InvestorsHub Logo
Followers 605
Posts 18331
Boards Moderated 0
Alias Born 02/23/2010

Re: None

Thursday, 03/03/2011 1:16:55 PM

Thursday, March 03, 2011 1:16:55 PM

Post# of 43903
Regarding the used car market

http://en.wikipedia.org/wiki/Used_car

40M+ used cars sold/year in the U.S. vs. only 10M new (in 2010).

EVCA will be selling used hybrids as its main revenue stream for a few years according the COO.

Currently, hybrids are 3% of the new car market, or roughly 300k cars/year.

This will surely translate into 3% of the used market too, or roughly 1.2M cars/year.

On Carmax's website, used hybrids average about 17K/car.

That puts the used hybrid market potential at $20B USD annually, so this is the market EVCA is getting into.

Used cars are the largest segment of the retail American economy valued at $370B total, unreal.

If EVCA can get only 1% of the used hybrid market, that is 12,000 cars sold/year and 200M in rev, and that is just from used hybrids.

You guys starting to understand the potential that is there? This is why they WILL get funded ASAP.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.