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CarMax is the Giant in Retail Used Vehicle Sales
2013-07-24 06:38:15| AutomotiveDigest.com - Automotive Industry News
CarMax Inc. is the giant in retail used vehicle sales in the US. In its 2012 fiscal year, it sold twice as many used cars and trucks than its nearest competitor, AutoNation Inc. CarMax specializes in used vehicles up to six years old, offering consumers no-haggle prices and a low-pressure buying environment. Selling late-model used vehicles pays off for CarMax. The average retail selling price of for CarMax was $18,995 in its fiscal year ending Feb. 29, 2012, vs. $17,547 at franchise dealerships for used vehicle transactions in 2012, according to the National Automobile Dealers Association. The Article CarMax is the Giant in Retail Used Vehicle Sales appeared first on Automotive Digest.
Tags: used
sales
retail
vehicle
Category:Automotive