Company Celebrates Two Area Stores with “Road Rally” for Charity Event
RICHMOND, Va. (November 6, 2013) – CarMax, Inc., (NYSE: KMX), the nation’s largest retailer of used cars, officially opened its first store in St. Louis, Mo. and also celebrated a second store coming soon to the area. The first store, located at
6201 South Lindbergh Boulevard is now open, and the St. Peters store located at
4990 North Service Road will open December 4. Each will stock more than 250 used vehicles of nearly every make and model.
“We are excited that our company’s growth has brought us to Greater St. Louis,” said Tom Folliard, president and CEO of CarMax. “Both area stores will provide residents with the unique CarMax experience in the search for their perfect vehicle.”
Local dignitaries and CarMax associates attended a grand opening event at the new St. Louis location today. The event included a “Road Rally” for charity featuring local television personalities competing in contests, including a game of driving skill. CarMax donated $1,000 to each participant’s charity, and the winner’s charity received an additional $1,000.
The CarMax St. Louis Road Rally participants and their charities of choice included KMOV
Meteorologist Kent Ehrhardt sponsoring Special Olympics Missouri, KDNL host Jason Miller forHeat-Up St. Louis, KTVI anchor of Fox 2 News in the Morning Angie Mock supporting theSiteman Cancer Center, and KSDK Show Me St. Louis host Coreen Savitski for Foster & Adoptive Care Coalition.
The CarMax Foundation, which supports the communities where associates live and work, provided $10,000 grants to both the Boys & Girls Clubs of Greater St. Louis and Youth in Need as the company celebrates the two new locations. These grants came at the recommendation of local CarMax associates. The CarMax Foundation has granted more than $18 million on behalf of associates across the country since 2003.
CarMax opened its first store in Richmond, Va., 20 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
- An optional 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
- Nearly every make and model (both domestic and imported used vehicles)
- Used vehicles that are generally one to six years old with fewer than 60,000 miles
- More than 35,000 vehicles online at carmax.com
- Transfer most used cars to the store nearest you (fee may apply)
Commitment to Quality
- Careful evaluation – only one in three cars we evaluate has the quality necessary to become a CarMax car
- Investing time and money so you don’t have to – every CarMax used car undergoes a rigorous 125+ point inspection
- Providing a 30-Day Limited Warranty and 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
Greater St. Louis residents also can 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 used vehicle transferred from any CarMax location to either of the two area locations (fee may apply). CarMax is sharing photos and videos from today’s event on the company Facebook page and through Twitter.
About CarMax
CarMax, a member of the FORTUNE 500 and the S&P 500, and one of the FORTUNE 2013 “100 Best Companies to Work For,” is the nation’s largest retailer of used cars. Headquartered in Richmond, Va., CarMax currently operates 126 stores in 63 markets. The consumer offer features low, no haggle prices, a broad selection of CarMax Quality Certified used cars, and superior customer service. During the twelve months ended February 28, 2013, the company retailed 447,728 used cars and sold 324,779 wholesale vehicles at our in-store auctions. For more information, access the CarMax website at http://www.carmax.com/.
Media Contacts
Michelle Ellwood, CarMax Public Relations, (804) 747-0422 ext. 4139
Catherine Gryp, Public Relations Manager, (804) 747-0422 ext. 4029
Twitter: @CarMax , Facebook: facebook.com/CarMax