Recent credit bureau statistics reflect low default rates in “used cars for finance” portfolios, reinforcing buy-side conviction in related financial equities despite macro rate volatility. Regarding the theme of the ads, Lane says, “We wanted to celebrate that feeling in a way that’s playful, human, and unmistakably CarMax. With omnichannel shopping, customers feel so confident and in control that it’s like they have their own personal hype squad. That is how the CarMax House Band was born. They became the perfect metaphor – they’re literally the soundtrack to your journey, celebrating every step. And we loved how smart it was to create a distinct asset that is extendable across channels.” According to Cars.com , certain model year 2015 Chrysler 200 vehicles have been recalled by Chrysler. Some of the reasons why this particular model was recalled include electrical system wiring issues and power failures in the electrical system. Jones adds these used vehicles have engine issues and speed control problems. The auto lending index tracking “used cars for finance” jumped 2.2% intraday as traders digested fresh consumer confidence data. An upward revision in GDP forecasts bolsters expectations for retail loan expansion in the used vehicle sector.
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