CarLotz and Auto Financial Group announced last week a new remarketing partnership that will provide AFG clients access to a comprehensive yet simplified remarketing solution.
“The partnership with AFG enables us to utilize our national retail remarketing footprint along with our combined wholesale expertise to ensure that AFG's clients receive the greatest possible proceeds with an easy, one-stop solution,” said Michael Bor, CEO of CarLotz.
“We are excited to partner with CarLotz and open up a retail remarketing option for our clients,” said Richard Epley, CEO of AFG.
AFG's clients will be given access to send assignments electronically, an initial step to maximize the return on their portfolio by placing their vehicles for sale through an optimal channel.
Once the assignment has been recognized by the system, data analytics will be utilized to predict which vehicle would yield the highest return. CarLotz and AFG will be responsible for paper works, the transportation and reconditioning of the vehicle. Ultimately, clients will receive proceeds with a deduction of a flat service as soon as the vehicle sells.