Carvana Continues its Rapid Expansion up the East Coast with Richmond Launch

Leading Online Auto Retailer Selects the River City for Fourteenth
Market, and First in the State of Virginia

RICHMOND, Va.–(BUSINESS WIRE)–Following a series of successful launches in Florida, Carvana
– the nation’s leading online auto retailer and creator of the world’s
first-ever fully-automated, coin-operated Car Vending Machine

announced its expansion into Richmond, Va. The launch of Richmond marks
Carvana’s fourteenth market, and the company’s first location in the
state of Virginia. With the addition of Richmond, Carvana can now
provide as-soon-as next-day delivery to more than 90.2 million customers
nationwide, including more than 7.8 million of whom reside in the
Richmond metro area.

Recognized as Forbes 5th Most Promising Company, Carvana is
putting the customer back in control of the car-buying process by
providing tools that empower them to take charge of their purchase
experience. By blending cutting edge technology with an uncompromising
approach to providing excellent customer experiences, it is Carvana’s
mission to positively change the way people buy a car from A-to-Z.
Traditional car dealerships have high overhead costs that are passed
onto the customer during the car buying process. However, Carvana
eliminates these costs by replacing the dealership with technology,
bringing the entire experience online and saving customers $1,681 on
average per purchase.

“We have witnessed a strong demand for our online car-buying services
stemming from Virginia,” says Ernie Garcia, CEO and founder of Carvana.
“With the Richmond metro area being the third most populous in the
state, it was an easy decision when selecting our next location as we
expand up the East Coast.”

Additional markets enable Carvana to offer faster and more affordable
delivery options, including as-soon-as next-day delivery to local
residents in fourteen different markets, including: Atlanta, Austin,
Birmingham, Charlotte, Dallas, Houston, Jacksonville, Orlando, Miami,
Nashville, Raleigh, San Antonio, Tampa, and now Richmond. This launch
aligns with Carvana’s aggressive growth strategy, which includes
launching a physical location in more than a dozen new markets across
the country by year’s end, further accommodating growing demand for
alternatives to purchase experiences at brick-and-mortar dealerships.

In addition to as-soon-as next-day car delivery, Carvana also provides a
7-Day Return Policy with every vehicle purchased from the company’s
ever-expanding online inventory. To show its appreciation to early
adopters in Richmond who have purchased a vehicle prior to expansion in
the area, Carvana will offer a full refund of the delivery fee paid with
their purchase.

About Carvana

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. 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 Test Drive and No-Questions-Asked 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.

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for Carvana
Alison Deffner