From Top Electric.

The used car market is unraveling faster than anyone could have imagined, and CarMax has just confirmed the terrifying truth. In one shocking day, the company’s stock plummeted 47%, wiping out over $3.2 billion in value and sending shockwaves through the entire auto industry. The once unstoppable giant of used car sales is now warning investors, dealers, and buyers alike that the road ahead is completely unpredictable. Loan defaults are spiking, repossessions are at their highest level since 2009, and dealers across America are offloading vehicles at massive losses just to survive. With average car loan rates climbing to nearly 23%, even everyday buyers are being dragged into financial quicksand. What began as a slowdown has now turned into a full-scale collapse of the used car market. In this video, we dive deep into the numbers, the panic, and the real impact hitting consumers across the country. Is this the end of easy car loans and sky-high prices? Or could this crash reveal the biggest buying opportunity in years? Watch till the end to find out how CarMax’s fall might reshape everything you thought you knew about the car market.

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