Here's how we got here:
Two months ago, it was discovered something curious in-car inventory data at CarMax, America's largest used-car dealer. In September 2019, Teslas disappeared from CarMax's inventory. In early 2019, CarMax listed 343 used Teslas for sale. By September, that number dropped to 0 used Teslas for sale.
Recently it was found that Tesla doesn't even appear as an available Make on the site. Back when we first discovered the lack of Teslas, we called a dealership only to be told, "We no longer sell Teslas." So we left it at that.
Last week when we reported that used Teslas had lost, an average, a value of $7,500 on the used car market at dealers like Carvana, we mentioned that Teslas are no longer sold at CarMax.
Within hours, CarMax reached out to us about the report, noting that they had never issued a statement on whether or not is sells Teslas.
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