WASHINGTON--(BUSINESS WIRE)--Continuing its ongoing market expansion along the East Coast, Carvana – the nation’s leading online auto retailer and creator of the world’s first coin-operated Car Vending Machine – today announced its official launch in Washington, D.C. With Carvana, customers can skip the dealership altogether by shopping for, financing, purchasing and trading-in a vehicle from the comfort of their own home. With the addition of Washington, D.C., Carvana can now provide as-soon-as next-day delivery to nearly 103.5 million customers nationwide, including more than 13.2 million residents in the Washington, D.C. area alone.
Carvana is the only company where customers can search for, buy, finance and even sell their car entirely online in 20 minutes or less without ever stepping foot inside a dealership. Carvana also provides a 7-Day Return Policy for every vehicle purchased from the company’s ever-expanding online inventory. Additionally, the company has invested heavily in developing advanced, proprietary technology that gives customers every tool they need to complete the entire car-buying or selling transaction from their couch, all while saving $1,681 on average per purchase. Since its launch in 2013, Carvana has raised $300 million in funding, and is on a more than $350 million revenue run rate for 2016.
“Washington, D.C. is the largest market we’ve launched in to date, so we’re tremendously excited to be here,” said Ernie Garcia, founder and CEO of Carvana. “Not only is D.C. a city rich with history and American culture, but it’s also a place with a progressive populace of auto enthusiasts and customers who have a reputation for being tech savvy and early adopters. With a presence now in 15 markets, we are thrilled to further support the demand for an online car buying experience by offering our exceptional service to our Nation’s Capital.”
The launch of Carvana’s Washington, D.C. market aligns with the company’s overall growth strategy. This includes expanding physical operations to new markets across the country, hiring outstanding new talent to Carvana’s growing team, and continuing to invest in cutting-edge technology that delivers unforgettable customer experiences. By leveraging this technology, transparency, and exceptional customer service, Carvana is truly revolutionizing the car buying process for the modern day car buying customer.
To date, Carvana has delivered cars to customers in 46 states, and additional markets enable Carvana to offer faster and more affordable delivery options. Currently, Carvana offers as-soon-as next-day delivery to local residents in 15 markets, which include: Atlanta, Austin, Birmingham, Charlotte, Dallas, Houston, Jacksonville, Miami, Nashville, Orlando, Raleigh, San Antonio, Tampa, Richmond, and now Washington D.C.
To show its appreciation to Washington, D.C.’s early adopters who purchased a vehicle prior to Carvana’s expansion into the market, Carvana is offering a full refund of any delivery fee paid.
Founded in 2013 and based in Phoenix, Ariz., Carvana is the first complete online auto retailer offering vehicle purchase in as little as 11 minutes, with an average savings of $1,681 versus Kelley Blue Book. Additionally, Carvana launched the world’s first-ever, fully-automated, coin-operated car Vending Machine, in Nashville, Tenn. With Carvana, you can shop for, finance, purchase and trade-in a car entirely online, while also receiving as soon as next-day vehicle delivery or pick-up at the nation's first vehicle vending machine. Carvana cars come with an accident-free guarantee, undergo a rigorous 150-point inspection and come with a 100-day/4,189 mile bumper-to-bumper warranty, as well as a 7-Day Return Policy. Carvana is revolutionizing the car buying process through technology, transparency and exceptional customer service, while eliminating the pressure, hassles and hidden fees that come with buying from a dealership.