CARMAX WINS TORCH AWARD FOR BUSINESS ETHICS FROM INDIANAPOLIS BETTER BUSINESS BUREAU
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RICHMOND, Va. (November 13, 2006)—The Indianapolis CarMax store has won the Torch Award for Business Ethics from the Indianapolis, Indiana Better Business Bureau. The Indianapolis CarMax store is located at 9750 North Gray Road. CarMax is the nation’s largest retailer of used cars. "CarMax is honored to have been awarded the prestigious Torch Award," said Meade Trible, Location General Manager at the Indianapolis CarMax store. "We believe that this recognition by the Better Business Bureau is a testament to our unwavering commitment to customers. Everyday we make it a top priority to treat customers and each other with respect and dignity." Receiving the Torch Award for 2006 reflects CarMax’s continued dedication to fairness, integrity, and openness. Torch Award winners have demonstrated their commitment to ethical business practices in all aspects of their relationships with customers, associates, vendors, shareholders, and within the community. For example, the Indianapolis CarMax store participated in Safe Smart Women, a program that gave participants a hands-on opportunity to learn the concepts of safe driving, how installed safety features work in vehicles, how to select a safe and appropriate car, and the basics of car maintenance. 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 its cars, 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. About CarMax CarMax, a FORTUNE 500 company, and one of the FORTUNE 2006 "100 Best Companies to Work For," is the nation's largest retailer of used cars. Headquartered in Richmond, Va., CarMax currently operates 71 used car superstores in 34 markets. CarMax also operates seven new car franchises, all of which are integrated or co-located with its used car superstores. During the twelve month period ended August 31, 2006, the company sold 311,241 used cars, which is 94% of the total 330,296 vehicles the company retailed during that period. For more information, access the CarMax website at www.carmax.com
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Lisa Van Riper, Assistant Vice President, Public Affairs, (804) 935-4594
Trina H. Lee, Public Relations Manager, (804) 747-0422 ext.4197