Carvana Co (CVNA)

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CVNA

Carvana Barred From Selling Vehicles in Raleigh, N.C., Area Until January
Suspension follows state investigation that determined the used-car retailer failed to deliver titles to DMV, perform state inspections

Carvana—a startup founded in 2012 with the mission of selling cars exclusively online—is also known for its tall, glass vending towers, including this one in Westminster, Calif..

PHOTO: JEFF GRITCHEN/SCNG/ZUMA PRESS

By Nora Naughton
Updated Aug. 11, 2021 6:42 pm ET
WSJ


North Carolina has suspended online used-car retailer Carvana Co. from selling cars in the Raleigh area until January, after a state investigation determined that it failed to deliver titles to the motor vehicle department and sold cars without state inspections.

The state motor vehicles department has revoked Carvana’s dealer license for its Wake County location until Jan. 29, the state attorney general’s office said Wednesday. The Tempe, Ariz.-based company also has agreed to pay a civil penalty of $500 and an administrative hearing fee of $200, according to court documents.

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