So far the company has sold about 2 million vehicles, with sales now running at a rate of 400,000 per year. Since it started selling cars in 2013, Carvana has disrupted the U.S. used vehicle market with no-haggle pricing and an online buying process that cuts out the often-dreaded salesman.The Tempe, Arizona, company took advantage of many buyers’ fear of negotiating with a dealer, letting them purchase vehicles via computer and have them delivered to their homes.CEO and cofounder Ernie Garcia says the company has lower costs than conventional dealerships because it doesn’t have expensive real estate across the nation.

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Topics:  tempe   arizona   ernie garcia   u.s    the associated press   march   there s   carvana   i   the   ceo   market   customers   company   buy   year   sold   years   sales   generally   goods   test   pay   lot   started   return   payments   trust   means   rates   economy   ll   payment   lower-cost   customer   research   set   people   average   platform   save   rate   
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