(NYSE:KMX) today reported results for the fourth quarter and fiscal year ended February 28, 2022. Highlights: CarMax’s share of the nationwide age 0-10 year old used vehicle market increased to a record 4.0% in calendar year 2021, up approximately 13% from 3....
(In millions) 2023 % (1) 2022 % (1) Net sales and operating revenues $ 7,687.1 100.0 $ 9,311.6 100.0 Gross profit $ 817.4 10.6 $ 875.4 9.4 CarMax Auto Finance income $ 137.4 1.8 $ 204.5 2.2 Selling, general, and administrative expenses ...
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The global luxury car market size was valued at USD 617.36 billion in 2022 and is expected to expand at a CAGR of 6.9% from 2023 to 2030. The increasing number of ultra-high-net-worth individuals and increasing disposal income are driving the market growth. Moreover, the increasing adoption...
Additionally, in June 2022, Pollstar announced that it was working on a new range of its first electric SUV, which was expected to debut in the market by October 2022. Considering these factors, the demand for luxury SUVs in the European auto sector is expected to pick up traction and is...
The increasing internet penetration rate indicates a shift in consumer behavior toward online activities and digital channels. With nearly 97.4% of the population in 2022 having access to the Internet, there is a vast potential for e-commerce in the automotive industry, including the buying and sel...
[1] argued that more than 35 million cars are sold yearly. This market encompasses buying and selling pre-owned vehicles typically obtained through trade-ins, auctions, or private sales. The used car market dynamic varies across different countries due to variations in consumer preferences, ...
Shopping around by collecting quotes on the same coverage from multiple insurers is typically the best way to save on car insurance. For example, a Consumer Reports survey of more than 40,000 readers in 2022 found that about a third had switched insurers in the previous six years—and 58% ...
The marketability of electric vehicles: battery performance and consumer demand for driving range This paper reports on a four-year study of electric vehicle (EV) demand. We focused on a newly defined market segment: multi-car "hybrid households," in wh... K Kurani,D Sperling,T Turrentine ...
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