Carvana Continues Expansion, Launches in Tampa

Online Auto Retailer Arrives in Third Florida Market

Now Offers Free, Next-Day Delivery to 9.7 Million Consumers Nationwide

TAMPA, Fla.–(BUSINESS WIRE)–Carvana
– the first complete online auto retailer and the company behind the world’s
first fully-automated, coin-operated Car Vending Machine – is adding
Tampa to its growing list of markets. Today also marks Carvana’s third
market in Florida. With the launch of Tampa, Carvana now offers free,
next day delivery to anyone within 100 miles of the city, and reaches
9.7 million consumers in its 12 markets.

Carvana is revolutionizing the car buying process for today’s consumer
by eliminating the pressure, hassles and hidden fees that come with
buying from a dealership. Traditional car dealerships have high overhead
costs that are passed onto the consumer during the car buying process.
Carvana eliminates these costs by replacing the dealership with
technology, bringing the entire process online and saving customers
roughly $1,681 per vehicle versus Kelley Blue Book.

“Based on what we’ve seen, consumers are fatigued with the traditional
car buying experience. Our goal is to create a better way to buy a car
by putting the consumer in complete control of the process,” said Ernie
Garcia, founder and CEO of Carvana. “We’re thrilled to continue our
expansion and show Tampa customers that Carvana is making car buying fun
again.”

Additional markets enable Carvana to offer faster and more affordable
delivery options, including free, next-day delivery to local residents
in twelve markets, including: Atlanta, Austin, Tex., Birmingham, Ala.,
Charlotte, N.C., Dallas, Houston, Nashville, Tenn., San Antonio,
Raleigh, N.C, Orlando, Fla., Jacksonville, Fla. and now Tampa. These
locations continue to support Carvana’s strategy to have physical
inventory in key markets across the country to better meet demand and
expedite the delivery process.

To show its appreciation to the early adopters in Tampa 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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or Twitter.

Contacts

Media Contact:
Olson Engage
Alison Deffner
Carvana@olson.com