March 17, 2017
The nation's largest used vehicle seller, CarMax, has opened a new store in Albany, New York. The company recently held its grand opening for the 42,000 square foot showroom along Route 155 in Colonie - the location where Burger King and Kmart once stood.
CarMax, which is based in Richmond, Virginia, does business in 39 states and has over 170 locations. The only locations in New York are in Rochester and Colonie. Before the latest location was opened, interested CarMax customers had to drive to Hartford, Connecticut.
As of Feb. 29, 2016, the company had an operating and net sales revenue of $15.5 billion. The company sold more than 619,000 used vehicles retail and approximately 400,000 wholesale vehicles during in-store auctions.