Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Sandy’s Auto Effects

Details

  • Description

    FBN’s Charles Payne on his investment picks today, including CarMax Inc. post-Hurricane Sandy.

  • Duration 2:07
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

-- already crossed and superstars sandy.

Unfortunately it landed hundreds of thousands of vehicles in the -- you know we take a look at the growing demand for used cars -- one of the country's biggest dealers Charles.

CarMax got an upgrade today from -- I hate chasing Goldman but you know they also have greater research mode -- I'll get a sign that yeah.

Passat yeah yeah yeah but -- you know -- -- a lot to this -- think even -- -- sandy you know the average -- eleven years old financing is easy to get and then to your point Tracy.

It's -- -- 250000.

Cars and wiped out and it's you know.

You know the used car market is looking really pretty good right now and these guys are really who broke -- -- greatly positioned to take advantage and also stopping the -- -- going fantastic so I think we're kind of -- -- right here by the -- also the GDP number today yeah and I'll -- attention GP was inventory I -- explodes in an inventory and almost all that was -- -- -- so.

And that's interesting is that -- -- then we've.

We've kind of replenished.

Because -- cash for clunkers took away -- announced car.

That's why the prices have been going up.

You know what's the make -- -- -- -- make 2172.

Dollars on the -- car -- only -- 676 dollars on a new car to have right that's your type -- so you know believe me you know and that's why you know picking cars off the market just had to hike the prices supply demand is so to a large degree a lot of people should be of so this cash for clunkers thing because -- -- -- -- To buy expensive used car.

Well I have recurring payments that you didn't wanna have that CarMax on the verge of breaking out -- looks really good here.

-- again by the way also sending the price they say it will -- -- used car.

Prices we hate to -- of the I don't think there's room I really do I do I mean let's in this trend is not gonna go away easy financing plus they're making money of financing extend its services.

And all kinds of things like that's.

We got a -- wish area where do you stop that -- -- -- I wouldn't use regular stop on this one I would just -- and that's the fundamental somehow ended deteriorated this -- -- stocks I think you hope for a while and ride the ups and downs and he -- no -- well tonight ten data that Iraq has slipped -- a good like died that thank you tell us and it alright it is.

Load More