UPDATED at 10:15 a.m.
Well, it looks like Carvana has finally confirmed its newest location that will be opening in Frisco early this year, according to a report from The Dallas Morning News.
The “verticle automotive dealership” will be just north of Toyota’s new headquarters on State Highway 121.
Carvana’s Frisco sales center is being built by Turner construction and was designed by WHN Architects., and WHN Architects.
The car vending machine phenomenon has reached Houston and it could be coming to the Dallas area soon, the Houston Business Journal reported.
For Carvana’s car-buying method, the buyer selects a car and completes the buying process online. Then, the buyer comes to the physical location where cars are stacked several stories high in a glass tower. The buyer inserts a token and elevators and lifts bring the car down to them, just like a snack machine.
It’s meant to take the haggle out of the car-buying process, making it as simple as possible. The Houston location, which opened this month, is Carvana’s second vending machine in the U.S. and its largest, according to the HBJ.
Dallas is one of 20 markets for Carvana in the nation. In August, the startup raised $160 million in funding to help it expand, according to The Dallas Morning News.
In a statement, Carvana Co-founder Ryan Keeton said that it plans to open more vending machines in “as many markets as possible” over the next few years, but couldn’t release any specifics on where.
Here’s a look at how it works:
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