The DNC is going to commit suicide on the stage at the Bank of America staidum in front of the whole nation. I love it!
He joined Redfin investments this was the press release; nothing about government until the last line, where it was introduced as an obstructor of business.
CarMax focused first on building consumer trust, in an industry where consumers were skeptical, and no brand was well-trusted.
CarMax pays its field organization to do the right thing, not just sell cars at any cost.
CarMax is unapologetic about offering low, no-haggle pricing. The industry in which it operates has been unapologetic about trying to maximize per-transaction profit, and hostile to the ideas of value or efficiency.
CarMax believes that only way you can disrupt an industry is by being better and cheaper, not just one or the other.
CarMax grew slowly, market by market, perfecting the customer experience before expanding.
CarMax builds competitive advantage by gathering data about inventory, customers & operations that individual dealerships cant match.
CarMax accumulated operational expertise in a complex business that eventually created barriers to entry so deep that the company now has virtually no competition.
CarMaxs first contact with customers is online, in an industry where the in-person salesman had been king.
CarMaxs online competitors are lead-referral sites, which send customers to dealers of varying quality, operating in a broken system.
CarMax has always focused on the long-term, limiting its initial appeal to investors, but maximizing return on invested capital over time.
CarMax built a culture of respect for its employees, despite competing in a dog-eat-dog industry. For the sixth consecutive year, Fortune just chose CarMax as a Top 100 company to work for. No auto dealer or manufacturer has ever made the list.
CarMax lobbied Congress to override anti-competitive state laws, and failed.
The only argument Ive gotten in with Austin so far is whether the largest class of American state legislators consists of car dealers or real estate folks. Welcome Austin. Were glad to have you aboard!
KarlMarx
You can’t write this stuff...
Good to know this. My mom bought her last car at CarMax 7 years ago and has been talking about buying another one there. I’m sure she won’t do it now.
This is not a successful strategy. All this will do is prove what ob@st@ard meant when he said, “You didn’t build that.”
Add Carmax to the list of companies I will never, EVER do business with.
Ever.
1) that place has always been terrible and I got a terrible vibe the few times I’ve been there.
2) It shall from this point forward be called “carL maRx” instead
1) that place has always been terrible and I got a terrible vibe the few times I’ve been there.
2) It shall from this point forward be called “carL maRx” instead
Well, there you have it: If you can’t trust a used car dealer, who can you trust?
Two things that are just as low as whale poop.
Two things that are just as low as whale poop.
Two things that are just as low as whale poop.
If I was planning on buying a car from them I wouldn’t now.
CarMax won’t be getting my business.
He’s right. He didn’t build it. Carmax was a spinoff from Circuit City.
The approved talking point is: taxpayers and govt build the roads and nothing would happen without govt and taxpayers building roads. Kinda weak, but it’s all they have.
“I didn’t build it” but now he’s content to wreck it?