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…
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…
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…
