If you’ve been in the car industry, you’ve probably heard of the new dealership on the block, Carvana. They are known for their car vending machines. That’s right, vending machines.
Carvana’s mission is “to change the way people buy cars by providing a completely painless and transparent car buying experience online, eliminating the need to take the intimidating trip to the dealership.”
Their aim is to provide exceptional service and cut the dealership costs, saving customers $1,500 or more on their vehicle purchase.
Carvana’s business model is quite intriguing, but the real reasons why traditional dealerships can’t compete with Carvana are different than what you may think.