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CarMax's online sales, inventory grow in Q3; Appraisal tool yields results

Automotive News, 2022-01, Vol.96 (7019), p.3

COPYRIGHT 2022 Crain Communications, Inc. ;Copyright 2022 Crain Communications Inc. All Rights Reserved. ;ISSN: 0005-1551 ;EISSN: 1557-7686

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  • Title:
    CarMax's online sales, inventory grow in Q3; Appraisal tool yields results
  • Author: Huetter, John
  • Subjects: Automobiles ; Company sales and earnings ; Consumers ; Customers ; Inventory ; Inventory data ; Online sales ; Retail sales ; Retail stores ; Sales ; Used automobiles ; Used car dealers ; Vehicles
  • Is Part Of: Automotive News, 2022-01, Vol.96 (7019), p.3
  • Description: CarMax's online appraisal tool is less than a year old but has helped the retailer obtain more than 500,000 vehicles for its wholesale and retail business, according to the company's estimates in its second- and third-quarter earnings releases. Retail sales to customers that happened fully online rose to make up 9 percent of CarMax's retail volume, compared with 5 percent a year earlier. CarMax, of Richmond, Va., is No. 1 on Automotive News' list of the top 100 retailers ranked by used-vehicle sales, with retail sales of 832,640 used vehicles in 2020.
  • Publisher: Detroit: Crain Communications, Inc
  • Language: English
  • Identifier: ISSN: 0005-1551
    EISSN: 1557-7686
  • Source: AUTh Library subscriptions: ProQuest Central
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