CarMax Reports Increased Online Searches for Hybrid and Diesel Vehicles as Consumers Hit the Road This Summer

Mon Jul 13, 2009 12:05pm EDT
 
[-] Text [+]
RICHMOND, Va.--(Business Wire)--
CarMax, Inc. (NYSE: KMX), the nation`s largest retailer of used cars, reports
that searches on carmax.com for hybrid vehicles has risen four percent in June
over May while diesel vehicle searches rose seven percent over the same time
period. Visits to the Fuel Economy section of carmax.com have risen 17 percent
over May as consumers look for ways to improve their gas mileage. 

Searches on carmax.com for hybrid vehicles have continued to rise for the past
several months and are up four percent in June and nine percent since March.
Popular hybrid vehicles on carmax.com include the Toyota Prius, Lexus RX400h and
the Honda Civic hybrid. Hybrids combine a gasoline engine with an electric motor
powered by batteries. The electric motor helps increase the engine`s fuel
efficiency. 

June searches for diesel-powered vehicles rose seven percent and are up 12
percent over March figures. Popular diesel vehicles include the Ford F350, Dodge
Ram 3500 and the Volkswagen Jetta TDI. Currently marketed as "clean diesel,"
these cars and trucks are often more fuel-efficient than the majority of other
vehicles on the road. 

The fuel economy section of carmax.com includes important information for
customers who are interested in learning which are the most fuel-efficient cars
as well as an MPG savings calculator. Customers interested in trading in their
cars for a more fuel-efficient model can visit CarMax for a free appraisal.
CarMax will provide a free written offer good for seven days without requiring a
purchase. 

"Online searches for hybrids and diesels indicate that customers are searching
the CarMax inventory for the vehicles that have historically offered the best
gas mileage," said Ann Yauger, director of carmax.com. "Visitors to carmax.com
can make use of flexible search criteria when looking for their next car.
Whether it`s searching by MPG, model, price or specific feature, carmax.com
makes it easy to find the perfect car." 

The CarMax website can be used to research information on new and used cars,
including hybrids and diesels of various makes and models. The website showcases
vehicles with multiple photos, the no-haggle price, and information on features,
options, fuel economy and customer reviews. 

About CarMax

CarMax, a FORTUNE 500 company and one of the FORTUNE2009 "100 Best Companies to
Work For," is the nation`s largest retailer of used cars. Headquartered in
Richmond, Va., CarMax currently operates 100 used car superstores in 46 markets.
The CarMax consumer offer provides our customers the opportunity to shop for
vehicles the way they shop for items at other national retailers, and it is
structured around four customer benefits: low, no-haggle prices; a broad
selection; high quality vehicles; and customer-friendly service. During the
twelve months ended February 28, 2009, the company retailed 345,465 used
vehicles and sold 194,081 wholesale vehicles at its in-store auctions. For more
information, access the CarMax website at http://www.carmax.com. 





CarMax, Inc.
Media Contacts
Trina Lee, Public Relations Director, (804) 747-0422, ext. 4197
or
Chris Wilmore, Asst. Public Relations Manager, (804) 747-0422, ext. 4773
Twitter: @CarMaxInc



Copyright Business Wire 2009

 

Featured Broker sponsored link

Editor's Choice

A selection of our best photos from the past 24 hours.  Slideshow 

Most Popular on Reuters

  • Articles
  • Video