Carvana Unveils car-vending machines across US

Posted On June 14th, 2018 - 8:37 am | by Oil and gas press

Carvana is a technology business start-up based in Phoenix, Arizona. It is an online-only used car dealer that allows customers to shop, finance, and trade in cars through their website. It was founded in 2012 as a subsidiary of DriveTime and was spun out in 2014; it held an IPO in 2017 and Ernest Garcia II, the chairman of DriveTime, was the largest shareholder at the time.

Carvana’s aims to cut out the middleman in the car buying process and has developed its own way of doing business…which involves car-vending machines.

Carvana offers both nationwide delivery, or the option for customers to pick up their vehicle purchases at one of the company’s car vending machine locations after completing the purchase online

The company erects massive vending machines across the United States, with the latest structure opening up in Orlando, Florida. Other locations are in Nashville, San Antonio, Houston, Austin, Dallas, Raleigh, Jacksonville, Tampa, Charlotte, and Washington, D.C. The structure looks a bit like a see-through parking garage, but the mechanicals retrieve cars that buyers have purchased online; Carvana does not sell cars in-person. In fact, the company used to deliver vehicles to customers before the car-vending machines began.

The glass tower filled with up to 30 cars serves as a pick-up experience for customers who normaly buy the car online through Carvana’s site. You can than either schedule a pickup at the vending machine or schedule a delivery.
You can even get to put a commemorative Carvana coin in the machine for full vending machine purchase effect.to get your car.

The company reportedly offers subsidized airfare for a buyer if he or she is set on using one of the handful of car-vending machines now in place across the U.S.

The vending machine is exactly how it sounds: This is the 10th U.S. market to get a Carvana vending machine. The machine is open Monday through Saturday from 9 a.m. to 7 p.m. Monday.

However the Autobahn Motors Building in Singapore is said to be the largest luxury car “vending machine” structure in the world. It stands at 15 levels high with 4 colums loaded with cars. The 46-meter glass-fronted showroom can showcase all together 60 cars, Read More: Autobahn Motors Building in Singapore

Report by Segun Cole of Oilandgaspress.com

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