CarMax Doesn’t Have Sales? Or Do They? Hmmm….Check Out These Price Cuts

2008 Z06 $35,998 34k Columbia SCGetting more and more updates and alerts from CarMax that a number of the 200 unicorns I have saved in my profile have price drops.  Today a beautiful 2008 Mercedes S63 dropped $4,000 (and vanished from the web before I could capture photos).  A Jaguar XK was slashed by $2,000 and also disappeared.  The Z06 above dropped $1,000.  Here’s more.

2008 CL63 ad
The Mercedes CL63 below has gone down $2,000.
20007 S2000
Low mileage S2000 dropped $1,000 today. 
2008 Boxster
Another $1,000 off this speed yellow low mileage one owner Boxster!

So here’s my theory.   I blogged in the winter of 2017 that CarMax inventories increased by 33,000 cars – about $577 million in value – from summer to fall.  In the fall of 2018 I blogged again that inventory increased by $300 million – a plus up of 15,000 cars.   Late February/early March of 2018 and now 2019 the alerts start coming about price drops.  Inventories are also dropping – CarMax had over 60,000 cars last fall, and today about 47,000.  It ain’t rocket science.  I can’t explain the annual increase every fall, but the CarMax fiscal year ends in April and I have to believe inventories are being slashed to boost profits and reduce liabilities (CarMax carries about a billion dollars in debt on their financials).  CarMax never has a sale or haggles with prices, but I’m starting to think there’s a seasonal pattern that smarter buyers than I can watch and exploit!  Bought my unicorn last week….without a price reduction!   Stay tuned.

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