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If brick-and-mortar stores fear Amazon China beads embroidery machines Factory and e-commerce as a threat to their existence, used car dealers may be terrified by the newest development in their industry: a car vending machine.But the company believes it could prove a valuable part of the strategy to win customers over by completely overhauling the dreaded process of buying a used car, something notoriously difficult and plagued by the fear of sales people taking advantage of prospective buyers.Carvana, which launched in 2013 and is now in 21 markets after adding 12 this year, stores its cars far outside cities in areas where rent is cheap.

The company says this year it saved customers more than ,400 on average on purchase prices compared to the Kelley Blue Book suggested price, the industry standard."He said the founders did not start out planning to be an online site, but aimed to rethink the car buying transaction from start to finish and find ways to "differentiate economically, through the entire pipeline.The typical concern for customers buying a used car is whether they can trust that the vehicle is safe and reliable, and whether they are paying too much.. Another ,400 goes to pay sales personnel."The first step was to take a page out of Amazons book and get rid of dealerships, which Garcia says adds 0 to the price of a car. This is a marketing gimmick, of course.And even in the best of cases, the process can take several hours of paperwork to complete a purchase through a traditional dealer.It dispenses used vehicles in four delivery bays, but only to customers who have the special coin to make it work -- which they receive after completing an online purchase.

This is one of the practices which regulators follow in various sectors like telecom. Telecom Regulatory Authority of India (Trai) will write to telecom operators shortly to sound them out on the new exercise, which will be followed by meetings in January, he said.Hence, the "agenda" would include fresh issues to be taken up by the regulator. "Many regulators around the world do this. The issues taken up by Trai during 2016 included free data, net neutrality, improvement of service quality norms for mobile services, internet telephony, proliferation of broadband through public wi-fi networks, Machine-to-machine communications, issues related to closure of access services, Captive VSAT CUG policy issues, and review of the regulatory framework for Interconnection, among others.