ALBANY, Ga. CarMax, the nation’s largest retailer of used cars, is eying an Albany location, officials with the company confirmed Thursday.
Britt Farrar, a spokesperson for CarMax, said that negotiations were ongoing for 8 acres of land on the Dougherty County side of Ledo Road adjacent to Byne Memorial Baptist Church.
“We’ve been growing, opening about 10 to 15 stores each year, and we’re very interested in getting into the Albany market,” Farrar said. “I can confirm that we’re involved in discussions for an Albany location.”
Farrar said that the start of negotiations until the doors open can take upwards of three years.
Justin Strickland, vice president of the Albany-Dougherty Economic Development Commission, said Thursday afternoon that it is EDC policy not to speak on real estate transactions or negotiations, but that the EDC is working on several new retail possibilities for Albany and Dougherty County.
“We would rather not speak to any real estate transactions, but I can say that we’ve been working with a couple of really exciting retail ventures that would bring a lot to Albany and Dougherty County,” Strickland said. “We hope to see those come to fruition at some point in 2013.”
CarMax is a Fortune 500 company and the largest retailer of used cars in the U.S. The company currently operates 116 used-car superstores in 58 markets.
“The unique CarMax consumer offer provides our customers the opportunity to shop for vehicles the way they shop for items at other national retailers, and it is structured around four customer benefits: low, no-haggle prices; a broad selection; high-quality vehicles; and a customer-friendly sales process. During the fiscal year ended Feb. 29, 2012, the company retailed 408,080 used vehicles and sold 316,649 wholesale vehicles at its in-store auctions, a statement on the company’s website reads.