Maybe Scout could contract with Carmax at a flat rate for consumer delivery of the Scouts? A wholesale or fleet rate flat fee?
Scout & Carmax could profit from finance, used car trade-ins and subsequent sales, etc.
Scout would have immediate access to over 253 Carmax locations and the infrastucture, etc.
CarMax's gross profit per retail used vehicle generally hovers around $2,300, while their gross profit per wholesale unit is around $1,000. (A.I.)
Performance Summary
CarMax's latest twelve months gross profit margin is 12.2%
How does CarMax's Gross Profit Margin benchmark against competitors?
CarMax Gross Profit Margin Benchmarks
Name Ticker Gross Profit Margin
CarMax Inc NYSE:KMX 12.2%
Lithia Motors Inc NYSE:LAD 15.4%
Sonic Automotive Inc NYSE:SAH 15.4%
Group 1 Automotive Inc NYSE:GPI 16.3%
Penske Automotive NYSEAG 16.5%
Asbury Automotive NYSE:ABG 17.2%
AutoNation Inc NYSE:AN 17.9%
Easier said than done, but we need to devise a plan to circumvent the NADA & dealers. LoL!!!
Okay, if not Carmax, then how about a Scout EV multi-state buying cooperative or non-profit to facilitate the sale to consumers.?
Scout & Carmax could profit from finance, used car trade-ins and subsequent sales, etc.
Scout would have immediate access to over 253 Carmax locations and the infrastucture, etc.
CarMax's gross profit per retail used vehicle generally hovers around $2,300, while their gross profit per wholesale unit is around $1,000. (A.I.)
Performance Summary
CarMax's latest twelve months gross profit margin is 12.2%
How does CarMax's Gross Profit Margin benchmark against competitors?
CarMax Gross Profit Margin Benchmarks
Name Ticker Gross Profit Margin
CarMax Inc NYSE:KMX 12.2%
Lithia Motors Inc NYSE:LAD 15.4%
Sonic Automotive Inc NYSE:SAH 15.4%
Group 1 Automotive Inc NYSE:GPI 16.3%
Penske Automotive NYSEAG 16.5%
Asbury Automotive NYSE:ABG 17.2%
AutoNation Inc NYSE:AN 17.9%
Easier said than done, but we need to devise a plan to circumvent the NADA & dealers. LoL!!!
Okay, if not Carmax, then how about a Scout EV multi-state buying cooperative or non-profit to facilitate the sale to consumers.?