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CarMax considers less lending from its finance arm
Auto retailer CarMax Inc. said Wednesday it is considering shifting lending from its financing arm to outside lenders in order to reduce the impact of the credit crunch on the company's profits.

CarMax considers using outside lenders
Auto retailer CarMax Inc. said today it is considering shifting lending from its financing arm to outside lenders in order to reduce the impact of the credit crunch on the company's profits. The Goochland County-based company's $1.4 billion warehouse credit facility would last through February under CarMax Auto Finance's current loan practices, Joe Kunkel, senior vice president for marketing and ...

CarMax considers less lending from its finance arm
RICHMOND, Va. (AP) - CarMax says it is considering shifting lending from its financing arm to outside lenders in order to reduce the impact of the credit crunch on the company's profits.

Credit crunch hits capital region auto dealers
Sacramento-area car dealers said the abysmal September U.S. auto sales figures were no surprise to them, and all local dealerships are tightening their belts and hoping for a loosening of credit.

Running out of gas? Credit crunch hits dealers
Tightened lending requirements hurt vehicle sales and could bury 700 new-car franchises, but some local dealers said people with good credit still can get loans, making now the time to buy both cars and dealerships.