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Carvana Expands Into Charlotte

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SOURCE Carvana

Online Auto Retailer Selects the Queen City for Third Market Expansion

CHARLOTTE, N.C., Sept. 4, 2014 /PRNewswire/ -- Continuing its new market expansion strategy in the Southeast, Carvana (www.carvana.com), the first complete national online auto retailer, announces its expansion into Charlotte, N.C.  The company's third distribution center provides free next day delivery on all purchases within a 75-mile radius of the city. Following this expansion, nearly two million consumers are eligible for free delivery across the Atlanta, Nashville and Charlotte markets.

"Driving our Southeast expansion strategy is the strong demand we have seen throughout the region for an alternative to brick-and-mortar car sales," says Ernie Garcia, President of Carvana. "We have experienced 15 to 20 percent sales growth month-over-month from the Charlotte market, making it an easy choice when selecting our next distribution point outside Atlanta and Nashville."

Carvana's secure, intuitive online shopping platform gives car buyers an alternative to their local dealership by allowing individuals to browse an inventory of Carvana Certified pre-owned vehicles, dynamically set customized financial terms and coordinate delivery method and timing best suited to their needs.  In addition to home delivery, all Carvana customers can elect to pick up their vehicle at the company's car vending machine in Atlanta. All Carvana cars come fully covered with a 100-day or 4,189 mile bumper-to-bumper warranty and are backed by a 7-day "test own" return policy.

According to Capgemini, the number one reason to buy a car online is for a better price (45 percent), a distant second is for an easier and faster transaction (23 percent). Traditional car dealerships have high overhead costs that are passed onto the consumer during the car buying process. Carvana eliminates these costs by replacing the dealership with technology, subsequently offering consumers an average savings of $1,500 per vehicle versus the market average. It also saves buyers the four and a half hours spent at the dealership when purchasing a car, allowing them to shop, finance and schedule the delivery in as little as 10 to 30 minutes.

About Carvana

Based in Phoenix and with operations out of the Southeast, Carvana is the first complete online auto retailer that allows consumers to shop, finance and purchase a car entirely online, and have it ready for home delivery or pick-up at the nation's first vending machine as soon as the next day. The company is backed by more than $1 billion in revenue and more than 20 years experience in the secondary car market. All cars available on Carvana.com come fully covered with a 100-day or 4,189 mile bumper-to-bumper warranty and a 7-day "test own" return policy.

For further information on the Carvana car buying process, please view a process infographic, like us on Facebook, follow us on Twitter or visit www.carvana.com.

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