( ) -v-35- UNDATED (Correspondent Jeremy House) “std.” Carvana’s CEO is promoting used vehicles as being more affordable. Correspondent Jeremy House reports. [CutID: <Cuts> CARVANA-CEO-house-v-MONam.mp3 Time: 35s Title: CARVANA-CEO-house-v-MONam Out-cue: std] ————————————- VERBATIM: Since it started selling cars in 2013, Carvana has disrupted the U.S. used vehicle market with no-haggle pricing and an online buying […]
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Carvana CEO: price declines, interest rate cuts should make used vehicles more affordable
( ) -v-35- UNDATED (Correspondent Jeremy House) “std.”
Carvana’s CEO is promoting used vehicles as being more affordable. Correspondent Jeremy House reports.
[CutID: <Cuts> CARVANA-CEO-house-v-MONam.mp3
Time: 35s
Title: CARVANA-CEO-house-v-MONam
Out-cue: std]
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VERBATIM: 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 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 co-founder Ernie Garcia says the company has lower costs than conventional dealerships because it doesn’t have expensive real estate across the nation.