CarMax Deploys Tech to Gain Efficiency in Challenging Used-Car Market

CarMax is deploying tech solutions to boost efficiency as it continues to deal with a tough environment for buying and selling used cars.“Fiscal 2024 was a challenging year across the used car industry as vehicle affordability and widespread macro factors continue to pressure sales,” CarMax President and CEO Bill Nash said Thursday (April 11) during the company’s quarterly earnings call.During the quarter ended Feb. 29, the company’s combined retail and wholesale used vehicle unit sales declined 0.9% year o ...