CarLotz Brings Its One-Of-A-Kind Used Car Offering to the Volunteer State
CarLotz (NASDAQ: LOTZ) has announced plans to open its first Tennessee hub in Madison, Nashville, by the end of March 2021. This location is part of CarLotz's strategy to expand its consignment-to-retail used vehicle marketplace across the United States. With the Nashville hub, the company adds its 11th nationwide location, following openings in several southeastern states and its first west coast hub in Seattle. CarLotz aims to enhance the vehicle buying experience, enabling sellers to receive more money for their cars and providing buyers with competitive pricing.
- Opening a new hub in Nashville, TN, enhances market presence.
- Tennessee marks the 11th location nationwide, indicating strong growth.
- Expansion aligns with the company's mission to improve vehicle buying and selling experiences.
- None.
Company to open Nashville-area hub in coming weeks
RICHMOND, Va., March 08, 2021 (GLOBE NEWSWIRE) -- CarLotz (NASDAQ: LOTZ), the nation’s largest consignment-to-retail used vehicle marketplace, announced today it will open its first Tennessee hub in the coming weeks. The Nashville-area hub, located at 1821 Gallatin Pike N. in Madison, TN, is expected to open by the end of March.
CarLotz is on a mission to create the world’s greatest vehicle buying and selling experience for customers. “CarLotz’ consignment model is a category leader and our guests are responding,” said Michael Bor, Co-Founder and Chief Executive Officer of CarLotz. “Nashville is an exciting city and a meaningful milestone in our ambitious growth plan. We firmly believe the great people of Tennessee will be thrilled to get more money for their car and more car for their money. We can’t wait to open up and show our new guests what we’re all about.” Bor continued, “Nashville’s strong growth, vibrant community, and location are complementary to CarLotz’ other southeast US locations, and make this a perfect next step as we execute on our mission to spread the unique CarLotz model across the US.”
Tennessee marks the ninth southeast US opening for CarLotz and 11th nationwide, adding to its hubs in Virginia, North Carolina, Florida, Illinois and Texas. In addition, the Company recently opened its first west coast hub in Seattle, Washington, further expanding its full omni-channel offering.
CarLotz is hiring for sales coaches, service techs, managers and other roles at the new Nashville location. To learn more and apply, visit www.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 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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