CarMax CEO says it's ‘a little early' to see how the UAW strikes will impact business

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CEO of used car retailer CarMax Bill Nash told CNBC’s Jim Cramer it’s too early to tell how UAW strikes will affect business.

CEO of used car retailer CarMax Bill Nash told CNBC's Jim Cramer it is too early to tell how UAW strikes will impact his company's business.

"I think as far as the UAW strike, it's a little early to tell the impact it's going to have on the business — you know, it really depends on how long it goes, and if there's going to be an expansion," Nash said."I think as far as the UAW strike, it's a little early to tell the impact it's going to have on the business — you know, it really depends on how long it goes, and if there's going to be an expansion," Nash said.

Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyNash also discussed how inflation and high interest rates interest rates are affecting customers looking to buy both newer and older models. He said used car prices are still elevated from post-Covid shortages of new cars.

 

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