CarLotz Doubles Down in the Lone Star State
July 29 2021 - 9:03AM
CarLotz (NASDAQ: LOTZ), the nation’s largest
consignment-to-retail used vehicle marketplace, announced today it
will open a second hub in Texas. Located at 1001 Preston Road in
Plano, the hub will provide CarLotz’s guests in the greater Dallas
area with easy access to its service, value, and inventory. The hub
is expected to open later this year.
“I am so grateful to our guests in Texas for really
understanding the value CarLotz delivers as a peer-to-peer
marketplace, a great place to buy a car, an innovative way to sell
a car, and a business totally focused on the guest experience,”
said Michael Bor, Co-Founder and CEO of CarLotz. “Our
expansion from San Antonio to the greater Dallas area will allow
even more guests to experience the benefits that come with buying
and selling through our unique consignment model,” Bor
continued.
CarLotz is on a mission to create the
world’s greatest vehicle buying and selling experience
for consumers and commercial consigners. CarLotz opened a hub
in Denver earlier this week and continues its rapid expansion,
providing its full omnichannel offerings to guests in California,
Colorado, Florida, Illinois, North Carolina, Tennessee, Texas,
Virginia and Washington State, as well as Georgia and Missouri
(both coming soon).
CarLotz is currently hiring for dozens of open
positions including sales coaches, service techs, managers, and
other roles at the new location as well as several other
locations around the country. To learn more and apply,
visit carlotz.com/careers or reach out to
careers@carlotz.com.
For additional information, visit carlotz.com.
About CarLotz CarLotz is a used
vehicle consignment and Retail Remarketing™ business that provides
our corporate vehicle sourcing partners and retail sellers of used
vehicles with the ability to access the previously unavailable
retail sales channel, while simultaneously providing buyers with
prices that are, on average, below those of traditional
dealerships. Our mission is to create the world’s greatest vehicle
buying and selling experience. We operate a technology-enabled
buying, sourcing, and selling model that offers a seamless
omnichannel experience and comprehensive selection of vehicles,
while allowing for a fully contactless end-to-end e-commerce
interface that enables no-hassle buying and selling.
Our proprietary Retail Remarketing™ technology provides our
corporate vehicle sourcing partners with real-time performance
metrics and data analytics, along with custom business intelligence
reporting that enables price and vehicle triage optimization
between the wholesale and retail channels. Through our marketplace
model, we generate significant value for both sellers and buyers
through price, selection, and experience.
CONTACTS:
Media InquiriesCarLotzPR@icrinc.com
leslie.griles@carlotz.com
Analyst Inquiries CarLotzIR@icrinc.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/88fb8388-f45b-4ef3-9901-bf1165c5f577
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