CarMax reports Q4 total retail used units sold decreased 12.6%

Retail used unit sales declined 12.6% in the fourth quarter, and comparable store used unit sales declined 14.1%; wholesale units declined 19.3% in the fourth quarter. Bought 262,000 vehicles from consumers and dealers, down 22.5% versus last year’s record fourth quarter and sequentially up 10.1% from this year’s third quarter. CarMax’s share of the nationwide age 0-10 year old used vehicle market remained at 4.0% in calendar year 2022. Gains in the first half of the year were offset in the back half, reflecting our focus on achieving profitable market share gains.