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CarLotz Opens In The Peach State

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CarLotz (NASDAQ: LOTZ), the largest consignment-to-retail used vehicle marketplace in the U.S., has opened its first hub in Georgia, located at 4400 Stone Mountain Highway, Lilburn. This expansion aims to enhance access to its unique buying and selling experience for customers in the Atlanta area. Michael Bor, Co-Founder and CEO, emphasized the company's mission to provide value through a peer-to-peer marketplace and a full omnichannel approach. CarLotz is also hiring for various positions at this and other locations across the nation.

Positive
  • Opening of the first hub in Georgia expands CarLotz's market presence.
  • Enhances accessibility for Atlanta consumers to the unique buying and selling experience.
  • Continued national expansion signals growth strategy and market potential.
  • Hiring for numerous positions indicates business growth and job creation.
Negative
  • None.

RICHMOND, Va., Sept. 20, 2021 /PRNewswire/ -- CarLotz (NASDAQ: LOTZ), the nation's largest consignment-to-retail used vehicle marketplace, announced it will open its first hub in Georgia today. Whether online or in-hub, CarLotz's omnichannel offering welcomes guests in the greater Atlanta area to experience easy access to its unique buying and selling experience. The hub is located at 4400 Stone Mountain Highway in Lilburn.

CarLotz's mission is to create the world's greatest vehicle buying and selling experience.

"We are so happy to open our first hub in Georgia and become a part of the Atlanta community," said Michael Bor, Co-Founder and CEO of CarLotz. "Our continued national expansion will allow even more guests to be a part of CarLotz's peer-to-peer marketplace, our full omnichannel approach and the real service and value that comes 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 continues its rapid expansion, providing its full omnichannel offerings to guests in California, Colorado, Florida, Georgia, Illinois, Missouri, North Carolina, Tennessee, Texas, Virginia and Washington State as well as Alabama, and Nevada (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 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 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 Inquiries
leslie.griles@carlotz.com

Analyst Inquiries
CarLotzIR@icrinc.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/carlotz-opens-in-the-peach-state-301380024.html

SOURCE CarLotz

FAQ

Where is CarLotz's first hub in Georgia located?

CarLotz's first hub in Georgia is located at 4400 Stone Mountain Highway, Lilburn.

What date did CarLotz open its hub in Georgia?

CarLotz opened its hub in Georgia on September 20, 2021.

What is the stock symbol for CarLotz?

CarLotz's stock symbol is LOTZ.

What types of positions is CarLotz hiring for in Georgia?

CarLotz is hiring for sales coaches, service techs, managers, and other roles.

What is CarLotz's business model?

CarLotz operates a consignment-to-retail model, facilitating vehicle buying and selling through an omnichannel approach.

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