CarMax Just SHOCKED The Auto Industry

Comments · 253

• MO

  @moreanimals6889 · 7 days ago

  Healthcare is broken, insurance is broken, the car industry is broken...I'm trying to think of an industry that isn't broken...

  39

• JU

  @Justkevin377 · 7 days ago

  Carmax should be giving the strong MaxCare warrranty for free on those cars at these prices and then cars would be flying off the Carmax lot.

  10

• RO

  @robertrandall8381 · 8 days ago

  If it  Continues we are going to end up like Cuba driving old cars it's already happening average age of a car on the road is around 14 years

  62

• TE

  @teddyupshaw6838 · 7 days ago (edited)

  New cars is too high 60,000 and 70,000 for a 4 cylinders😢

  10

• TH

  @TheManhu01 · 7 days ago

  The reason why leasing has gone down is because of majority of Americans do not have enough disposable cash on hand to put down what is required by most of the Big dealerships for their leasing programs.

  3

• ES

  @eseir64 · 7 days ago

  I traded in my two cars for another two pre-owned vehicles this month, and I got great deals on both.  I went to Carmax for an appraisal, and both dealers matched  Carmax.  I used them as leverage. If you are trading in a car, you are also getting a lot more money for your trade. The key to everything is hto ave good credit so you do not get hosed

  3

• HI

  @hitsdifferent123 · 7 days ago

  The TAM (total available market) of buyers has shrunk dramatically due to all the predatory lending where people have either learned their lesson, had their credit ruined, be repo'd, or interest rates have kept them out of the market. All the negative equity and extended length loans have wrecked the industry. And car prices keep going up while the TAM is in a freefall. This reminds me of the check cashing scams of the early 2000's. Now they are cracking down on lenders and dealers only further squeezing things... and the manufacturers aren't dropping prices as it appears we are likely headed for another bailout in the next few years. I think this time we should let worst (i.e. GM, Stellantis, etc.) go out of business.

  9

• MA

  @marktuyet · 7 days ago

  It was a lot better back when you could easily buy used cars advertised in the local news paper from your neighbor.

  19

• FE

  @felinespirits · 8 days ago

  Two years ago, I bought a 2016 Rav4 at a local dealer. This week I got a postcard from the same dealer saying they could really use a 2016 Rav4 (or similar) and to call them because they will offer me above market value for the car.  Bizarre.

  6

• UO

  @uo2230 · 6 days ago

  Sadly in 21 my 99 yr old Dad passed. At that time i decided to keep his 20 yr old Accord EX which was always garaged and in great shape. I sold my problematic 15 VW which was a wise car decision. The Accord has been great. In 21 I figured it was worth 3k maybe 4 due to shape but it had 100k. It's worth more today there's no way I could replace a car in this good of shape for 5k or even 7k.

  1

• NI

  @nickfleming4757 · 7 days ago

  I just bought a 2023 Tacoma TRD pro with premium package with 35000 miles for 39k from carmax. A new one exactly the same is 54k. I couldn’t justify 15k more and at least the Tacoma has one of the best resale values of all cars.

  1

• GO

  @GordonCampbell1951 · 7 days ago

  People stop paying the high prices . It’s the people stupid who are paying these crazy prices for used vehicles . When did we become so dumb ????

  11