Is CarMax Inventory The Canary In The Coalmine Of The Slumping Auto Industry?

Many punters have been saying the auto loan industry now is the equivalent of the housing loan industry of 2006-7.

And there is growing evidence it’s falling over the edge. This question gets to the heart of the matter:

To better understand the effect, we need to put ourselves in the shoes of the consumer.

What would you prefer to buy… a used 2016 Malibu with 24k miles for $19,599 or a new 2017 Malibu for $18,242?

End of quote.

This article is worth a read.

Watch this space.


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