Carvana Doubles Capacity With Texas Expansion

DALLAS, May 21, 2015 /PRNewswire/ -- Following its most successful sales quarter to date, Carvana, Forbes' fifth Most Promising Company for 2015 and the first complete online auto retailer, expands its footprint to meet the customer response for online car buying. Through this expansion, the company now has the capacity to sell and deliver thousands of more vehicles per month, including offering free next-day delivery to Dallas-area customers. Carvana, which experienced more than 1,000 percent revenue growth year-over-year, will now reach nearly 3.5 million consumers with its free next-day delivery option across Atlanta, Nashville, Charlotte, Birmingham and Dallas.

In order to meet this growing demand, Carvana opened its 30-acre operations center in Dallas. Similar to Amazon's distribution facilities, Carvana's strategy is to have physical inventory in key markets to expedite sales and support its hyper-growth. "The response from customers to buy a car online has been so overwhelming, that we have made an investment in a new facility that enables us to sell thousands of more cars per month. With sales already in 39 states, we are excited to further support the demand for online car buying with a larger inventory and bigger presence outside the Southeast," says Ernie Garcia, founder and CEO of Carvana.

Its Texas facility will serve alongside its Atlanta location to recondition, capture 360-degree interior and exterior images, store and deliver vehicles. The company's secure, intuitive online shopping platform allows consumers to browse an inventory of Carvana Certified pre-owned vehicles, purchase using personalized financing terms, and coordinate delivery method and timing best suited to their needs. "Consumers' frustration with the traditional dealership model coupled with our convenient, transparent online platform and unparalleled customer service have been the primary drivers of our success," continues Garcia.

The success Carvana saw in Texas and the Southwest was another driving force behind its expansion into the market. As further evidence a recent online survey of 275 Texas residents ages 18 and older, conducted by Harris Poll, found nearly one third of adults in Texas would purchase a car 100 percent online. To show its appreciation to the early adopters in Dallas who have purchased a vehicle prior to its expansion, Carvana has offered a full refund of the delivery fee paid with their purchase.

Methodology
This survey was conducted online within the United States by Harris Poll on behalf of Carvana from April 15-17 & April 20-22, 2015 among 275 Texas residents ages 18 and older. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables, please contact [email protected].

About Carvana
Based in Phoenix, Ariz., 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. Its secure, intuitive online shopping platform replaces the dealership with technology, subsequently offering consumers an average savings of $1,681 compared to Kelley Blue Book Suggested Retail Price.  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 visit www.carvana.com.

SOURCE Carvana