Carmax Profits Fall

Is It A Good Deal ?
Carmax Profits Fall

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20th April 2008

posted in Carmax |

Carmax recently reported a fourth quarter 48% drop in profits. Carmax also estimates an average profit of $2500/car, which means if you do some work you can find a car for cheaper than what Carmax is selling it for. Trust me I’ve been in the car business for many, many years and I know the margins on cars and Carmax is definitely on the top end.

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This entry was posted on Sunday, April 20th, 2008 at 3:46 am and is filed under Carmax. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

There are currently 3 responses to “Carmax Profits Fall”

Why not let us know what you think by adding your own comment! Your opinion is as valid as anyone elses, so come on... let us know what you think.

1 On April 20th, 2008, Eric said:
Hi, like your site…has some pretty good info.

Just curious, what’s your beef with Carmax?
2 On May 8th, 2008, Iman said:
I’ve dealt with so many people in the past and now on an almost daily basis that are deceived by many of Carmax’s practices. An educated customer is a good customer
3 On November 4th, 2008, Rick said:
Hi,
I recently found an 08 f-250 King Ranch on Carmax for $33000 with only 23000 miles. I authorizied a transfer to the local dealer. I have since found numerous complaints about dealing with them and am getting cold feet about dealing with this company. What would be your advice for a course of action for an out of town buyer.
Thanks
Rick Barta