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Ernest García II (born May 1, 1957) is an American billionaire businessman, in the used car sector. He is the owner of DriveTime (originally named UglyDuckling), and a major shareholder of Carvana. In 1990 he pled guilty to a felony bank fraud charge for his role in the Lincoln Savings and Loan Association collapse. As of January 2025, his net ...
In 2013, DriveTime became the majority owner of Carvana; the two companies are operated completely separately. [44] Carvana was founded in 2012 and launched nationwide in November 2013. [45] The Phoenix-based company is an online used car retailer. Car-buyers use Carvana's website to view inventory, apply for financing and arrange pickup or ...
The company's initial funding round came from the used car retailer and finance company DriveTime. [4] A year later Carvana opened its first iteration of a car vending machine. In 2015, a fully automated, commemorative coin-operated version of the signature car vending machine opened in Nashville, Tennessee. [5]
As the son of used car dealership DriveTime owner Garcia II, Garcia III followed in his father’s footsteps and formed Carvana as a DriveTime subsidiary in 2012. It later spun off into its own ...
This 1962 Ford Seattle is among 100 concept car images that Ford Motor Co. just added to its online archive site. Images are now available to the public for free downloading.
CarMax, Inc. is a used vehicle retailer based in the United States. It operates two business segments: CarMax Sales Operations and CarMax Auto Finance. The company began as a side business of Circuit City, opening its first location in September 1993 in Richmond, Virginia.