Stick a coin into vending machine and out spins...Stick a coin into vending machine and out spins...https://www.recenter.tamu.edu/news/newstalk-texas/?Item=157572017-02-14T06:00:00Z2017-02-15T00:40:00Z

​​​AUSTIN – ​Stick a coin into a newly unveiled vending machine at one South Austin business and you’ll wind up with a lot more than a can of cola or a handful of candy.

Instead, expect a new car to pop out.

The five-story contraption—one of just three in existence in the United States—debuted at Carvana, 6014 S. I-35, just south of East Stassney Lane.

The automated devices kick into action when a special, oversized Carvana coin is inserted, with a lift in the center of the glass-walled machine sliding up and under the desired vehicle, then lowering it to one of three ground-floor delivery bays.​

Carvana’s location near Austin’s Motor Mile puts it in close proximity to many well-known car dealers, but its business model is much, much different.

Once a car is selected, it’s either delivered to the owner’s home or it can be loaded up in one of the vending machines for pickup. 

Trade-ins can be sold and financing can be arranged through the site, as well.

The Phoenix-based company’s other two vending machines are in Houston and Nashville, Tenn.
Austin American-Statesman
Austin-Round Rock

​Ch​eck out Austin Retail Market Research.​​​

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