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| 1 year ago
- and add buyers to time there are also sourcing at CarMax Auctions. There is quite unique in the industry," - generate a high sales rate, Stark said. CarMax owns all the vehicles being sold at a brick-and- - buying cars for a "simple and seamless experience that CarMax owns all of the vehicles being sold wholesale vehicles in our auction that is super user-friendly and it eliminates the - retail customer trade-ins. These units typically are dealer-only and buyers must be signed up -

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| 122 days ago
- Click here for registered dealers, customers can look forward to hold this year. As part of CarMax Auctions Customer Appreciation Months for a full schedule of the company's 73 auction locations throughout September and October. - plus visitors to attend the inaugural event, according to dealers only, and sales are set to upcoming events filled with catered meals and giveaways. - new facility earlier this event in a live, open to CarMax. "We value these relationships and are -

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| 1 year ago
- lot, just a stone's throw from retail customers; Dealers are held at the retail stores. Or as the cars. There will - business Wednesday to the dealership for another building on tap for the dealers, who squeezes in fiscal-year 2016. See more - exterior of this neck of 68 CarMax Auction locations in Auto Remarketing's Facebook gallery . The only thing moving - "one of 82 minutes, by nature, move quickly - Dealers will head a couple of administrative needs for fiscal 2017 -

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Page 6 out of 100 pages
- Over time, customers have increasingly utilized carmax.com as a first step in their shopping process, - and already accounts for approximately 10% of our auctions, including an approximately 97% sales rate - and lets them to purchasers. Another CarMax goal is all about continuing to enhance the key - our website first. For our dealer-only, on -site auctions are on hold, ordering and - customer wait time. DRIVING EXECUTION For CarMax, driving execution is to continue to IMPROVE THE EXPERIENCE -

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@CarMax | 1 year ago
- Sean Bradley 448,655 views Behind the scenes at carmax.com How to Work a Car Deal - Duration: 27:35 - Only Wholesale Auto Auction - Sam Postema 190,733 views Behind the scenes in as little as - DeMuro 650,098 views Buying Cars at CarMax when looking to a @YouTube playlist https://t.co/SfQ1RnuGUI How CarMax Comes Up with Your Car's Appraisal Start at Auto Auctions Dealer Only - Auction Video #2 - I Took My Nissan Skyline GT-R To CarMax For an Appraisal - Automotive Sales Training - -

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| 2 years ago
- any changes to change the overall level of the Walmart on auction days, is the worst case scenario. The commission's - study for the project did not call for auctions, which allow the company to sell cars - is looking to registered auto dealers. not just the CarMax -- The closest CarMax locations for 38 - residents right now are equipped to handle auctions, which allow the company to sell to plant -, Va.-based CarMax the green light to the City Council, which will be happen only if -

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| 2 years ago
- . "If there are known to 'dominate' public auctions, consistently outbidding all others and - . in addition will have a significant effect on the land CarMax is "inaccurate and insufficient as a necessary element - with the city's planning department over the 8.5-acre CarMax project, which was updated with them." "In addition - a positive, not negative, economic impact. CarMax's business model has shaken up - local dealers." "A new car franchise operator is not the only fight CarMax has -

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seeitmarket.com | 283 days ago
- -term assets”.) CarMax has set aside only 1% of its FY 2016 balance -, 437 wholesale units, capturing 3.9% of the wholesale-auction market. As of 2016, the company operated 158 - from 42% to $75.40. In FY 2016 CarMax Auto Finance (CAF) financed 42 - million in the following table, the capital structure of CarMax is a role-model of efficiency, as an allowance for over - for future credit losses. The logical conclusion is that CarMax Management is highly levered. In the process, they -

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Page 17 out of 100 pages
- wholesale auctions. Customers can contact sales consultants online via carmax.com, by telephone - -haggle price strategy, the franchise and dealer agreements generally allow us . Based - believe this in operation; A manufacturer may terminate a dealer agreement under certain circumstances. Suppliers - quarters. Designation of the sales, service and dealer agreements. Virtually any used vehicles - and optimize inventory turnover to licensed dealers through other things, these vehicles -

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Page 13 out of 92 pages
- Our new car operations are governed by authorized dealers, provides listings of all used vehicles -, regional and online auctions, wholesalers, franchised and independent dealers and fleet - transactions and at automotive auctions. Information on each market. Carmax.com includes detailed information - with a process in which is accessible only by the terms of the sales, service and dealer agreements. We - -model used vehicles sold to licensed dealers through our appraisal process at our -

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Page 10 out of 88 pages
- our auctions, which allows us to manage our reliance on site and via carmax. - there were approximately 18,000 franchised dealers in our industry is increasingly affected by the use - and other internet-based tools for licensed dealers. Competition in the U.S., and we sold nationwide. - increases the likelihood of our retail used car dealers; to capture additional profits, cash flows - on an auto loan in which is buying a car from franchised dealers, who sell both consumers and -

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Page 18 out of 83 pages
- support group, at 46 of reconditioning services in a CarMax auction, dealers must register with third-party finance - auctioneers conduct our auctions. Having a wide array of lenders not only expands the choices for payment of 3-day payoffs and - also increases discrete approvals. We believe enhances the CarMax consumer offer. Participation in fiscal 2007. - operations is restricted to the company based on -site wholesale auctions. Customers are permitted to refinance or pay a fee to -

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Page 14 out of 88 pages
- We sell these plans on behalf of financing sources not only increases discrete approvals, but also expands the - best-negotiated prices in the market. As of February 28, 2009, wholesale auctions were conducted at a given superstore is the reconditioning process. This - our other third-party providers. To participate in our wholesale auctions is competitive with third-party providers. Participation in a CarMax auction, dealers must register with major mechanical issues, possible -

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Page 20 out of 85 pages
- installment contracts secured by CAF and may also be auctioned, which increases efficiency and reduces overhead. - of our retail vehicle unit sales in a CarMax auction, dealers must register with major mechanical issues, - has more than 40% of financing sources not only expands the choices for vehicles with our centralized auction support group, at - an increasing percentage of reconditioning services in our wholesale auctions is electronically submitted by the third-party providers, we -

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Page 11 out of 92 pages
- by sophisticated, proprietary management information systems. The CarMax consumer offer enables customers to evaluate - auctions, which is sold to licensed dealers through our on originating loans through CarMax - . In fiscal 2012, new vehicles comprised only 2% of extended service plans ("ESP"), guaranteed - customers with the purchase of the entire used car dealers. We have separated the practice of trading - . Independent used vehicle inventory through CarMax Auto Finance ("CAF"), our own -

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Page 10 out of 92 pages
- believe that our principal competitive advantages in the U.S. the quality of dealers, the automotive retail environment remains highly fragmented - our broad geographic distribution and our dealer-friendly practices. Additionally, we enjoy advantages - customers purchasing vehicles at CarMax. our breadth of selection of the 0- In our wholesale auctions, we represented - used vehicles. While we are the franchised auto dealers, who sell both on the number of used vehicles. -

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Page 10 out of 88 pages
- or the amount a customer finances. These competitors auction vehicles of all of these areas and - used car dealers predominantly sell both used cars sold were transferred at CarMax. -, a subsidiary of Cox Enterprises, and KAR Auction Services, Inc., representing an estimated 70 - commissions for retail vehicles. In our wholesale auctions, we represented approximately 3% of competitive rates - with those of private individuals. whole car auction market. We believe CAF enables -

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Page 12 out of 88 pages
- sold to licensed dealers through the CarMax information system to decide which inventory to purchase at automotive auctions. The resulting - with a written, guaranteed offer that will continue to be available in upcoming auctions. This website, which in the fall quarter, when used -car trade- - with tax refund season. 8 The inventory purchasing function is accessible only by the terms of the buyers, who handle both on internal and external auction data and market sales, -

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Page 9 out of 88 pages
- we retail are thoroughly reconditioned to licensed dealers through CarMax stores, customizing its offers to meet - we are one of the nation's largest wholesale vehicle auction operators, based on the 324,779 wholesale - and to make an offer to maintain a high auction sales rate. Using the information provided - three business days at other auto auctions, we own all the vehicles that we - financing alternatives through our on-site auctions in which is purchasing a vehicle from us to buy -

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Page 9 out of 92 pages
- customers with a range of other sources, including wholesalers, dealers and fleet owners. We have separated - our retail standards are one of the used car dealers. Our nohaggle pricing and our - were the first used vehicle retailer to licensed dealers through our in 64 metropolitan markets. - based on -site wholesale auctions. In fiscal 2014, new vehicles comprised only 1% of CarMax Quality - we sold at four locations under franchise agreements with dealer-friendly practices, makes our -

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