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

© Can Stock Photo / welcomia

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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