CarMax 2008 Annual Report Download - page 2

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THE CARMAX EXPERIENCE
AT THE END OF FISCAL 2008,WE HAD 89 USED CAR
SUPERSTORES IN 41 U.S. MARKETS.THESE MARKETS REPRESENT A LITTLE MORE THAN 40% OF THE POPULATION.
WE PLAN TO GROW OUR STORE BASE BY APPROXIMATELY 15% ANNUALLY, INCLUDING OPENING STORES IN NEW
MARKETS AND ADDING STORES TO UNDER-SERVED TRADE AREAS IN EXISTING MARKETS. BY FOCUSING ON USED
CARS,CARMAX CAN GROW ORGANICALLY, UNRESTRAINED BY FRANCHISE LAWS OR MANUFACTURER RESTRICTIONS.
THE AVERAGE CARMAX SUPERSTORE HAS BETWEEN
300 AND 400 VEHICLES IN INVENTORY AND SELLS APPROXIMATELY
420 CARS PER MONTH, WHICH IS MORE THAN 8 TIMES THE NUMBER
OF USED CARS SOLD BY THE AVERAGE FRANCHISED DEALER.