Carvana, a prominent e-commerce platform revolutionizing the way people buy and sell used cars, has expanded its reach into the wholesale market with the launch of CarvanaACCESS. This innovative direct-purchase platform provides independent and franchised car dealerships with unprecedented access to Carvana’s diverse national inventory of wholesale vehicles. But Does Carvana Buy Cars to fuel this platform? The answer is yes, and CarvanaACCESS is a direct result of their robust vehicle acquisition process, including consumer trade-ins and wholesale purchases that are now readily available to industry buyers.
CarvanaACCESS operates as a “timed bid” online auction, powered by technology from Manheim Digital. This collaboration ensures a seamless and efficient buying experience for dealers. Transparency is paramount, with every vehicle listed on CarvanaACCESS accompanied by comprehensive condition reports and detailed 360-degree imagery. This commitment to providing rich information empowers buyers to make informed decisions when bidding and purchasing.
Scott Wood, Senior Director of Wholesale Operations at Carvana, emphasizes the strategic importance of this new platform. “Wholesale has been integral to Carvana since our inception. Just as consumers have embraced The New Way to Buy a Car™, industry interest in our wholesale offerings has surged. CarvanaACCESS leverages our capabilities and Manheim Digital’s technology to create a groundbreaking way for dealers to buy wholesale directly from Carvana.” He further highlights the benefit for wholesale customers, stating, “We are excited to partner with even more wholesale buyers, providing them access to our extensive and varied inventory across our national network.”
Key Features of CarvanaACCESS:
- Direct Purchase Platform: CarvanaACCESS facilitates direct transactions between Carvana and wholesale buyers, streamlining the acquisition process.
- Timed Bid Auctions: Utilizing Manheim Digital’s auction technology, CarvanaACCESS employs a timed bidding system, creating a dynamic and competitive marketplace.
- Comprehensive Vehicle Information: Each vehicle listing includes detailed condition information and 360-degree imagery, ensuring transparency and buyer confidence.
- Diverse Inventory: CarvanaACCESS offers a wide selection of wholesale vehicles, sourced from consumer trade-ins and other channels across Carvana’s national footprint. This includes a variety of years, models, and price points.
- High Sales Rate: Carvana’s wholesale vehicles on the platform boast an impressive 90 percent first-run sales rate, indicating competitive pricing and desirable inventory.
For Wholesale Buyers:
CarvanaACCESS is designed exclusively for registered dealers and wholesale buyers. The platform provides early access to Carvana’s wholesale inventory, which is continuously replenished with recent customer trade-ins. Preview periods are scheduled from 8 a.m. ET on Thursdays to 9 a.m. ET on Fridays, with sales commencing at 9 a.m. ET on Fridays and concluding at 4 p.m. ET on Mondays.
Interested wholesale customers can register and begin the onboarding process at CarvanaACCESS.com.
About Carvana:
Founded in 2012, Carvana (NYSE: CVNA) is committed to transforming the car buying experience. By leveraging technology and exceptional customer service, Carvana has created an intuitive online platform where consumers can seamlessly browse over 17,000 vehicles, secure financing, trade-in or sell their cars to Carvana, finalize contracts, and arrange for next-day delivery or pickup from Carvana’s innovative Car Vending Machines.
To learn more about Carvana, please visit www.carvana.com. Connect with Carvana on social media through Facebook, Instagram and Twitter.
Conclusion:
CarvanaACCESS represents a significant step forward in the wholesale automotive industry, offering dealers a direct and transparent channel to access a diverse inventory of vehicles. For those wondering, “does Carvana buy cars?” – the answer is definitively yes, and CarvanaACCESS is the platform that efficiently channels these acquired vehicles to wholesale buyers, further solidifying Carvana’s innovative role in the automotive marketplace.
