CarLotz Enters West Coast Market and Opens Second Florida Location
February 02 2021 - 9:07AM
Business Wire
The Seattle and Orlando area hubs
mark the company’s 9th and 10th locations
CarLotz (NASDAQ: LOTZ), the nation’s largest
consignment-to-retail used vehicle marketplace, announced today it
has opened hubs in the Seattle, Washington and Orlando, Florida
markets. The Seattle-area hub, located at 20612 Hwy 99 in Lynnwood,
Washington, is approximately 15 miles north of downtown Seattle.
This marks the ninth opening for CarLotz and the first on the west
coast. The Orlando-area hub, located at 1700 E Merritt Island
Causeway in Merritt Island, Florida, is the Company’s second
location in Florida and tenth opening to-date.
CarLotz is on a mission to create the world’s greatest vehicle
buying and selling experience for customers. On the heels of its
debut as a publicly traded company on the Nasdaq Stock Market,
these two openings fuel the Company’s continued growth.
“CarLotz was founded on the idea that we could greatly improve
the process of buying and selling used cars,” said Michael Bor,
co-founder and Chief Executive Officer of CarLotz. “So, we
disrupted the category and rethought the whole process. Florida has
been a successful market for us with a proven track record at our
original hub in Tampa, and we are thrilled to be able to provide
even more inventory to our guests in Florida.
“Our expansion to the west coast is a giant leap in achieving
our national expansion mission,” continued Bor. “Our model is
actually quite simple – CarLotz puts more value back in the hands
of buyers and sellers. Through our unique consignment-to-retail
model, customers can get more money for their car when selling
through CarLotz, and more car for their money when buying from
CarLotz,” he added. “We are particularly excited for Seattle
because it is an amazing market filled with early-adopters of
disruptive technologies and processes.”
Why buy or sell at CarLotz?
- Shop how you want: You can purchase a vehicle online and have
it delivered, or you can work with our highly trained sales coaches
in person and test-drive your next vehicle before you purchase
it.
- CarLotz offers financing for everyone, and buyers have three
days to exchange their purchase for any reason, as well as a 30-day
warranty, just in case.
- If you have a vehicle you need to get rid of, you can trade it
in, we can buy it, or you can consign through us for thousands
more.
- Every vehicle undergoes a 133-point inspection.
- Sales coaches are non-commissioned, and CarLotz prices are
haggle-free, so our only job is to make sure you leave happy with
the vehicle you want.
We are looking for professionals in our Seattle and Merritt
Island locations! Please visit carlotz.com/careers to explore
opportunities.
Last month, CarLotz announced it had completed its business
combination with Acamar Partners Acquisition Corp., a publicly
traded special purpose acquisition company, and began trading on
the Nasdaq Global Market under the ticker symbol “LOTZ.”
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 omni-channel 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 channel. Through our marketplace model, we
generate significant value for both sellers and buyers through
price, selection and experience.
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version on businesswire.com: https://www.businesswire.com/news/home/20210202005647/en/
Leslie Griles leslie.griles@carlotz.com
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