October 25: Competition coming for CarMax from N.C. firm (Richmond Times-Dispatch)
October 25, 2013
Used-car retail giant CarMax Inc. is about to have competition from a powerhouse dealership group.
Sonic Automotive Inc., based in Charlotte, N.C., announced this week that the company plans to roll out a chain of stand-alone used-vehicle stores starting late next year.
Sonic President Scott Smith said the company had been preparing for the launch for several years...