Phoenix — Carvana, an industry pioneer for buying and selling used cars online, is celebrating 10 years. Carvana’s iconic Car Vending Machine, which first debuted in Nashville in 2015, allows customers to save time by selecting a convenient time to pick up their new vehicle. Upon arrival, customers are greeted by a customer advocate and receive a commemorative, oversized Carvana coin to activate the automated vending process. Customers then get to watch their vehicle descend through the brightly lit vending structure from the heart of the all-glass tower — making a futuristic sales experience.
As one of the youngest companies to ever debut on the Fortune 500, Carvana has been recognized as one of America’s best employers, most customer-centric companies and the quickest online automotive retailer to sell 1 million vehicles.
Since Carvana sold its first vehicle in 2013, revenue has grown 129% to $12.8 billion.
“Ten years ago, when we sold our first car online in Atlanta, Georgia, it was hard to imagine at that time just how far we would come in our first decade. Carvana’s core values and our belief in treating people better have led the way towards creating a better car buying and selling experience,” says Ernie Garcia, founder and CEO of Carvana. “None of this would be possible without the amazing and ambitious people who all share the same values and commitment to our customers; who have learned to continuously raise the bar, while still managing to have a little fun along the way. Even with all the milestones we have hit together, and millions of customers served, it still feels like we’re just getting started. Thank you, Team Carvana — let’s make the next 10 even more impactful than the first.”
Carvana allows someone to purchase a vehicle from the comfort of their home, completing the entire process online, benefiting from a 7-day money back guarantee, home delivery, nationwide inventory selection and more. Customers also have the option to sell or trade-in their vehicle across all Carvana locations, including its patented Car Vending Machines, in more than 300 U.S. markets. For more information, visit www.carvana.com.