Saved Vehicles

Used Car Disruptor Joining Carvana, Vroom in Bid to Move Industry Online

November 14th, 2020 by

We sell clothes online on consignment, so why not cars? Enter CarLotz, among the newest disruptors in the digital used car world, which has seen demand boom in times of Covid-19. The fast-growing, already nearly trillion-dollar market for used cars is a fragmented one, with thousands of dealers of all sizes, and the top 100…

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CarLotz Names Becca Polak as Chief Commercial Officer and General Counsel

November 10th, 2020 by

     Transformative Industry Veteran Tapped to Lead CarLotz’s Retail RemarketingTM Efforts to Fuel Next Stage of Growth   RICHMOND, Va.–(BUSINESS WIRE)–CarLotz, Inc., (“CarLotz” or the “Company”), a leading consignment-to-retail used vehicle marketplace, which recently announced it would become a public company via a merger that is subject to certain closing conditions with special purpose acquisition company…

Posted in Investors, News

Car resale startup CarLotz goes public with plans to expand

October 29th, 2020 by

    Following a pattern of growth and profitability that began a decade ago, Richmond-based CarLotz will become a public traded company as it works to grow and scale. The car resale startup operates nationwide with offices in several states and plans open new hubs in multiple locations over the next few years, CarLotz Chief Executive Officer…

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[video] Used car retailer CarLotz goes public

October 27th, 2020 by

      Yahoo Finance’s Alexis Christoforous and Brian Sozzi discuss the online used car industry with Carlotz CEO and Co-founder Michael Bor.   Watch Interview    

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Another Car Disrupter Is Coming to Market. Here’s What Investors Need to Know.

October 23rd, 2020 by

Article by Barron’s Used-car dealership disrupter CarLotz is set to go public by merging with a special purpose acquisition company, or SPAC: Acamar Partners Acquisition. CarLotz is growing fast and, if its growth goals are hit, it will be mentioned by investors in the same breath as larger peers Carvana (ticker: CVNA) and Vroom (VRM). CarLotz will trade under the ticker LOTZ once the deal…

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[video] Michael Bor CEO At CarLotz On How The Company Compares To Other Auto Retailers

October 23rd, 2020 by

    CarLotz CEO Michael Bor outlines the company’s business model and expansion plans then discusses the benefits of becoming listed via SPAC with Nicole Petallides:   Watch Interview    

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[video] Used Car Consignment Retailer Carlotz Goes Public

October 22nd, 2020 by

    CarLotz, the industry’s only consignment-to-retail sales business model for used vehicles, is going public via SPAC, and will be listed on the NASDAQ under the ticker symbol ‘LOTZ.’ CEO Michael Bor talks about the listing and some of the factors contributing to CarLotz’s growth.   Watch interview with Michael Bor   Source: Cheddar…

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Richmond-based CarLotz to expand nationwide, trade on Nasdaq in $827M deal

October 22nd, 2020 by

    Article by Richmond-Times Dispatch Less than a decade ago, it was three guys and a lot in Chesterfield County. Soon, it should be a nearly billion-dollar operation with a nationwide footprint. CarLotz, the Richmond-based former startup that sells used vehicles on consignment and splits profits with the owners, has shifted into the fast…

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The RVA 25: Announcing Richmond’s fastest-growing companies for 2020

October 8th, 2020 by

The RVA 25 is ranked by average annual revenue growth over the previous 3 years (2017-2019 for this edition).    View on Richmond BizSense     

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Carlotz Offers Unique Take on Used Car Play Beyond Pandemic

September 25th, 2020 by

Online used-car retailers like Vroom, Inc., Shift and Carvana Co. have thrived as the Covid-19 pandemic has sped up the adoption of e-commerce and the rejection of public transportation. Now Carlotz Inc., a privately held company that has seen exponential growth from its consignment model, may soon offer public investors a sui generis opportunity to…

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