CarMax: Click-and-Mortar™ Vehicle Buying Is on the Rise

These young consumers are the ones who are especially likely to be saving up to buy vehicles. The April installment of the same series, "Why 60 Percent of Gen Z's Live Paycheck to Paycheck," which drew from a survey of more than 3,400 U.S. consumers, found that 11% of Gen Z consumers cite buying a car as their top financial goal. Notably, CarMax highlighted year-over-year price declines, with average retail selling price per unit dropping by around $700. Nash noted that consumers have been buying older used ...