Carvana Builds on Aggressive Growth With Miami Launch

Online Auto Retailer Expands to Fourth Florida Market; Now
Offers Free, Next-Day Delivery to 44.7 Million Consumers Nationwide

MIAMI–(BUSINESS WIRE)–Carvana
– the nation’s leading online auto retailer and creator of the world’s
first-ever, fully-automated, coin-operated Car Vending Machine

today proudly announces the addition of Miami to its rapidly growing
roster of as-soon-as next-day delivery locations across the country.
Through this expansion, the company is now poised to deliver to nearly
44.7 million consumers nationwide, more than 5.1 million of whom reside
in the vibrant Miami metro area.


Carvana is overhauling the traditional car dealership model, providing
tools to empower the customer to take complete control of the car-buying
process. By blending cutting edge technology with an uncompromising
approach to excellent customer experiences, Carvana’s mission is to
positively change the way people buy a car from A-to-Z.

“Carvana is revolutionizing how people buy cars, giving consumers access
to everything they need to make a smart vehicle purchase – on their
terms and at their convenience,” said Ernie Garcia, founder and CEO of
Carvana. “Miami is an incredibly diverse market with deep ties to tech
and early adoption, and we’re excited to be a part of it and further
drive innovation by offering a better way to buy a car.”

The Miami launch aligns with Carvana’s goal to provide a welcome
alternative to the car-buying status quo, by bringing the entire
purchase process online (search, purchase, trade-in and finance) and
allowing customers to save valuable time and money. In addition to
as-soon-as next-day delivery, Carvana also provides a 7-Day Test Drive
and No-Questions-Asked Return Policy with every purchase of a vehicle
from their ever-expanding online inventory.

To show its appreciation to the early adopters in Miami 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. Carvana plans
to continue active expansion – including more Car Vending Machine
rollouts – over the next few years.

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.

For further information on Carvana please visit www.carvana.com,
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Contacts

for Carvana
Alison Deffner
Carvana@olson.com