CarMax reaches agreement with the Federal Trade Commission regarding its advertising practices related to recalls

RICHMOND, Virginia, 2016-Dec-14 — /EPR Retail News/ — CarMax has reached an agreement with the Federal Trade Commission (FTC) to resolve an inquiry surrounding its advertising practices related to recalls. As part of the agreement, CarMax is not paying any fines to the FTC and will be modifying some language about recalls in its advertising. […]

CarMax, Inc. announces management changes

RICHMOND, Va., 2016-Feb-03 — /EPR Retail News/ — CarMax, Inc. (NYSE:KMX) today announced that, as the culmination of a multi-year management succession plan, Bill Nash has been promoted to president and Cliff Wood has been promoted to chief operating officer, effective February 1, 2016. Tom Folliard plans to retire as chief executive officer prior to the […]

CarMax 2015 Used Car Shopping Report: Nissan Altima the No. 1 choice for used car shoppers for the second year in a row

Second annual CarMax Used Car Shopping Report reveals popular add-on and upgrade features Richmond, VA, 2015-6-11 — /EPR Retail News/ — The Nissan Altima was the No. 1 choice for used car shoppers at CarMax for the second year in a row, according to the company’s 2015Used Car Shopping Report published today. Data from the nation’s […]

CarMax, Inc. published a survey on midlife crisis car trends

Sedans and SUVs challenge sports cars for midlife purchase of choice, new CarMax survey reveals RICHMOND, Virginia, 2015-2-4 — /EPR Retail News/ — For many, the words “midlife crisis car” immediately bring to mind “flashy, red and sporty.” CarMax, Inc. (NYSE: KMX) today published a survey on midlife crisis car trends, and the results may be surprising: […]