Carmax is heading straight toward its own demise. Without making any drastic changes, they are bound to fail. 2024 will be a year full of price drops, especially within the used vehicle market. Right now, more than ever, they need to SLASHING their prices to remain competitive. Even if it is as a large loss. The "long game" is to cut prices 10-20% across the board now to save their company. Focusing on the customer instead of their shareholders and bottom line will serve them well. Psst... that advice is on that house, Carmax... - Dr. Untamed

The new and used car market has been struggling these last 6-7 months and things are about to get worse. Bad for how long? Not sure. Right now, there isn't a light at the end of the tunnel. The companies that cut their losses early and quickly will win. Vroom just went under, Carvana will likely go too... Do you think Carmax will crumble this year too? Let me know your thoughts!

What do you think Carmax needs to do to fix this issue?

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