National used car dealer CarMax has announced a large increase in sales for the year, possibly signalling a return in confidence to American car consumers and a healthy period of growth for used car dealers.

According to Forbes, sales for the nationwide chain increased 27.8% year on year, to $2.3 billion. In addition, cost-cutting by the company helped total earnings rise 253%, to $101 million dollars from just $27 million one year ago.

Although the economy hurt sales, the used auto dealers are recovering quicker than automakers, as consumers look for deals off somewhat expensive new cars. Many are looking for late-model used cars, according to the news source.

CarMax’s stock enjoyed a small bump after the news hit, as did the stocks of several other companies related to the used car market.

Drivers can often get a better deal on a used car by bidding at an auto auction or talking to their local dealer rather than shopping at nationwide chains.