CarMax Acquires Nissan New-Car Store In the Wash/Balt
18 June 1999
RICHMOND, Va. -- The CarMax subsidiary of Circuit City Stores, Inc. announced today that it has acquired the Nissan franchise rights held by Town & Country Pontiac Nissan, Inc. in Perryhall, Md., and has added the franchise to its CarMax Auto Superstore in White Marsh, Md. The CarMax Auto Superstore is located at 10201 Philadelphia Road, across from the White Marsh Mall. In addition to its extensive selection of used cars, CarMax at White Marsh is selling the complete family of new Nissan cars, trucks and SUVs beginning today. "The success we have enjoyed since opening the White Marsh location clearly indicates that consumers like the quality and depth of our selection; our low, no-haggle prices; and the guaranteed satisfaction we provide," said W. Austin Ligon, president of CarMax. "We are delighted to expand this consumer offer with the addition of new Nissan vehicles." The Washington/Baltimore market is one of CarMax's most successful markets. In addition to the White Marsh location, CarMax operates a superstore at U.S. Route 1 just north of Laurel, Md. That store sells CarMax's extensive selection of used cars as well as a full line of new Mitsubishi vehicles. It is the nation's largest used-car retail location. CarMax also operates a Toyota franchise at 3516 Ft. Meade Road just off Route 1 in Laurel; another superstore, on State Route 28, midway between the Dulles Toll Road and Highway 7, in Sterling, Va., that sells used cars and new Mitsubishi vehicles; and a fourth used-car superstore at 15931 Frederick Road, one and one-half miles south of Shady Grove Road, in Rockville, Md. CarMax currently operates two Nissan franchises: one at the CarMax Auto Mall, a nine-franchise auto mall and used-car superstore in Kenosha, Wis., halfway between Chicago and Milwaukee; and a second one at its Greenville, S.C., superstore. With the addition of the White Marsh Nissan franchise, CarMax operates 21 new-car franchises. In 1998, the CarMax Auto Superstore in Norcross, Ga., was the leading Chrysler-Plymouth dealer in the U.S. CarMax's two Atlanta-market Chrysler franchises carry the Five Star rating, DaimlerChrysler Corporation's highest award for customer service excellence, and both rank among the nation's top 100 Five Star dealers. CarMax, a subsidiary of Circuit City Stores, Inc., pioneered the used-car superstore concept and currently operates 35 locations. Including the new Nissan franchise, CarMax operates 30 used-car superstores and 21 new-car franchises. Circuit City Stores, Inc. is a leading national retailer of brand-name consumer electronics, personal computers, major appliances and entertainment software.