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Baby Boomers favor foreign used cars

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When it comes to coming used cars, Baby Boomers favor foreign over domestic.

CarMax this week published its inaugural CarMax Used Car Shopping Report and it shows foreign makes -- led by the Toyota Camry - represented eight of the top 10 used vehicles sold to Boomers in fiscal year 2014.

Here are the Top 10 used car sales among Baby Boomers:

  1. Toyota Camry
  2. Nissan Altima
  3. Ford Escape
  4. Ford F150
  5. Honda Accord
  6. Toyota RAV4
  7. Honda CR-V
  8. Toyota Corolla
  9. Honda Civic
  10. Hyundai Sonata

CarMax says that Baby Boomers are more likely than any other age group to buy (and test drive) foreign cars.

Now, compare those findings with the overall population. Here are the Top 10 used cars purchased:

  1. Nissan Altima
  2. Toyota Camry
  3. Chevrolet Malibu
  4. Honda Accord
  5. Honda Civic
  6. Ford F150
  7. Hyundai Sonata
  8. Ford Escape
  9. Toyota Carolla
  10. Chevrolet Impala

Ford is a popular manufacturer among both Millennials (ages 18 to 33) and Generation X (ages 34 to 49).

CarMax said the Toyota Camry and the Honda Accord revealed themselves to be “everyman” vehicles, transcending all generations. Both models ranked in the top five for sales in every age group last year.

“The hardest part about buying a car is finding the right one for you – no matter your age,” said Cliff Wood, executive vice president of stores at CarMax.

CarMax, a member of the FORTUNE 500 and the S&P 500, and one of the FORTUNE “100 Best Companies to Work For” for 10 consecutive years, is the nation’s largest retailer of used vehicles. Headquartered in Richmond, Va., CarMax currently operates 135 superstores in 67 markets.



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