CarLotz Announces Opening of Charlotte Store

March 16th, 2016 by

loc_charlotteRichmond, VA & Charlotte, NC – March 16, 2016 – CarLotz, the consignment store for cars serving the sale-by-owner and corporate vehicle markets, today announced the opening of its first store in Charlotte, North Carolina, located at 6501 E. Independence Boulevard in the heart of Charlotte’s largest auto mile. It is the Company’s fifth retail location and first in North Carolina.

“We’re thrilled to bring our unique retail experience to the Charlotte market” said Michael Bor, CarLotz CEO. Bor continued, “Since launching CarLotz in 2011, we have opened four locations throughout Virginia to support our growth, and we have seen increasing demand from consumer and corporate sellers in North Carolina. Charlotte is an incredibly vibrant car market, and our service will allow sellers to get what their car is really worth, avoiding the hassles and low-ball offers frequently associated with selling a vehicle. We are excited to get our start in Charlotte on Independence Boulevard and hope to eventually have multiple stores in the area as awareness of our service grows. In fact, we are already preparing for the opening of an additional location in Greensboro.”

The Charlotte store, located at 6501 E. Independence Blvd, will have room for 100 consigned vehicles and will hire five to six full time associates. The Company’s Market Leader in Charlotte, Michael FitzPatrick, said, “After working in the automotive retail industry in Charlotte for over ten years, I realized CarLotz had a unique business model that was delivering a compelling outcome for vehicle sellers, and I wanted to be a part of building something special here. Our sellers routinely come to us frustrated by low-ball offers for their cars and exhausted by the hassles that come with selling a vehicle. I love that we can deliver a comfortable experience that gets them what their car is worth. Who wouldn’t want thousands more for their vehicle without the hassle of doing it themselves? Also, having experienced high-pressure sales environments at traditional dealerships, I think car buyers will love the non-commissioned, transparent pricing model at CarLotz. Our sellers typically price well below retail and make all sales decisions anonymously through our team, so you don’t get uncomfortable, conflict-inducing negotiations here, just a helpful service associate that will guide you through the car buying process. It’s a win-win for buyer and seller.” CarLotz is currently open for business Monday through Saturday from 9:00a to 7:00p and, following the completion of its landscaping upgrades, will host a formal grand opening sometime in the second quarter of 2016.

About CarLotz, Inc.
CarLotz (www.CarLotz.com) is an innovative automotive retailer that is pioneering the consignment store model in used vehicle sales. For a flat fee, the Company sells vehicles for its customers on consignment, including inspection, cleaning, photography, listings on major car buying websites, and management of buyer inquiries and test drives at its retail stores. Sellers typically make thousands more than trade-in without the traditional hassles of the sale-by-owner market such as meeting with strangers and handling burdensome DMV paperwork. Buyers shop vehicle inventory priced well below retail in comfortable store environment with the amenities of a traditional dealership, including financing and warranties. The Company was founded in 2011 and currently operates six retail locations in Virginia and North Carolina.

For additional information, please contact Will Boland at (804) 728-3833 or wboland@CarLotz.com or visit www.CarLotz.com.

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