CarMax Announces New Suzuki Franchise for the Dallas Market
30 June 2000
CarMax Announces New Suzuki Franchise for the Dallas MarketRICHMOND, Va. - CarMax Auto Superstores, Inc. announced today that American Suzuki Motor Corporation has granted CarMax a new-car franchise point that is being operated from the CarMax Auto Superstore in Garland, Texas. The CarMax Superstore is located at 12175 LBJ Freeway. It has offered an extensive selection of top-quality used cars since its opening in 1998. Beginning today, it adds the complete family of new Suzuki SUVs and cars. "The success we have enjoyed since opening the Garland 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 Suzuki vehicles. It is a winning combination for the customer, for Suzuki and for CarMax." Gary Anderson, American Suzuki vice president of sales, said of the new franchise point, "This is a great opportunity for Suzuki in the Dallas-Ft. Worth market. I believe CarMax's innovative sales approach with its emphasis on customer satisfaction will serve to enhance our image in the Dallas market. CarMax has proven to be a winner in new-car sales, and we believe the CarMax/Suzuki relationship will only grow stronger as we move forward." In addition to the Garland store, CarMax has three other used-car superstore locations in the Dallas/Ft. Worth area: Texas Stadium, Plano and Ft. Worth/Arlington. CarMax also operates a new-car franchise, CarMax Chrysler Plymouth Jeep, in Lancaster. The new franchise is the first Suzuki franchise for CarMax. With the addition of this franchise, CarMax operates 21 new-car franchises. CarMax , a subsidiary of Circuit City Stores, Inc. , pioneered the used-car superstore concept and currently operates 40 locations. Circuit City is a leading national retailer of brand-name consumer electronics, personal computers, major appliances and entertainment software. This release contains forward-looking statements, which are subject to risks and uncertainties. Additional discussion of factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations is contained in Circuit City Stores, Inc. SEC filings.