STATES CHRONICLE – Carvana unveils the world’s first car vending machine in Nashville, Tennessee. The unique invention comes in the shape of a five-story glass building filled with used cars and is the product of Georgia’s second largest used car dealership, Carvana. The company has chosen Nashville as the first place in which to try out the revolutionary idea mainly because the region has proven to be a historically good market for used cars.
The company deals in used cars which are bought, refurbished and fixed, after which they are usually delivered to the customer’s home. Most of the company’s sales typically occur over the internet as customers purchase their vehicles online for the most part.
In the case of the company’s new invention, interested customers can purchase their car online, after which they can head out to the car vending machine and, after receiving a special coin from the welcome center located near the tower, they can insert their coin into a specially designed terminal and select their car from the glass tower.
The selected car will then be brought down to the delivery bay with the help of specialized mechanical arms and can be examined by the person purchasing it before being driven out of the facility. The building itself functions as a fully-automated vending machine specially designed for cars.
According to Carvana’s co-founders, Ernie Garcia and Ryan Keeton, the idea behind the car vending-machine was simply inspired by the rapidly changing shopping habits of their target customers and the significant number of people that stated they were unhappy with the current procedures available for purchasing cars.
Despite already having a user-friendly website that allows customers to buy a car within a pretty small time-frame of around 20 minutes, Carvana’s co-founders also found that some people prefer to also see the vehicle they are purchasing before they complete the transaction and pick it up themselves from the facility in order to drive off in it.
This inspired them to change their internet-based purchase system to cater to customers interesting in seeing the vehicle first hand. This is how the idea for the car vending machine came to be, as it combines the easy purchase process that the company has set up online with the possibility for customers to pick up the car in person and, of course, the novelty of using an over-sized coin to do so.
The idea seems to be paying off, as Carvana’s yearly revenue has gone up from $4 million in 2013 to $45 million in 2014. The company will even subsidize airfare or transportation costs within a $200 mark for customers living outside of Tennessee wishing to pick up their vehicle from the car vending machine.
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