes the stress out of the deal. Most negotiations at a dealership often take hours if not days to complete. With the “no haggle price”, it takes the anxiety out of completing the …show more content…

CarMax won the Top Used Car Dealer of Fresno and Vacaville, and Best Independent Used Car Dealership of the Providence Journal, plus hundreds more. CarMax has built a phenomenal reputation for themselves in the used car industry. They have changed the game for buying a used car in the united states. They service the vehicle at the dealership and provide shuttle rides back home or back to work, and when the aforementioned car is finished being serviced, they will send the shuttle driver back to pick you up. CarMax plans to keep these high standards and plans to diminish every other used car dealership in the opposing area and create a monopoly for the used car industry. When the company expands to other countries, they will single handedly obliterate the competition for purchasing a used automobile. CarMax is a very unique company with hundreds of differences between them and other used car dealerships. Even if an individual does not buy a car from CarMax, they will no matter what make a cash offer for their trade in. They will make an offer on the spot after the appraisal process in cash and buy it even if you do not buy a vehicle from them. They hold their standards very high, if the customer isn't happy, they will do their best to improve or to make it right. They refuse to let a customer leave the store unhappy which is the ideal car dealership mentality. At any other new car dealership, all