Auto Retail Net: How CarMax Applied Big Box Store Inventory to Used Cars

It was June 2008, after seven months of recession, when gas prices climbed above $4 per gallon, putting an even greater squeeze on consumers. CarMax, the biggest and only nationwide used car sales conglomerate, watched sales dwindle, down some 17 percent for June and July. CarMax made a difficult decision, and in a low-key announcement on August 6 said it would “temporarily slow” store growth...

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