CarLotz Announces Expansion to Hampton Roads
RICHMOND, Va. – Nov. 12, 2012 – CarLotz, a Richmond-based used car consignment business, today announces that it will open the doors to its new store on Military Highway in Chesapeake on Dec. 3, 2012.
CarLotz, launched in 2011, features a revolutionary new way to buy and sell used cars: on consignment. The firm enables sellers to achieve private-market used vehicle values without the traditional hassles of the sale-by-owner market, such as meeting with strangers, dealing with the DMV, and arranging for financing and warranties. Buyers, in turn, are able to browse a large inventory of private-party used vehicles and buy high-quality vehicles at heavy discounts to retail pricing. The Chesapeake location will be CarLotz’s third, joining a pair of stores in Richmond.
“Richmond has been a great opening market for CarLotz, and we’ve been thrilled with the growth we have seen in Central Virginia over the past 16 months,” said Michael Bor, CEO of CarLotz. “Since we started the business, customers have been asking us to open in the Tidewater area. We’re excited to find a new home in Chesapeake so that we can serve the Hampton Roads and greater Tidewater region with a new option in the used-car market. We’re also actively hiring professionals at all levels in the Tidewater area to ensure that the same level of customer service that we’ve become known for is delivered at our new location.”
“Our unique consignment model enables sellers to get more money for their cars and buyers to get more car for their money without the traditional hassles, uncertainty, and potential danger of the private used car market. Additionally, our focus on integrity, transparency, and customer service offers a fresh new model for customers in the used vehicle market.”
The new CarLotz location at 1447 S. Military Highway in Chesapeake will be CarLotz’s third, joining a pair of stores in Richmond. It will have capacity for 175 vehicles and also consign and sell motorcycles.
“The location is on a popular auto-mile and will provide tremendous visibility for CarLotz customers’ vehicles to generate interest,” Bor said. “Since we opened our doors in June of 2011, we have sold nearly 1,000 cars on behalf of private sellers all over the country through our two stores in Central Virginia. We are excited to increase our capacity and serve new geographic markets.”
About CarLotz, Inc.
CarLotz (www.CarLotz.com) is a used vehicle consignment business that is driven to make the private party market the primary channel for used vehicle transactions. CarLotz enables sellers to achieve private market used vehicle values without the traditional hassles of the sale-by-owner market, such as meeting with strangers, arranging for financing and warranties, and handling burdensome DMV paperwork. CarLotz was founded in 2011 and has since helped hundreds of sellers and buyers save time and money by transacting safely and efficiently in the sale-by-owner market.