Joydrive has a vision for changing the automotive online retail landscape: Become the first nationwide platform that allows buyers to complete their transactions without setting foot in a dealership -- for new and used cars.
The Seattle-based startup lists new and used vehicles at affiliated dealerships -- stores that Joydrive says are handpicked because they are "loved by their customers and by their employees." Customers can search for and choose a vehicle at the Joydrive website, get a trade-in offer from the dealership, arrange financing from the dealership and arrange delivery to a place of their choosing.
The 2-year-old company currently works with 48 dealerships in Washington, Oregon, Florida, Oklahoma and Texas. Its year-end goal is to make 50,000-100,000 vehicles available to customers as it expands across the country. It says 13,000 vehicles will be available within the next two weeks.
By contrast, online used-vehicle retailer Carvana has about 12,000 vehicles in its inventory.