The CarMax Collapse Exposes What’s Coming for the Entire Credit System
The CarMax Collapse Exposes What’s Coming for the Entire Credit System
Transcript
CarMax fired its CEO on Thursday after it disclosed some pretty grim results in exactly the territory that we've been focusing on with private credit, subprime autos, and all of that stuff. What CarMax said is they expect that unit sales, not even revenues, but unit sales to be down 8 to 12% in the current quarter after telling us just a couple of ... Read More
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