CarLotz will be opening its second branch in the Chicago area later this year.
This second Chicago-area hub will be located approximately 20 miles north of downtown Chicago at 250 Skokie Valley Road in Highland Park, Illinois.
“The great people of the Windy City have embraced CarLotz’s consignment model,” Michael Bor, cofounder and CEO of CarLotz, told Intrado GlobeNewswire. “Our Downers Grove hub has successfully served our guests in the greater Chicago area since 2018, and we are so excited to make it even easier for them to get more money for their car and more car for their money.”
CarLotz has a unique business model ideally suited for Chicago metropolitan area clients seeking a smarter way to purchase or sell used vehicles. According to its website, the company was created because its founders were not satisfied with the standard process of selling a used car.
CarLotz says its “innovative approach helps sellers get what their car is worth without the hassle of selling it themselves, and buyers pay below traditional dealership prices."
The first hub in Downers Grove is roughly 30,000 square feet and can house more than 500 vehicles, according to PR Newswire. The Chicago-area expansion into Highland Park is part of CarLotz's plans to conduct more business in the Midwest.
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