CarLotz plans first hub in Peach State

RICHMOND, Va., June 24, 2021 (GLOBE NEWSWIRE) – CarLotz (NASDAQ: LOTZ), the nation’s largest retail consignment used vehicle market, today announced the opening of its first hub in Georgia. Located at 4400 Stone Mountain Highway in Lilburn, the hub will provide CarLotz customers in the greater Atlanta area with easy access to its service, value and inventory. The hub is expected to open later this year.

“We believe it is essential to have national reach, but serving local communities is a competitive advantage. Said Michael Bor, co-founder and CEO of CarLotz. “We have been selling cars on consignment and selling cars to Georgians through our online marketplace for years, and now we are delighted to open this hub which will serve customers in the region with even greater ease and convenience. We are excited to be able to offer customers in Georgia greater access to our consignment model while also being part of the community in which our teammates live and work, ”continued Bor.

CarLotz’s entry into Georgia and continued expansion in the Southeast will allow even more customers to enjoy the benefits of buying and selling through the company’s unique consignment model. These benefits include:

• Up to $ 1,000 or more in value for vehicle sellers and vehicle buyers.
• Each vehicle is subjected to a 133-point inspection.
• CarLotz Sales Coaches are non-commissioned and CarLotz prices are no haggling, so our only job is to make sure you leave satisfied with the vehicle you want.
• Buy however you want: You can buy a vehicle online and we’ll deliver it, or you can come work in person with our highly trained sales coaches and test drive your next vehicle before you buy it.
• CarLotz offers financing for everyone, and everyone has three days to redeem their purchase for any reason and a 30-day guarantee, just in case.
• If you have a vehicle that you need to get rid of, you can trade it in, we can buy it, or you can entrust it through us for thousands more.

CarLotz’s mission is to create the world’s best vehicle buying and selling experience for consumers and commercial shippers. CarLotz operates its full omnichannel offering through hubs in Virginia, North Carolina, Florida, Illinois, Tennessee, Texas and Washington State, as well as California, Colorado and Missouri (all three soon to be opened).

CarLotz is currently recruiting for dozens of open positions, including sales coaches, service technicians, managers and other positions at the new location as well as at several other sites across the country. To learn more and to apply, visit www.carlotz.com/careers or contact careers@carlotz.com.

For more information, visit carlotz.com.

About CarLotz, Inc.

CarLotz is a used vehicle consignment and Retail Remarketing â„¢ business that provides our corporate vehicle supply partners and used vehicle retailers the ability to access the retail channel previously unavailable, while simultaneously offering buyers prices that are, on average, lower than traditional dealers. Our mission is to create the best vehicle buying and selling experience in the world. We operate a technology-driven buying, sourcing and selling model that delivers a seamless omnichannel experience and a comprehensive vehicle selection, while enabling a fully contactless end-to-end e-commerce interface that allows for hassle-free buying and selling. Our proprietary Retail Remarketing â„¢ technology provides our corporate vehicle procurement partners with real-time performance metrics and data analytics, as well as customized business intelligence reports that help optimize pricing and sorting. vehicles between the wholesale and retail channel. Through our market model, we generate significant value for sellers and buyers through price, selection and experience.

CONTACTS:
Media inquiries
CarLotzPR@icrinc.com
leslie.griles@carlotz.com

Analyst requests
CarLotzIR@icrinc.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7f3f5c20-2161-4141-8f2a-0f13e8b1b23c.