Next-day delivery will be available to more of the customers who buy a used car from automotive retailer Carvana.
With its newly announced acquisition of the nation’s second-largest used vehicle auction company and its 56 sites in the U.S., Carvana will have facilities within 50 miles of 58% of the country’s population — up from the current 16%.
During the automotive retailer’s fourth-quarter earnings call Thursday (Feb. 24), company executives said the acquisition of ADESA U.S., which was announced the same day, will enable Carvana to speed deliveries of cars to customers.
“This will reduce shipping times to our customers nationwide and lays the foundation for eventually offering same-day delivery to many of our customers,” Carvana CEO Earnie Garcia said during the call.
The company’s loss in the period widened to $182 million, compared with a loss of $145 million a year ago, on revenue of $3.75 billion. For the