CarLotz Announces Grand Opening of The Bike Shop

February 13th, 2015 by

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RICHMOND VA – February 13, 2015 – CarLotz, the consignment store for cars, announces the Grand Opening of The Bike Shop by CarLotz, a used motorcycle consignment store located adjacent to the Company’s flagship used car store at 11944 Midlothian Turnpike in Midlothian, Virginia.

CarLotz, a Richmond, Virginia based used vehicle consignment business serving the sale-by-owner and corporate vehicle market, today announced the grand opening of its motorcycle consignment and retail business.

“While we’ve been working hard to give our four-wheel customers a great way to buy and sell sale-by-owner vehicles, our two-wheel customers have been asking for help with their motorcycles. Many of our car and truck customers are also motorcycle owners and have told us how difficult it is to sell a used bike given the limited information available to help with pricing, the time and hassle required to market the bike, and the distaste many consumers have for negotiating with strangers. Launching The Bike Shop will allow us to better meet the unique needs of the motorcycle customer, helping sellers get the most money for their bike without the typical hassles and helping buyers shop comfortably at below retail prices,” said Michael Bor, CarLotz CEO. Bor continued, “We started consigning and selling motorcycles about a year ago. When the retail space next to our flagship CarLotz store on Midlothian Turnpike became available, we decided to use it to create a boutique experience for buyers and sellers of sale-by-owner motorcycles.”

The shop at 11944 Midlothian Turnpike creates an indoor showroom for up to 45 motorcycles with additional expansion capacity available. The Bike Shop by CarLotz has already helped buyers and sellers of Harley-Davidson, Yamaha, Honda, Suzuki, Ducati, Buell, Aprilia, BMW and other bikes transact safely and securely in the private sale market. “It gives us great pleasure to expand our consignment model to other segments of the vehicle market. We started with cars and trucks, then moved into commercial and corporate fleet vehicles, and now motorcycles. It’s a natural expansion for us into a market that gains tremendous value from a service like ours,” said Bor.

CarLotz will likely expand The Bike Shop by CarLotz concept to its other markets as it finds expansion capacity in those cities. Click here for the full inventory of motorcycles already for sale through The Bike Shop by CarLotz.

About CarLotz, Inc.
CarLotz (www.CarLotz.com) is a used vehicle consignment business that is driven to make the peer-to-peer or sale-by-owner market the primary channel for used vehicle transactions. CarLotz enables sellers to achieve greater 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 thousands of private sellers and buyers as well as companies with fleets save time and money by transacting safely and efficiently. The Company has been frequently featured in media outlets including NBC, Fox Business, The New York Times, Fast Company, TheStreet.com, The Richmond Times-Dispatch, The Virginian Pilot, and others. The Company has also been consistently voted a “Best Place to Buy a Car” by the readers of Style Weekly and Richmond Magazine.

For additional information, please contact Michael Bor, CEO of CarLotz at (804) 728-3833 or mbor@CarLotz.com or visit www.CarLotz.com.

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