Blogging my nationwide hunt for affordable CarMax enthusiast cars. Automotive Unicorns.
As far as I can tell only 2,503 of these were produced for 2006-2009 model years. Makes is a bit limited, if not rare. GM produced 10 times as many CTS-V’s. The car sold for almost $80,000 new and has the supercharged Northstar V8 pumping out 469hp – 0-60 in 4.6 seconds. A poor man’s M5? Find it here in Hartford, CT (although likely covered in ice today).
The CarMax nationwide inventory jumped from just over 40,000 cars in the summer of 2017 to over 73,000 today. That’s the highest it’s been since I started tracking CarMax unicorns a year ago and it got me pondering on all things cosmic CarMax. For example, that 33,000 plus-up in stock equals a staggering $577 million* investment in cars in just a few months. I’m thinking like you and me, CarMax didn’t pay cash and owed somebody a helluva lot of money. You think they get dealer financing? I’m thinking CarMax needs to move some cars and hoping there are more unicorns and lower prices!
*The average CarMax vehicle sells for $19,677 with a gross profit of $2,178, indicating a rough guess each car costing CarMax $17,489. See “CarMax Reports Second Quarter Results, September 22, 2017″.
So I decided to do my own homemade “analytics” and dive deeper on what makes up an inventory of 73,000 cars. CarMax knows what they’re doing, and I suspect their inventory largely reflects what America wants in a car. So here’s what I learned. Continue reading “The $577 Million Car Loan and Other Fascinating CarMax “Analytics””
The CarMax Link – 2008 Shelby GT500
The CarMax Link – 2008 Corvette
