CarLotz Co-Founders Finalists for EY Entrepreneurs of the Year
CarLotz, a used vehicle consignment business with locations in Virginia, North Carolina, Florida, Illinois, and Texas, serving the sale-by-owner and corporate fleet vehicle market, today announced that Michael Bor, Aaron Montgomery, and Will Boland, CarLotz co-founders, are finalists for the EY Entrepreneur Of The Year® 2019 Mid-Atlantic Award. Widely considered one of the most prestigious business awards programs in the U.S., the EY program recognizes entrepreneurs and leaders of high-growth companies who are excelling in areas such as innovation, financial performance and personal commitment to their businesses and communities, while also transforming our world. The CarLotz co-founders were selected as finalists by a panel of independent judges. Award winners will be announced at a special gala event on June 13, 2019 at the Ritz-Carlton, Washington, DC. This is the CarLotz team’s second time being honored with this award.
“CarLotz was founded because we were frustrated with the process of buying and selling a used car,” said Bor. “We knew that we could create a solution, an innovative approach that would make it possible for a seller to get what their car was worth, without the hassle of selling it themselves, and at the same time a way for buyers to pay below traditional dealership prices. Over time we realized that our service is quite valuable to the corporate fleet vehicle remarketing industry and that has since become the fastest growing aspect of our business. Serving as a finalist for the EY Entrepreneur Of The Year® award is a true honor, but most of all it demonstrates that our unique model and our ability to creatively find new end markets to serve is making a difference throughout the industry.”
Now in its 33rd year, the EY program has expanded to recognize business leaders in more than 145 cities and more than 60 countries throughout the world. Regional award winners are eligible for consideration for the Entrepreneur Of The Year National competition. Award winners in several national categories, as well as the Entrepreneur Of The Year National Overall Award winner, will be announced at the Entrepreneur Of The Year National Awards gala in Palm Springs, California, on November 16, 2019. The awards are the culminating event of the Strategic Growth Forum®, the nation’s most prestigious gathering of high-growth, market-leading companies.
As the first and only truly global awards program of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses.
The CarLotz team was nominated for not only driving CarLotz’ growth trajectory but also for the team’s ability to inspire others with their vision and leadership. Since launching in 2011, Bor, Montgomery, and Boland have led the CarLotz team in the opening of multiple locations throughout Virginia, North Carolina, Florida, Illinois, and Texas.
Due the increasing demand for its unique vehicle consignment model, CarLotz is continuing to expand throughout the United States. In addition to its consumer consignment business, CarLotz is the country’s largest retail remarketer for commercial sellers, using its consignment model to enable leasing companies, fleet management companies, third-party remarketers, banks, credit unions and other financial institutions and even other dealerships to directly access retail buyers for vehicles they would otherwise sell through wholesale auctions. Through CarLotz, commercial consigners generate higher sales proceeds, while buyers gain access to a large inventory of well-maintained vehicles at a significant discount to traditional retail prices.
About Entrepreneur Of The Year®
Entrepreneur Of The Year®, founded by EY, is the world’s most prestigious business awards program for entrepreneurs. The program makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global awards program of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 145 cities and more than 60 countries. ey.com/eoy
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