CarLotz is expanding nationwide to increase its customer base.
"I am excited to announce that we are bringing our unique consignment-to-retail experience to new buyers and sellers of used vehicles in these two markets as we execute on our national expansion and growth plans for 2021," CEO and co-founder Michael Bor said in a release.
CarLotz will open new hubs in the Seattle — Lynnwood, Washington market, Orlando — Merritt Island, Florida; Arizona, California, Colorado, Georgia, Massachusetts, Nevada, Tennessee, and Texas, the company said.
CarLotz expects its expansion to provide an enhanced used-vehicle buying and selling experience to the new markets.
"Opening hubs in new markets presents a tremendous opportunity for CarLotz to gain ground in large and attractive regions of the country where the Company's business model can make a real difference for car buyers and sellers," Bor said. "We plan to open three to four hub locations per quarter this year, which will make buying and selling more lucrative and convenient for our clients and guests."
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