CarExpress, a used car dealership in Chattanooga off Highway 153 that offered a CarMax-type one-price, no-haggle model, has closed.
The dealership, which opened in 2016 near Shallowford Road, shut its retail space last week, though its service area is still operating, said Chattanooga businessman and owner Emerson Russell on Friday.
Russell said he is negotiating a potential sale or lease of the dealership, but he plans to keep ownership of the property.
“We haven’t finalized it yet,” he said.
He and longtime Chattanooga auto dealer Joe Prebul, along with an Atlanta businessman, opened CarExpress in mid-2016 with an investment estimated then at up to $6 million.