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It's noon here in Venture City, New Jersey,
and our nation's capital, Washington, D.C.
And this is Car Edge Live for Thursday,
September 25th with your hosts,
me, Ray, here in Venture City, New Jersey,
and well, Zach, apparently in his apartment
in Washington, D.C., how are you today, handsome?
Do fantastic.
It's a rainy, dreary day here in D.C.
So decided not to head in to the office.
But folks, do we have a show in store for you?
We're gonna be talking about CarMax,
the latest quarterly earnings
from one of the largest car dealers in the whole world.
And wow, wow, wow.
Are there some cracks in that foundation?
That being said, today's show is brought to you
by caredge.com, buy a car without the headache.
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Dad, let's start here from CarMax.
Yes.
And I really wanna preface this with CarMax
has a 28% decline in profit, revenue down 6%.
This was on the heels of one of the largest
independent car dealers in the United States
recently going bankrupt, Tri-Color,
which we've been covering on this channel for a while now
in no way, shape or form, I'm suggesting here,
in the slightest that CarMax is going bankrupt.
No, no, no, no, no, no, no.
I'm simply connecting that we have profit down 28%
revenue down 6% at literally one of the two biggest
used car dealers in the land.
And we have recently seen in the news
another really large top 10 used car dealership group
go bankrupt.
There's some used car market reset happening
at the moment here, Dad.
Well, and not only did their income slide 28%,
their revenue was down 6%.
Their sales were down and just the level set,
they are the largest purveyor and seller
of pre-owned cars in the United States.
They sell retail-wise, I don't know, about 800,000
used cars a year, wholesale-wise maybe another 200,000
so they're trafficking in close to a million
vehicle sales a year.
And so for the largest used car retailer in the land
to be struggling to the degree that they are at the moment,
I think speaks volumes about where we were at
where we were at in the affordability crisis.
And Dad, you can dig into the sales data
but even more damning is actually the finance data.
So when you dig in, you see obviously the top line numbers
profits down, revenues down, and then you dig it
a little bit more and you see, okay, an actual total
number of sales that the largest used car dealer are down.
Well, look at this, Dad, CarMax auto-finance.
CarMax is smart.
They're just like Carvan and they're just like
all these other folks.
They have their own captive financing.
I'm gonna read this whole thing to you, okay?
I know it's a little bit long,
maybe I'll stop it a second,
but CAF, CarMax auto-finance, Dad.
Income decreased 11.2% to 102.6 million
as an increase in the provision for loan losses
outweighed growth in CAF's net interest margin percentage.
This quarter's provision for loan losses
was a staggering $142.2 million
compared to $112.6 million in the prior year's second quarter.
The provision for loan losses in the second quarter
of fiscal 2026 included an increase of 71.3 million.
And our estimate of lifetime losses on existing loans
primarily due to worsening performance among 2022
and 2023 vintages.
So the reason I bring this up, Dad,
is because the top level story is, sure,
CarMax profit down, CarMax revenue down.
The one layer deeper,
you peel back the onion a little bit,
there's sales, there are actual number of cars sold down.
You peel back the onion a little bit more.
They are starting to shake in their boots a little bit
in terms of the performance of their loans,
which is we know how they make most all of their money.
And it is a story we have been covering
across all aspects of this industry
for a long, long time now.
And again, I'm not saying CarMax has gone bankrupt,
not in the slightest,
but it does come on the heels of Tri-Color,
a very large, independent, large dealership group
going straight to chapter seven bankruptcy
because they screwed up in their operations.
It is a damning report here,
I think from CarMax on the state of the used car market
and the state of auto finance,
we talked about it yesterday,
just continuing to kick the can down the road.
Let's just keep writing more loans.
Let's just keep approving more people.
It's a scary, scary time.
Well, you know, in the case of Tri-Color,
you can't just make loans to the people that,
well, you don't have to prove income
and you don't have to have a social security number.
And I mean, yeah,
because what could possibly go wrong?
Let's keep asking this, yeah.
But when you talk about CarMax,
you know, they're an organization
that is more mainstream
when it comes to who they'll approve a loan for.
Now, when you look at their new loan loss provisions,
it indicates to me that they're looking back
at the loans they made in 2022 and 2023
and whatever criteria they used,
it was deficient
when it came to who they would approve a loan for.
And it turns out that more and more of those customers
who bought in those years
are having difficulty in making their payments.
Now, why is that?
Is it simply because,
well, they were higher credit risk people to begin with
or does it have something to do with the fact
that it takes more money today
who get by than it did three or four years ago?
Another reason that Dad could also be
those folks that bought used cars
because that's all you can buy from CarMax
are maybe facing larger and larger repair bills
and are ultimately looking at this car and saying,
okay, you know what, never mind,
I'm done paying off that auto loan.
Dad, I wanna share a few more data points here
from CarMax, then obviously we are gonna touch into
the latest data we have on repair costs.
Look at this.
As of August 31st, 2025, the allowance for loan losses
was 507.3 million.
This is 3.02% of all the auto loans held for investment
up from 2.76% as of May 31st.
So that is CarMax coming out to the public markets
and saying, hey, we have deteriorating performance
in terms of our auto loans.
That being said, the way that these companies make money
is they do not see these loans to fruition.
What they do is they sell them as securitization,
securitized asset-backed securities.
Subsequent to the end of the second quarter
on September 24th, 2025,
we executed our second non-prime securitization transaction,
this calendar year.
This was upsized to $900 million in total notes.
And for the first time include the sale
of most of the residual financial interest
in the transaction to a third party investor,
thus resulting in off-balance sheet treatment,
we expect to gain on the sale approximately 25 to 30 million
in third quarter income.
So you think about that for a second, folks.
Just put all these pieces together for a moment.
The only reason we have loan loss provisions
that is because after the financial crisis,
the federal government Dodd-Frank came in and said,
every single quarter, if you're a financial institution,
if you do lending, you now have to set aside money
for loans you no longer think you're going to come do.
So we've been getting that data for years.
What these companies do, however,
is they just hand the bag off to someone else.
They wrote the loan, they saw it mature a little bit.
In this case, they upsized to a $900 million transaction
so that they could net out their $30 million in profit.
CarMax doesn't care if those people pay off their auto loans.
They sold that bundle of auto loans to other people,
but every quarter, because of Dodd-Frank,
they do have to report to us their expectations
and their expectations are getting worse
at the same time that sales are going down,
at the same time that profit's going down,
at the same time that revenue's going down.
Whoa.
Yeah, I guess somebody else gets to hold the bag
for the bad loans.
I get it, but it really, at least the point in my mind,
when we see what happened to tricolor,
when we see some of the difficulties
that CarMax is reporting, it indicates to me
that the affordability crisis is probably
a little bit deeper than what anybody wants to admit.
It has become harder and harder for average Americans
to be able to afford an automobile.
They were used, whether they're financing it or not.
Why?
Well, the average used car payment today is $550, okay?
For 70 months.
The average new car payment today is $765.
That's before we even talk about automobile insurance
and when you have a loan,
one of the things you're guaranteeing
the lending institution is that you will keep full coverage
insurance on your automobile or truck, whatever it may be.
And well, the cost of automobile insurance
has gone up about 20 to 25% over the past couple of years.
You just showed a headline a minute ago
about the cost of maintenance.
Over repairs, yeah.
And maintenance and repairs for vehicles.
So that has gone up dramatically.
At what point does everybody just throw their hands
into the air and go, everything's too damn high
and I can't take it anymore, okay?
I can't pay for it, I can't afford it
between the rent for my apartment,
between the cost of the food for my family,
between the cost of the loan for the car
and the insurance and the maintenance and the repairs.
I don't have enough money to go around.
And that to me is the bigger takeaway from this.
It's impacting a greater portion of the population
than we thought.
Yeah, that's been my opinion.
I think you're spot on and it's why.
To be very clear, we're offering a promo right now.
If you are in the market, you're part of our community.
We wanna help you save money.
We wanna help you make sure that you're not overpaying
and obviously, we'll cut our profit margin back in car edge
land to help our community out.
We've got the 20% off promo going right now.
So, Dad.
Yes.
We did bring it up again.
I'm gonna pull it back up on the screen.
Car parts, labor and tech complexity,
drive repair bills above $4,700.
So, Dad, this comes from CCC Intelligent Solutions.
Okay.
And they're looking at parts prices,
which have finally started to go up
and the average total cost of a repair.
Yeah.
Which exceeded $4,730 in 2024.
Look at the repair.
Total repairs, all repairs.
Wow.
Isn't that nuts?
Well, that's a lot of money.
It's a ton of money, man.
It's a ton of money and they get into it here.
Part of why we're seeing these prices go up so much,
down here, you've got more technology,
diagnostics and calibrations and all sorts of computers
and things like that.
I mean, it's taking longer for vehicles to get repaired
and there's more complexity when these vehicles
get repaired and it's costing more.
So, that's a huge factor to all of this,
especially if you're a used car buyer
and a used car seller or spent and it's more
a higher cost of ownership.
And the worst part of it is that we know
that the vast majority of Americans
don't have $1,000 to get their hands on
in case of an emergency.
Well, I don't know, I would say if they suddenly
come across a needed repair for their vehicle,
that's $4,730 and they certainly won't have
the money for that.
Perhaps they'll still have enough limit
left on their credit cards to be able
to put it on a credit card.
Oh, man, affordability crisis showing up in other areas,
the price of the used cars that they're trying to sell,
which is why they're selling fewer,
the interest rates, the repairs, the insurance,
it's the full spectrum that's really
screwing the consumer right now.
It is not a good time to be a buyer of most things.
Because I see it when I go to the grocery store,
I don't like to go too far down that path.
But everything has gone up in price.
And so when it becomes harder to be able
to take care of all your living needs,
food, shelter, automotive, what are people supposed to?
And there's, well, here in our country,
we put as much of it on debt as we possibly can.
And then, once you're making your minimum payments,
you're never really paying off that debt.
Let's keep it moving, Pops.
There's another big story that ties into this as well.
Bosch, cutting 13,000 jobs
to try and maintain profitability and sustainability
in this market.
Bosch obviously creating tons of components
that go into vehicles.
This I thought was a huge headline,
especially in light of what we talked about the other day,
Dad, with Solantis shutting down plans
and all sorts of vehicles being discontinued.
I mean, this is another sign of the car market
being in a not-so-great shape.
And it's not just the car market.
It's the entire industry.
It is not just the manufacturer of the vehicles.
It is the suppliers who supply the parts
to the manufacturers to be able to build the vehicles.
They're all trying to navigate higher costs
and lower profit margins.
And it has become increasingly difficult for them to do it.
And one of the ways that they're trying to survive
is you're looking at this.
Bosch is cutting 13,000 jobs.
Nissan is closing seven of their manufacturing facilities.
You see it everywhere.
You know, Solantis is furloughing some of their manufacturing,
postponing some of it, delaying some of it.
Even Carmac said that they are searching for ways
to find $150 million in savings.
God bless them.
I hope they can find it.
I don't know how.
But you know, that's a staggering number.
And so as we start seeing more and more job cuts
and things like that,
it's only going to exacerbate the situation as we know it
because there'll be more and more people
who are going to find it increasingly impossible
to meet their obligations.
There's, what do we do?
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Another headline this morning, replacement auto parts firm,
first brands for pairs for Chapter 11 bankruptcy filing.
I mean, we're not cherry picking.
I mean, these are the headlines.
These are the realities of what's going on globally
for the auto industry.
And all signs point to cracks in that foundation.
But at the end of the day,
I guess if we can get people to prove for auto loans,
maybe the merry-go-round will keep going around.
But the problem is it's going to become harder
and harder and harder.
And the reason it's going to become harder
to approve those people for auto loans
is because most of those people are already overextended
with their existing credit,
whether it be their credit cards
or whether it be that their rent increased, whatever it is.
So as more and more people fall behind,
whether it be paying their credit card,
whether it be paying their utility bills,
whatever it may be,
it is going to become increasingly harder
for banks to be able to approve some of these people
for auto loans to keep that merry-go-round going around.
It is a sad reality that in many cases
we don't want to recognize.
We want to pretend that it's okay
that there'll be enough people out there
that'll be able to keep this going
when, in fact, that might not necessarily be the case.
Yeah, absolutely.
Okay, Dad, let's take a quick breather
from that storyline.
We had an interesting headline in automotive news,
Brother versus Brother.
In Laws 2 to Alleging Financial,
Ms. Khanda got a dealership.
What is going on here, Dad?
Well, you know, one brother wants a little more money
than the other brother, even though they both control
50% of the business.
And, you know, sometimes...
This is like hard dealership reality 101, isn't it?
Oh, my God, it is, it is.
It's kind of sad in the sense that, you know,
these are brothers, you know,
this is a family business,
fourth-generation family business
where one brother is alleging
that the other brother is withholding income
to the first brother,
has been showering gifts and salaries
onto his family members, not necessarily his brother, though,
and, you know, spending unwisely.
And they had come to some type of agreement,
a settlement where the one brother was going
to pay the other brother like $8.5 million
and buy him out of the business.
He hasn't given him any money,
so it's just kind of sad to watch, you know,
family members fight this out.
This is not uncommon in the auto industry.
I'm thinking Dad of Dark Cars,
which is relatively close to where I live here in Washington.
Absolutely, yeah.
Out in Maryland.
The Darvish family, I mean,
I think if I'm not mistaken,
wasn't it like the daughter of the owner?
Yeah, Tamara, I think her name was.
Yeah, they forced her out.
They forced her out?
Yeah, yeah, she was like, she was like me.
She was the spokesperson for the family and for the group.
She was primarily the face of the franchise,
probably because she was a woman
and she looked better than her brothers.
And, you know, but her father said,
nah, you know, we love you, but I love my sons more.
And they literally forced her out of the business.
And so this is a little bit of what happens
in the car business.
There's a lot of like family dynamics,
typically some nepotism, yeah.
There are any number of children of dealer principles
that have a high paying jobs within dealerships
and upper management positions within dealerships,
not because they've earned them,
simply because the owner said,
well, you know, the fruit doesn't fall far from the tree.
This kid's got to be good.
And in so many cases, the kids don't want to do it.
They would, you know, if you want to just give me the money,
give me the money, but it is not uncommon
in the automobile industry for sons and daughters
to end up in high paying,
high, high important positions within dealerships
that have realistically no reason to be there.
And then you get your headline in automotive news
about lawsuits and things like that.
One more story for today, dad.
This comes from LinkedIn.
Yes.
It actually is a post-fri a dealer over there.
I'm going to read it out.
This is from Andy Wright.
I've been writing about this issue.
This is from yesterday.
I've been writing about this issue
for almost three years now.
I can't believe it's almost Q4 of 2025.
And we still have no proactive solution in place
on the large third party classified listing sites
like car gurus, cars commerce, car facts
and auto trader US to police deceptive pricing tactics
by dealers trying to gain the system.
In doing so, they are not only deceiving retail customers
but they are also compromising the data
that everyone in our industry uses
to appraise market and merchandise inventory
within software systems
that many of the same third party
classified listings platforms own.
It's mind boggling to me
that the aforementioned companies
continue to refuse to take proactive action
to police this stuff on the platforms they manage
in either brand or D platform dealers
that engage in these practices.
It's time that the leaders of these companies
take responsibility and do the right thing
but one can only imagine that they will not
because it might mean losing the monthly revenue
from dealers that leave their respective platforms
because they can no longer gain the system
and deceive people.
Where is accountability
from the big third party listing companies?
And you can see here,
we've got an example from Andy.
Steelers advertising a $39,799 2021 BMW 3 series
and it's a fair deal
but it doesn't include the $799
catalytic converter etching,
the door edge guards and cup guards for $395
and appearance package for $1,495, et cetera, et cetera.
Et cetera.
Now, Deb, the reason I bring this up in part
is because I think it's a great point
and also I'm in here commenting
about what that we're doing.
So I commented.
I said, we are so close to car edge
to have a solution in market.
Our AI agents are receiving thousands of out the door quotes
each month and more organizing and compiling the data
to show users which dealers add fees
and add-ons to their online advertised price.
Having to show you a demo, Andy,
I appreciate you continuing to beat this drum.
It's important no one wins in the current paradigm.
And dad, I was the load away by this response.
I saw that.
Yeah.
Zach Shefska, this is from a man named Ryan.
You are running AI agents to dealers
every month to get quotes from them.
Do you care about the fact that you are wasted
the time of the salespeople?
The sales reps that are engaging with your AI bots.
And I replied, where was it?
Wait for it.
I guess this all gets.
How do I not see my reply?
Wow.
It looks like my reply got taken away.
I doubt it.
Do you see it here?
No.
Did they remove my reply?
I don't know, but what was your reply?
Oh, there it is, right there.
Okay.
Customers pay us $40 to access the agent.
The only reason they are paying that
is because they are highly intentioned
and want to buy a car.
Our third party listings program has 42% 90 day sales rates.
Our audience is uniquely high intentioned
if you're mistaken, Ryan.
To which he said, I don't think you actually
answered the question.
Customers pay you $40, they can run multiple AI bots
across multiple dealerships at once.
How does that not waste the time
of the salespeople at the stores?
So two things going on here, dad,
that I want to bring up.
One is, I freaking love Andy Wright.
He's been beating this drum for years.
Yes.
He's been saying, hey, car gurus, cars, commerce, car facts.
You guys don't actually provide a solution
to consumers or to dealers.
You allow bait and switch pricing.
And we at CarEdge obviously want to eliminate that,
abolish that, and the way that we've come
without delivering that is using AI agents
to reach out to dealers on behalf of customers,
get OTDs, organize them, and then flag dealers
who do add-ons, bait and switch, things like that.
That is coming through.
Yeah.
Then there's this principle debate from this man, Ryan.
Isn't it unethical or immoral to have AI agents
contacting dealers?
Isn't that wasting dealership?
Well, I think what Ryan is suggesting is that,
the customer really should be the one
that has the waste their time doing it, not the AI agent.
And realistically, Ryan is suggesting
that because customers can use this AI agent bot
to negotiate on their behalf with more than one dealership
that we're wasting salespeople's time.
Not really.
Perhaps maybe the salesperson would actually answer
the original email with the information
that is requested.
It's not even that, though.
It's anybody's time.
It's not even that.
It's not even that.
Sorry, man, sorry to cut off.
What is the way to get the best deal in today's market?
You contact a dozen dealers.
You ask them for an OTD quote, you negotiate.
Who cares if you're using an AI agent to do that
or you're doing that?
It doesn't matter.
It's the tactic is still the tactic.
So I don't even care.
I don't care about anything.
It's like, that's the way to get the best car deal.
We made it so that a user can click a button and do that
instead of having to spend, I don't know,
two or three hours going back and forth with each dealer.
Like, it's just black and white here.
And so the idea that it's wasting a salesperson's time
is the equivalent of saying
when a customer reaches out on their behalf,
they're still contacting 10 dealers.
Who cares?
Well, my point is when you listen to Ryan's argument,
Ryan's argument is basically saying,
hey, we like the status quo.
The people's time that's going to be wasted
are the customers who are trying to buy the vehicle
because that's the way we want it to be.
We would much rather waste the customer's time
than have the customer waste our time.
Well, I've got a great idea.
How about we find a compromise
that doesn't waste anybody's time?
Maybe it's time to pull the automobile industry
kicking and screaming into the 21st century
and realize that you need the customer
more than the customer needs you.
There's two huge things here.
One is sooner rather than later,
we are going to make it so that car edge
provides all the data.
You know, if you're car gurus,
hi car gurus, if you want to work with us, you can.
We'll give you an API to access dealer add-on data.
You want to be able to address Andy's point here?
You don't, the customer doesn't even have
to come to caredge.com.
We'll sell that data.
You want to know it?
We'll sell it to you.
Put it on car gurus, put it on car facts,
put it on cars, commerce.
I want everyone and their brother
to have access to that information
to finally level the playing field.
And the AI agents give us that data in an organized way
in a database that we can then leverage, right?
So that's one.
Two is the tactic is you contact multiple dealers,
you get the best price.
Who cares if it's a human being doing it
or an AI agent doing it?
And quite frankly, a customer spending 40 or 50 or 100
or a thousand bucks to get access to tools
to help them buy a car,
how much more of a highly qualified customer lead?
Lead, do you need?
Get out of here, man.
Come on.
Like this is so good for the industry, so good.
And to your point, I think it's gonna happen
with some dealers embracing it, dealers like Andy
and other folks out there kicking and screaming
saying, no, this is the worst thing
that could possibly happen.
No, the future is more efficient.
The future is way more tech enabled
and the future is way less opaque
and much more transparent.
And I'm seeing through this fight that,
well, we're probably not gonna get invited
to any automotive news things
where they want us interacting with those in the industry.
We're gonna be there, we're gonna be there
because if you're pissing people off,
you're doing things right.
And there's also gonna be people
that evangelize the work that we're doing that
because it finally solves the root problem,
which Andy's right, those companies aren't going to do
because they're gonna lose their subscription revenue
and they're publicly traded.
They have to every single quarter go out there
and say, we're making more money.
No, CarEdge is the only company that's positioned
to actually do this and it fires me out.
Well, I am so glad you're fired up.
When are you gonna take that bike down off the wall
and ride it somewhere with all that energy you have today?
Ride it all the time, that it's rainy here today,
isn't it?
Oh, okay, well then don't do it today.
Anyway, I thought that was super interesting y'all.
So I wanted to share it and I'll go back
and reread some of the comments
that came through during that time.
And if you are interested you can use our AI negotiator,
just go to caredge.com
and you can get access to it from the CarEdge car search
or just go to caredge.com slash AI.
And again, surfacing and providing all this data
that we're getting on who adds add-ons,
how much they charge dock fees, hiding fees
from advertised price to OTT, that will all be coming soon.
And quite frankly, I really do hope
that those big players in the space
have a relationship with us someday
and on each listing, it should have
like the CarEdge scorecard or the CarEdge report card
and it shows, hey, this dealer's known
to actually increase their prices by 12%
when you actually get the out the door price
because they add fees, they add add-ons.
That's good data.
We wanna get that in as many people's hands as possible.
Yeah, that's the type of data that consumers can use.
When you can compare two local Honda dealers
and you see one has $3,000 worth
of mandatory accessories that you need to buy
and the other has zero.
But the one that has zero usually has a higher listed price
but there is gonna be zero additions,
I'm going to the one that has zero additions.
And that's how that information can be
significantly important to the customers out there.
Oh, it's coming folks.
It is coming from Rich.
Thank you, Rich, really appreciate
the very kind contributions.
Found Zach's manual transmission learner,
the Hennessey F5 Hypercar.
Over 2,000 horsepower and a frugal $3 million price.
You know, may I say that I think it was Tuesday,
I went and got my car serviced
and I found the perfect learner
and it was a six speed manual transmission
from Mazda Miata 5.
Rag top, beautiful car, love it.
What, it's a $3 million price point?
I think it was 33,000, maybe 35,000.
Beautiful two-seater, lovely color
and I thought to myself, you know,
I could get in there with Zach to help teach him.
I just may never get out because it's so loaded
but oh, that would be such a fun car
for you to learn on.
Yeah, I think that would be a potential.
Well, thank you, Rich, for the kind contribution.
Hey, I just want to call out folks,
if you work professionally, whatever,
if you're on LinkedIn, come follow me over on LinkedIn
and endorse the stuff that we're doing over here.
Like that comment that I just shared.
Let's have our voices be heard here.
Remember, the CARS Act was supposed to help
with a lot of this, but obviously,
that's not coming to fruition.
So it's going to have to take companies
in the private sector or public sector.
It's going to have to take like a company
to figure it out, not the federal government.
So please, if you're not following me
or engaged with me over on LinkedIn,
I would really appreciate it,
especially as we go more and more public
with commentary like this.
And again, a huge shout out and thanks to Andy
for starting the conversation,
but it's really important that the auto industry knows
we're here and we're changing this paradigm
and we are going to deliver.
Whether people like it or not, I don't know,
but we're going to deliver
because it fulfills our mission
and what we're passionate about.
Absolutely.
Well said, young man.
Okay, folks, that's a show.
We'll be back tomorrow for another one
of CarEdge Live, a Friday edition.
So that should be quite fun.
I'm going to eat some lunch and get back to work then.
You know, I was just thinking the same thing,
except for the get back to work part.
But I was thinking...
Okay.
I'm going to eat some lunch, yes.
Love it.
All right, well, enjoy that.
Thank you everyone for tuning in
and we'll catch you back here tomorrow.
Yep, have a great Thursday, everybody.
We'll see you tomorrow at noon Eastern 9 Pacific.
Thanks for being here today, guys.
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About this episode
CarMax's recent quarterly earnings reveal significant declines in profit and revenue, signaling potential instability in the used car market. With a 28% drop in profit and a 6% decrease in revenue, the discussion highlights concerns about the affordability crisis affecting consumers. The hosts connect these trends to broader issues in auto financing, including rising loan loss provisions and increasing repair costs. Additionally, they touch on industry-wide job cuts and the implications for both dealers and consumers, emphasizing the need for transparency in auto sales.
Today on CarEdge Live, Ray and Zach discuss the latest news from CarMax. Tune in to learn more! Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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