Carvana has changed how people buy cars through technology, customer service, an intuitive buying platform, and its patented, automated Car Vending Machines.
Industry Sector: Logistics & Distribution, Automotive
With a mission to change the way people buy cars, Carvana (NYSE: CVNA) replaces the traditional vehicle dealership infrastructure with technology and exceptional customer service.
Founded in 2012 and based in Phoenix, Carvana.com enables consumers to easily shop more than 15,000 vehicles, finance, trade in or sell their current vehicle to Carvana, sign contracts, and schedule as-soon-as-next-day delivery or pickup at one of Carvana’s patented, automated Car Vending Machines.
This Fortune 500 company has grown rapidly, now serving over 300 U.S. markets.As part of its efforts to scale the business, Carvana built an inspection, reconditioning and distribution facility in Elyria, in Northeast Ohio. JobsOhio supported the project by issuing a Job Creation Tax Credit along with an Economic Development Grant and a Roadwork Development (629) grant.This location is strategically positioned within Carvana’s national logistics network to help service their growing customer base.
Ohio’s geographic location is central, giving companies access to more than 60 percent of U.S. and Canadian populations within a one-day drive, including a multitude of markets in the Midwest, Great Lakes and Eastern regions.
Vertical integration and fulfillment create competitive advantages for Carvana.