Is This Car Company More Innovative Than Tesla?
If I said to you…
Quick! Name the most innovative car company in the world…
You’d probably think for one second – and then say Tesla.
That’s clearly the one and only name that comes to mind.
But today, I’m going to throw another name into the mix… one that you may want to add to your portfolio right away.
Here’s the scoop…
If you watch Hulu, then I’m sure you’ve seen ads from a company called Carvana (NYSE: CVNA).
In my view, Carvana represents the future of how you’ll soon be buying a car.
Here’s a quick synopsis…
Think about every buying experience you’ve had in your entire life.
How does buying a car stack up?
Probably dead last, right?
Well, you’re not alone. According to a study by Carvana, 81% of consumers do not enjoy the car-buying process.
It’s truly miserable.
So Carvana wants to change the worst shopping experience of your life – into something much better and far more enjoyable.
Here’s how it’ll do that…
First, you can search its full inventory online, take a virtual 360-degree tour (inside and out), get financing and complete the entire process via its website.
Then, it’ll deliver the car right to your doorstep.
The process is so streamlined that 96% of its customers would recommend the service to a friend. Just imagine how great this sounds…
- No more haggling with some oddball car salesman over price.
- No more dealing with the finance guy, who takes you into his office and offers you the “dent prevention” upgrade for an extra $500.
- No more sitting around for hours at the dealer while all the oversized paperwork (with the holes dotting the sides) gets put through those archaic printers.
With Carvana, you’ll never have to experience this again. Genius!
Oh, and if you’re not satisfied, you get a seven-day money-back guarantee.
With more than 33,500 cars available and average savings per vehicle of $1,000 (compared with traditional dealers), Carvana is changing the car-buying game.
Carvana is also innovating when it comes to brand recognition. You may have seen its massive “car vending machine” structures that hold automobiles. These are both advertisements and car showrooms combined into one.
Action Plan: I remember when Whole Foods changed the paradigm of grocery shopping. I used to hate it. Now thanks to Whole Foods, I love it.
As a result, Whole Foods was a tremendous investment – and then it was acquired by Amazon. Well, in my opinion, Carvana is the next company to take a miserable experience and vastly improve upon it. I recommend adding some shares now and holding them for six months. As we near the end of 2020, I think you’ll be happy with the result! Want more information? What are you waiting for? Join me in The War Room!