CarMax Celebrates Sale of Two Millionth Car

RICHMOND, Va., Jan. 24, 2007 -- CarMax, Inc. , the nation's largest retailer of used cars, is celebrating the sale of its two millionth car. CarMax pioneered the used car superstore concept by introducing consumers to its no-hassle, no-haggle car buying experience in September 1993 at its first store in Richmond, Virginia. Today, CarMax has 74 used car superstores in 22 states. CarMax sold its one millionth car in the summer of 2003.

"I'm thankful to the more than 12,000 CarMax associates who have made this milestone possible," said Tom Folliard, president and CEO of CarMax Inc. "Their dedication and commitment to continuously delivering exceptional customer service is the reason why people have put their trust in CarMax. We are also grateful to our customers who are a testament to the success of CarMax in meeting and exceeding the needs of automotive consumers."

  Fun Facts About 2 Million Cars Sold
  *  Placed bumper-to-bumper, 2 million cars would stretch from our stores
     in Hartford, Conn., to Sacramento, Calif., to Jacksonville, Fla., to
     Chicago, Ill.
  *  The 2 million cars sold were test driven enough miles to cross the
     United States nearly 2,000 times.
  *  CarMax has spent approximately 24 million hours inspecting and
     reconditioning the 2 million vehicles sold. That's 1 million days,
     2,739 years, or 42 lifetimes.
  *  The keys to the 2 million cars sold weigh about 80,000 pounds.
  *  The license plates for the 2 million cars sold would cover about 1
     million square feet.
  *  CarMax's 2 million customers would fill the largest baseball stadium in
     the country more than 20 times.
  *  The entire population of Nevada equals the 2 million customers.

CarMax offers consumers a no-hassle, no-haggle car-buying experience, and a broad selection of high quality used vehicles. CarMax guarantees the quality of the cars sold, does not sell flood or frame-damaged vehicles, and guarantees a clean title and accurate odometer readings on its cars. All vehicles are thoroughly inspected and reconditioned, and CarMax offers a five- day, money-back guarantee and a limited 30-day warranty (60-day in CT).