News Details

Oxnard Store Celebrates with “Road Rally for Charity” Online Event

RICHMOND, Va. (Oct. 22, 2012) - CarMax, Inc., (NYSE: KMX), the nation’s largest retailer of used cars, has officially opened its first auto superstore in Oxnard, Calif. The newest CarMax is located at 2001 Lockwood Street. The store is more than 41,000-square-feet, occupies more than 12 acres, employs more than 40 associates and stocks approximately 300 used vehicles of nearly every make and model.

In celebration of the first CarMax to open in Ventura County, the company is hosting an online “Road Rally for Charity” contest, which launches Oct. 22 on the CarMax Facebook page, www.facebook.com/CarMax. CarMax is donating a total of $5,000 to three local nonprofits who are “competing” for votes. The organizations, selected for their commitment to youth leadership, education and wellness, are the Boys & Girls Clubs of Greater Oxnard and Port Hueneme, Junior Achievement of Southern California and the American Heart Association, Los Angeles County Division.

“Being a good corporate neighbor is an important part of who we are,” said Tom Folliard, president and CEO of CarMax. “We’re proud to support these organizations as we open our newest CarMax location in Greater Los Angeles.”

During the contest, supporters of the selected charities can go to the CarMax Facebook page to cast their vote for one of the charities. Each charity will receive a donation of $1,000 just for participating. The charity that receives the most votes will receive an additional $2,000 donation. Voting ends on Nov. 5. The winning charity will be announced on the CarMax Facebook page.

CarMax opened its first store in Richmond, Va. 19 years ago after the company
surveyed thousands of consumers to find out what they liked and disliked about car shopping. CarMax was designed according to the survey responses, giving consumers what they asked for:

Low Prices

• No hassles, no haggling on all four parts of the car purchase:
• The price of the vehicle, which is posted clearly on the car and on carmax.com
• Extended service plan, consumers can choose the plan that’s right for them
• Financing, with all options displayed on a computer for the consumer to review
• The “trade-in,” a written offer good for seven days whether or not the customer buys a car from CarMax

Broad Selection

• Hundreds of vehicles on every lot (generally 250 to 450 per store)
• Nearly every make and model (both domestic and import used vehicles)
• Used vehicles that are generally one to six years old with less than 60,000 miles
• Nearly 30,000 vehicles online at carmax.com
• Transfer most used cars to the store nearest you

Commitment to Quality

• CarMax used cars are Quality Certified
• Only 1 in 3 cars we evaluate is selected to be a CarMax car
• CarMax cars undergo an average of 12 hours of thorough inspection and renewal
• All used cars we retail are protected by a 30-Day Limited Warranty and no-hassle 5-Day Money Back Guarantee

Customer Friendly

• A kids play area
• CarMax will buy any car, whether or not the seller purchases a CarMax vehicle

Oxnard, Calif. residents can also preview CarMax vehicles by logging onto http://www.carmax.com/. The website features actual prices and photos of thousands of CarMax vehicles available nationwide. Prospective car buyers can have a vehicle transferred from any CarMax location to the Oxnard, Calif. store for a fee. CarMax has several other area stores located throughout the Greater Los Angeles region.

Media Contacts
Michelle Ellwood, Public Affairs Coordinator, (804) 747-0422, ext.4139
Britt Farrar, Public Relations Manager, (804) 747-0422, ext.3473