Tuesday, April 30, 2024

Carvana Turns 10, Celebrating A Decade of Disrupting The Automotive Industry

Carvana, an industry pioneer for buying and selling used cars online, is celebrating ten years of disrupting the automotive industry and creating exceptional customer experiences. Powered by proprietary technology and a thriving nationwide logistics network, Carvana’s team of dedicated individuals across the country are driving the future of automotive e-commerce. The company put the power in the hands of the consumer with a cutting-edge digital solution, allowing customers to shop online through a vast selection of used vehicles at great prices from the comfort of one’s home.

What’s more, Carvana’s iconic Car Vending Machine, which first debuted in Nashville in 2015, allows customers to save valuable 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 a front-row seat to watch their vehicle descend through the brightly lit vending structure from the heart of the all-glass tower—a futuristic sales experience tailor-made for The New Way to Buy A Car.

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Now, a decade in the making, Carvana’s status as one of the youngest companies to ever debut on the Fortune 500, its recognition as one of America’s best employers, most customer-centric companies and being the quickest online automotive retailer to sell one million vehicles, all serves to reinforce the company’s leadership as the fastest growing used car dealer in U.S. history.

Since Carvana sold its first vehicle in 2013, the company has been called scrappy startup to pandemic darling, yet since the beginning, Carvana has had an unwavering and passionate dedication to creating a quality customer experience. By 2021, this translated into steep upward mobility for the company; revenue grew 129% to $12.8 billion, and Carvana had served its millionth customer.

SOURCE: Businesswire

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