Carvana Continues Midwestern Expansion With Cincinnati Launch

Leading Online Auto Retailer Opens Eighth New Market of 2016,
Seventeenth Market Overall, and Brings As-Soon-As-Next-Day Delivery to
Cincinnati

CINCINNATI–(BUSINESS WIRE)–Fueled by more than $460 million in funding, Carvana
– the leading national online auto retailer – has officially launched in
Cincinnati, further expanding the company’s overall presence across the
Midwest. Marking the 17th location since launch, Carvana
continues rapid expansion and can now offer as-soon-as next-day car
delivery to more than 118.3 million customers nationwide, 7.9 million
residing in the Cincinnati and metropolitan areas.


Carvana is the number one destination, and the only destination, where
customers can search for, buy, finance and sell their car entirely
online – including financing and contract signing – in 20 minutes or
less without ever stepping foot inside a dealership. The company
continues to invest in developing advanced, proprietary technology to
give customers every tool needed to seamlessly complete the entire
car-buying and selling transaction from the comfort of their own home,
all while saving an average of $1,461 per purchase. Also central to
Carvana’s customer-first approach, the company provides a 7-Day Return
Policy for every vehicle purchased from its ever-growing inventory of
more than 5,000 company owned vehicles.

“We offer a unique, honest and transparent approach that provides
customers with a whole new way to buy a car and puts them back in
control of their car-buying experience,” said Ernie Garcia, founder and
CEO of Carvana. “Knowing that Cincinnati is a big driving area, we’re
confident customers will appreciate the great experience Carvana offers
over the traditional dealership model. As the third biggest city in
Ohio, with proximity to Northern Kentucky as well, there is a high
demand for used cars in this area, and we’re excited to bring the
Carvana experience to this market.”

To date, Carvana has brought a better way to buy a car to customers in
46 states and provides delivery options nationwide. Additional
facilities enable Carvana to offer faster and more affordable delivery
options, including free, as-soon-as next-day delivery to local residents
in 17 markets, which include: Atlanta, Austin, Birmingham, Charlotte,
Columbus, Dallas, Houston, Jacksonville, Miami, Nashville, Orlando,
Raleigh, San Antonio, Tampa, Richmond, Washington D.C., and now
Cincinnati.

To show its appreciation to Cincinnati’s early adopters who purchased a
vehicle prior to Carvana’s expansion into the market, Carvana is
offering a full refund of any delivery fee paid.

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 $1,461 versus Kelley Blue Book.
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 Return Policy. Carvana is revolutionizing the car buying process
through patented 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

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