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CarMax Auto Finance originations plummet amid pandemic

Amanda Harris by Amanda Harris
June 23, 2020
in Earnings, Risk Management
Reading Time: 6min read

CarMax Auto Finance is one of the first auto lenders to record the adverse effects of the coronavirus pandemic on its book of business, with originations clocking in at $992.3 million as of May 31, down from $1.8 billion year over year, according to the retailer’s first-quarter fiscal year 2021 earnings presentation.  The captive’s penetration rate on vehicles sold at stores also dropped to 36.1% as of May 31, […]

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