RALEIGH, NC (Aug. 29, 2019) – Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars will locate a new inspection and reconditioning facility in Cabarrus County, creating more than 400 jobs, Governor Roy Cooper announced today. The company will invest more than $30 million in Concord over the coming years.
“The online marketplace only works for buyers and sellers when hardworking people are moving the supply chain forward. We know our quality workforce is a major reason why Carvana chose to grow and invest in our state,” said Governor Cooper.
Carvana, headquartered in Tempe, Ariz., and known for its distinctive Car Vending Machines, champions a mission to change the way people buy cars. The company forgoes a traditional dealership infrastructure and instead has developed the technology to enable consumers to quickly and easily shop for used cars online. The company’s new project in North Carolina will create a facility to inspect, recondition, photograph and store cars to address the growing demand, nationwide, for The New Way to Buy a Car, playing a critical role in getting more Carvana customers their vehicles faster. Facilities such as this one intake and prepare used vehicles to then retail online; a procedure that includes a 150-point inspection and a photography process using high-definition cameras and patented, proprietary technology.
KSM Location Advisors is pleased to have negotiated $2.27 million in incentives for Carvana, LLC.