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CarMax turns to online financing as used-car sales hit a bump

CarMax Inc, the biggest U.S. used-car dealer, is banking on a new online financing process to help offset sluggish demand as cheaper gas prices and a stronger job market drive sales of new cars.

The company is rolling out an online financing offering this year to customers at 10 stores in the United States to help them pre-qualify for a loan before a store visit, hoping to improve customer conversion rates.

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