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CarMax Expands in California Featured

Sunday, 05 November 2017 19:03

CarMax Inc. celebrated the grand opening of the company’s fifth store in the San Francisco Bay Area.
The store is located at 401 Serramonte Blvd. in Colma and has the capacity to stock approximately 340 used vehicles.
CarMax opened its first Bay Area store in Pleasanton in 2016 and since that time has donated more than $150,000 throughout the region. In celebration of the Serramonte store grand opening, CarMax and The CarMax Foundation awarded $16,000 in donations and grants to the Boys & Girls Clubs of North San Mateo County.
Support for this organization came at the recommendation of the Serramonte CarMax associates.
CarMax also invested approximately $95,000 to build a playground in the Bay Area through a partnership with Kaboom. The playground was unveiled at Park Elementary School in the Hayward Unified School district. Park Elementary is a school where the majority of students are eligible for free or reduced lunch. CarMax associates in the Bay Area volunteered their time to help build the playground and The CarMax Foundation also presented Park Elementary School with a $10,000 grant.

CarMax, Carvana Expand in Las Vegas Featured

Thursday, 02 November 2017 00:45

Competition is heating up in Las Vegas as two used-car chains are expanding in that market.
CarMax Inc. is celebrating the grand opening of the company’s third store in Las Vegas and fourth location in the state of Nevada. The store is located at 4900 North Rancho Drive and has the capacity to stock approximately 340 used vehicles.
In celebration of the Centennial store opening, CarMax and The CarMax Foundation awarded $15,000 in donations and grants to the YMCA of Southern Nevada’s Centennial Hills Community Center. Support for this organization came at the recommendation of the Centennial CarMax associates.
Meanwhile, Carvana also recently launched operations in the Las Vegas market.

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EchoPark Stores Grow Quickly Featured

Wednesday, 25 October 2017 22:12

Sonic Automotive Inc. reported that its EchoPark used-car superstores retailed 37.7 percent more units than in the prior year quarter.
Sonic is opening another EchoPark store in San Antonio in early 2018. Sonic’s schedule for expansion includes the opening of approximately 10 additional EchoPark locations by the end of 2018.
Sonic’s six EchoPark stores combined were cash flow positive during the quarter.  The newest location in Colorado Springs was cash flow positive in its third month of operation, some six months ahead of the original EchoPark stores.

CarMax Looks to Hire 2,000 Employees Featured

Tuesday, 24 October 2017 16:10

CarMax Inc. announced plans to hire for more than 2,000 positions companywide by the end of the year.
CarMax currently employs more than 24,000 people nationwide.
The majority of new and open positions are for sales consultants, technicians, detailers and inventory associates. CarMax stores are also hiring for positions within its business offices nationwide.
 Additionally, the company is hiring for several customer service positions at CarMax Auto Finance in Atlanta, and for digital and technology positions at the headquarters in Richmond, Va.