CarMax, the largest used car dealer in the Brandywine, has revealed negative subprime auto data in its earnings, which could be a problem for banks, says Piper Jaffray, adding this indicates that "we will continue to see more pressure on used car prices in the coming months" and its "a clear signal the market recognises subprime lending may have been overextended".
CarMax, the largest used car dealer in the US, has revealed negative subprime auto data in its earnings, which could be a problem for banks, says Piper Jaffray, adding this indicates that "we will continue to see more pressure on used car prices in the coming months" and its "a clear signal the market recognises subprime lending may have been overextended".