🚨 Carmax is in BIG TROUBLE! 🚨
In their latest earnings call, Carmax's stock price TANKED, and for a good reason! 📉
Here's what you'll learn in this video:
Carmax's Shocking Decline: Their annual net income for 2022 was $1.15 billion, but by 2023, it plummeted to $0.485 billion – a 57% decline! 😱
The No-Haggle Dilemma: Carmax's fixed-price policy is backfiring big time. Discover why their no-negotiation strategy is driving away customers.
Overpriced Inventory: We'll cross-shop Carmax's listings like the Toyota Tacoma, Subaru Forester, and Tesla Model Y against other sellers to show just how overpriced Carmax's cars are. 🚗💰
Decreasing Vehicle Purchases: Carmax's purchase of vehicles from consumers dropped by 11%. See how this decline is part of a bigger trend that's hurting their business.
Rising Interest Rates: Learn how skyrocketing interest rates and increasing used car prices are making consumers hold onto their cars longer, avoiding Carmax's high prices.
Dealers Dumping Inventory: Discover the surprising increase in dealers offloading their cars to Carmax and what it means for the market.
Stagnant New Car Sales: New cars are languishing on dealer lots. We'll explore how this slowdown is creating a buyers' market for savvy shoppers.
📈 Don't miss out on these crucial insights and tips to navigate the current car market! If you're in the market for a new vehicle, this video is a MUST-WATCH to avoid overpaying and to make smarter buying decisions.
Smash that like button, subscribe, and turn on the notification bell! Check out these ideal vids right here! I'm Brad, this is Ideal, and promise me one thing: watch till the end to arm yourself with the knowledge to WIN as a car buyer! 🚗🔧💪
#idealcars #ideal #cars
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