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Weekly Wrap: CarMax reaps the benefits of lower cost of funds, investment in auto finance ramps

CarMax Auto Finance and Lendbuzz saw originations climb, Wells Fargo increased GAP allowance

Amanda Harris

The auto finance industry has in many ways benefited from a combination of lower funding costs and pricier cars, but ancillary service providers are feeling the pinch of rising product costs. CarMax Auto Finance, for one, experienced record-setting volume during the first quarter of fiscal year 2022 as originations jumped 150% YoY to $2.5 billion […]

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