The Future of Used Car Markets: Carmax Earnings Report Analysis

The speaker discusses the current strength of the used car market, predicting a crash by the end of the year. They highlight potential factors to watch for, such as Carvana and CarMax engaging in mass auctions, which could impact their profitability. The speaker expresses concern that CarMax is likely to have a challenging year ahead. Overall, the speaker anticipates significant changes in the used car market in the near future. #vizard

[nickhemmers]

I would like cheaper cars since a volvo v70 t5 from 1998 is like 5k right now