CarLotz Opens Plano Hub

Rhea-AI Summary

CarLotz (NASDAQ: LOTZ) has opened a new hub in Plano, Texas, located at 1001 Preston Road. This marks the second location in Texas, complementing the existing hub in San Antonio. The new hub aims to enhance access to CarLotz's unique consignment-to-retail vehicle marketplace for customers in the Dallas/Fort Worth Metroplex. The company continues to expand its presence across several states, focusing on delivering an exceptional vehicle buying and selling experience while also hiring for multiple roles at this and other locations.

Positive

• Opening of a new hub in Plano, Texas, increasing market presence.
• Expansion complements the existing San Antonio location.
• Focus on hiring for multiple positions, indicating growth.

Negative

• None.

RICHMOND, Va., Oct. 11, 2021 /PRNewswire/ -- CarLotz (NASDAQ: LOTZ), the nation's largest consignment-to-retail used vehicle marketplace, announced today it has opened a hub located at 1001 Preston Road in Plano, TX. Complementing its sister location in San Antonio, the hub marks the second opening for the company in the Lone Star State and will provide CarLotz's guests in the Dallas/Fort Worth Metroplex with easy access to its unique buying and selling experience.

Complementing its sister location in San Antonio, the hub marks CarLotz's second opening in the Lone Star State.

"Through our #LotzOfLove initiative and the non-profit Dogs Matter, we've already been able to connect with some of the wonderful people in the Plano community. We look forward to continuing these relationships and introducing more guests to 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," said Michael Bor, Co-Founder and CEO of CarLotz.

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.

To learn more about CarLotz's donation to Dogs Matter through its #LotzOfLove initiative, visit: bit.ly/CarLotzDogsMatter.

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  

View original content to download multimedia:https://www.prnewswire.com/news-releases/carlotz-opens-plano-hub-301396656.html

SOURCE CarLotz

FAQ

What is the significance of CarLotz's Plano hub opening?

The Plano hub enhances CarLotz's market presence in Texas, offering greater access to its consignment-to-retail vehicle services.

How many locations does CarLotz have in Texas?

CarLotz now has two locations in Texas, one in San Antonio and the newly opened hub in Plano.

When did CarLotz open its Plano hub?

CarLotz opened its Plano hub on October 11, 2021.

What roles is CarLotz hiring for at the new Plano hub?

CarLotz is hiring for various positions, including sales coaches, service techs, and managers at the Plano hub.