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CarMax, Inc. (NYSE: KMX) releases consumer trends in used electric vehicle (EV) shopping, revealing a 177% increase in monthly search volume for EVs on CarMax.com from January 2021 to February 2024. The Tesla Model 3, Tesla Model Y, and Nissan LEAF remain the top three popular EVs, with a decrease in luxury models. Prices for top EV models have dropped by $3,000 to $5,000 on average, attracting more consumers. California leads in EV sales, while the East Coast shows a rising interest.
CarMax, Inc. (NYSE: KMX) ha rilasciato i dati sulle tendenze di consumo per quanto riguarda la ricerca di veicoli elettrici usati (EV), evidenziando un aumento del 177% nel volume di ricerche mensili su CarMax.com da gennaio 2021 a febbraio 2024. I modelli più popolari restano il Tesla Model 3, il Tesla Model Y e il Nissan LEAF, con un calo di interesse per i modelli di lusso. I prezzi dei principali modelli di EV sono diminuiti in media di $3,000 a $5,000, attirando più consumatori. La California è in testa nelle vendite di EV, mentre la costa orientale mostra un crescente interesse.
CarMax, Inc. (NYSE: KMX) ha publicado las tendencias de consumo en cuanto a la búsqueda de vehículos eléctricos usados (EV), revelando un incremento del 177% en el volumen de búsquedas mensuales para EVs en CarMax.com desde enero de 2021 hasta febrero de 2024. Los modelos más populares continúan siendo el Tesla Model 3, el Tesla Model Y y el Nissan LEAF, con una disminución en los modelos de lujo. Los precios de los modelos principales de EV han bajado en promedio entre $3,000 y $5,000, atrayendo a más consumidores. California lidera en ventas de EV, mientras que la Costa Este muestra un interés creciente.
CarMax, Inc. (NYSE: KMX)는 중고 전기차(EV) 쇼핑에 대한 소비자 트렌드를 발표하며, 2021년 1월부터 2024년 2월까지 CarMax.com에서 EV 검색량이 177% 증가했다고 밝혔습니다. 테슬라 모델 3, 테슬라 모델 Y, 닛산 리프가 가장 인기있는 EV 모델로 남아 있으며, 럭셔리 모델들은 인기가 감소했습니다. 주요 EV 모델들의 가격은 평균적으로 $3,000에서 $5,000까지 하락하여 더 많은 소비자를 끌어들였습니다. 캘리포니아에서는 EV 판매가 선두를 달리고 있으며, 동부 해안에서는 관심이 증가하고 있습니다.
CarMax, Inc. (NYSE: KMX) a publié les tendances des consommateurs pour l'achat de véhicules électriques d'occasion (EV), révélant une augmentation de 177 % du volume de recherches mensuelles pour les EV sur CarMax.com de janvier 2021 à février 2024. Les Tesla Model 3, Tesla Model Y et Nissan LEAF restent les trois EV les plus populaires, avec une baisse des modèles de luxe. Les prix pour les principaux modèles d'EV ont diminué en moyenne de $3,000 à $5,000, attirant plus de consommateurs. La Californie est en tête des ventes d'EV, tandis que la côte Est montre un intérêt croissant.
CarMax, Inc. (NYSE: KMX) hat die Verbrauchertrends beim Kauf von gebrauchten Elektrofahrzeugen (EV) herausgegeben, die eine Steigerung von 177% im monatlichen Suchvolumen nach EVs auf CarMax.com von Januar 2021 bis Februar 2024 zeigen. Die Modelle Tesla Model 3, Tesla Model Y und Nissan LEAF bleiben die drei beliebtesten EVs, wobei ein Rückgang bei Luxusmodellen zu verzeichnen ist. Die Preise für die führenden EV-Modelle sind durchschnittlich um $3,000 bis $5,000 gefallen, was mehr Verbraucher anzieht. Kalifornien führt bei den EV-Verkäufen, während das Interesse an der Ostküste steigt.
Positive
177% increase in monthly search volume for EVs on CarMax.com from January 2021 to February 2024.
Top three popular EVs at CarMax are the Tesla Model 3, Tesla Model Y, and Nissan LEAF.
Drop in luxury models on the popular list, with prices for top EV models decreasing by $3,000 to $5,000 on average.
California remains the leader in EV sales, while the East Coast shows an increasing interest.
SUVs and sedans are the top traded-in vehicle types for EVs at CarMax, with Toyota, Ford, and Honda being the top traded-in brands.
Negative
None.
Richmond, VA, April 22, 2024 (GLOBE NEWSWIRE) -- CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, has released its latest findings on consumer trends in used electric vehicle (EV) shopping. The data, gathered from CarMax.com search and sales data from September 2023 to February 2024, reveals insights into consumer interest, popular models, trade-ins, and regional preferences.
Key Highlights:
From January 2021 to February 2024, monthly search volume for electric vehicles on CarMax.com increased by 177%.
The following trends were identified from September 2023 to February 2024:
The Tesla Model 3, Tesla Model Y, and Nissan LEAF maintained their rankings as the top three most popular EVs at CarMax compared to the 2023 report.
The Ford F-150 and Honda Accord were CarMax's top trade-ins for EVs.
California continued to lead in EV sales at CarMax; there was a rise in EV sales on the East Coast, with Massachusetts, New York, and Maryland making the top ten list.
“Our data analysis confirmed that consumers are still very interested in EVs and that sales were increasingly trending beyond the west coast," said Jim Lyski, EVP, Chief Innovation and Strategy Officer at CarMax. “The availability of new models coupled with recent price cuts on new EVs may have contributed to ongoing interest from consumers considering making the switch from gas to electric."
Since January 2021, there has been a significant increase in the percentage of monthly EV searches on CarMax.com, rising by 177%, an increase of nearly three times. The surge in EV searches coincided with the rise in average gas prices in the U.S., indicating a growing preference for electric vehicles.
The Tesla Model 3, Tesla Model Y, and Nissan LEAF continue to be the top three most popular EVs at CarMax. However, compared to last year’s report, there has been a shift in their pricing, with these models now costing $3,000 to $5,000 less on average, according to CarMax sales data from December 2023 to February 2024.
New additions to the list of popular EVs at CarMax include the Volkswagen ID.4, Audi e-tron, Chevrolet Bolt EUV, and the Hyundai Ioniq 5. Luxury brands have seen a decrease, with only four luxury models making the list compared to six in the previous year's report. The average prices for the top ten most popular EVs at CarMax now range from $22,000 to $46,000, marking a significant drop compared to last year's report, where the average price range was $22,000 to $72,000. The top average price has dropped by approximately $26,000, given the Tesla Model X’s exit from the list and the lower average price of the Tesla Model S.
SUVs (39%) and sedans (31%) remain the top traded-in vehicle types for EVs at CarMax. Toyota remains the top traded-in brand, followed by Ford and Honda. The Ford F-150 and Honda Accord share the top spot as the most traded-in models for EVs.
The Tesla Model 3 was the best-selling EV at CarMax from September 2023 to February 2024. The top trade-ins for the Tesla Model 3 are the Honda Accord, Ford F-150, and Jeep Wrangler, highlighting its popularity across consumer segments.
The West Coast continues to dominate EV sales at CarMax, with California maintaining its leadership position. EV popularity is growing on the East Coast, with states like Massachusetts, New York, and Maryland emerging on the top ten list of states with CarMax stores.
CarMax Public Relations Phone: (855) 887-2915 Email: PR@carmax.com
About CarMax
CarMax, the nation’s largest retailer of used autos, revolutionized the automotive retail industry by driving integrity, honesty and transparency in every interaction. The company offers a truly personalized experience with the option for customers to do as much, or as little, online and in-store as they want. During the fiscal year ended February 29, 2024, CarMax sold approximately 770,000 used vehicles and 550,000 wholesale vehicles at its auctions. In addition, CarMax Auto Finance originated more than $8 billion in receivables during fiscal 2024, adding to its more than $17 billion portfolio. CarMax has 245 store locations, nearly 30,000 associates, and is proud to have been recognized for 20 consecutive years as one of the Fortune 100 Best Companies to Work For®. CarMax is committed to making a positive impact on people, communities and the environment. Learn more in the 2023 Responsibility Report. For more information, visit www.carmax.com.
we always knew there had to be a better way to buy used cars. one that would make the process easy and fun. so we created carmax, and we've been changing the way america buys cars since we opened our first store in richmond, virginia in 1993. through hard work and dedication, we've grown from that one store in richmond to more than 150 stores across the country. we are selling almost 600,000 vehicles a year. and the news is buzzing with stories about carmax, the experience we offer our customers, and the work environment we provide for our associates. in fact, we know our associates are fundamental to our success and are the key to our future growth. in fact, carmax is listed on the fortune® 500 list, and we've been named one of fortune's "100 best companies to work for" 11 years running. we're also named as one of training magazine's top training 125 year after year. in 2015, we were also recognized by great place to work® and fortune as one of the 50 best workplaces for diversity
