‘All these cars have stickers’: Expert finds a ton of repos at the CarMax auction. He says that should be a major red flag for customers

“More carmax repos at the auction. People are defaulting on their loans and getting their vehicles repossessed,” TikToker Cheese (@thankucheese) writes in a caption for yet another video where he shows a wave of repossessed CarMax vehicles he’s scoping out at an auction.A car dealer by trade, Cheese is always on the lookout for good whip deals that he can purchase and then go on to resell. In February, the Daily Dot reported on Cheese’s CarMax repo finds, which show the trend of customers who bought vehicles from the used car giant who couldn’t afford the monthly notes they come with.Although CarMax’s stock is dropping in tandem with the precipitation of its profits, some people believe that the car repossessions could be a part of the company’s strategy: the business intentionally approves loans for vehicles to customers it knows can’t afford them.“Carmax is in big trouble,” a text overlay in the video reads as the TikToker walks through a lot of vehicles. “These look like all CarMax...