The company acquires inventory directly from customers using an online tool that provides automated, conditional offers for their vehicles, which can be applied to purchases or paid directly. Vehicles are transported through an in-house logistics network or vendors to inspection and reconditioning centers (IRCs) or auction locations with reconditioning capabilities. These Reconditioning Sites utilize proprietary inventory management technology and employ trained technicians, with on-site vendor support for parts and materials. Vehicles that do not meet company standards are sold wholesale through the company's marketplace or third-party auctions.
Carvana Co's Comment on Supply Chain
The company acquires inventory directly from customers using an online tool that provides automated, conditional offers for their vehicles, which can be applied to purchases or paid directly. Vehicles are transported through an in-house logistics network or vendors to inspection and reconditioning centers (IRCs) or auction locations with reconditioning capabilities. These Reconditioning Sites utilize proprietary inventory management technology and employ trained technicians, with on-site vendor support for parts and materials. Vehicles that do not meet company standards are sold wholesale through the company's marketplace or third-party auctions.
Sources:
Carvana Co 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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