Would You Buy a Car Out of a Vending Machine?

posted by Mike Usher - 

One company hopes the answer is yes. Carvana is based in Texas and sells used cars. To buy one you go online to check out the inventory and select a car to buy. Then within 24 yours, the vehicle will be waiting for you at one of their locations. The cars are stacked in a structure that resembles a giant vending machine and it will pick your car and bring it down to you.

Carvana executives actually rang the opening bell at the NYSE this morning to celebrate its IPO.

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