New-Vehicle Transaction Prices Hit All-Time High Despite Rising Interest Rates; Sales Volume Constrained as Inventory Stays Flat
TROY, Mich.–(BUSINESS WIRE)–J.D. Power: The Retail Sales Forecast New-vehicle retail sales for June 2022 are expected to decline when compared with June 2021, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month are expected to reach 965,300 units, a 18.2% decrease compared with June 2021 when […]
CarMax Reports First Quarter Fiscal 2023 Results
RICHMOND, Va.–(BUSINESS WIRE)–CarMax, Inc. (NYSE:KMX) today reported results for the first quarter ended May 31, 2022. Highlights: Enabled online self-progression capabilities for all of our retail customers. Net revenues of $9.3 billion, up 21.0% compared with the prior year first quarter. Sold 427,257 units through our combined retail and wholesale channels, down 5.5% versus the […]
