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June 24, 2014
13:25 EDTKMXCarMax accused of deceptive advertising, NY Times says
Eleven consumer groups asked the Federal Trade Commission to investigate CarMax for alleged deceptive ads, according to The New York Times. Although CarMax says in its ads that its vehicles undergo rigorous inspections, the company does not fix vehicles that have been recalled before selling them, the newspaper quoted the groups as saying. Reference Link
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August 18, 2014
07:01 EDTKMXSonic Automotive announces pre-owned automotive retail concept
Sonic Automotive announced that EchoPark is the name of its pre-owned vehicle retail store concept. Launching in Denver this fall, EchoPark will offer a revolutionary customer experience while providing guests with a whole new way to search, buy, service and sell their pre-owned vehicles.
06:03 EDTKMXCarMax to get new rival in used cars, WSJ reports
Sonic Automotive (SAH) is expected to today announce the creation of EchoPark stores, a chain of pre-owned vehicle stores that would compete with CarMax (KMX), the Wall Street Journal reports. Reference Link

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