DETROIT — Is the Motor City ready to ditch the car dealer? Phoenix, Ariz.-based Carvana (NYSE: CVNA) aims to find out, at least when it comes to used cars.
Starting Wednesday, the service launched in Michigan, allowing Detroit-area residents to search through the 7,000-plus vehicle inventory on Carvana.com, finance, purchase and schedule home delivery of their vehicle as soon as the next day.
Company officials said that in 2016, its customers saved an avarage of $1,430 over Kelley Blue Book Suggested Retail Value on price, and that buying a high-quality used cars can take as little as 10 minutes on Carvana.com.
The company said all vehicles in its inventory have passed a 150-point inspection, have never been in a reported accident nor have frame damage. To ensure complete transparency, Carvana lists out all features, imperfections and updated information about open safety recalls on the car’s vehicle description page. Customers are also offered a seven-day test-own period for each vehicle.
To celebrate its arrival in Detroit, Carvana is inviting residents to take back their Saturday from the dealership and cool off at Hart Plaza on the Detroit Riverfront. This Saturday, July 22, from 3-7 p.m., visitors can enjoy cool treats, music from Bluewater Kings Band and giveaways, all courtesy of Carvana.
Carvana says it has delivered vehicles to customers in 48 states, and offers free, as-soon-as next-day delivery to residents in 32 markets: Atlanta, Augusta (Ga.), Austin, Birmingham, Charlotte, Chicago, Cincinnati, Cleveland, Columbia (S.C.), Columbus, Dallas, Greenville (S.C.), Hampton Roads (Va.), Houston, Indianapolis, Jacksonville, Louisville (Ky.), Macon (Ga.), Memphis, Miami, Nashville, Oklahoma City, Orlando, Philadelphia, Pittsburgh, Raleigh, Richmond, San Antonio, St. Louis, Tampa, Washington D.C., and now Detroit.
More at www.carvana.com.