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Press release content from Globe Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Globe Newswire
Press release content from Globe Newswire. The AP news staff was not involved in its creation.

CarLotz Opens Hub Serving St. Louis Metro Area

August 23, 2021 GMT

RICHMOND, Va., Aug. 23, 2021 (GLOBE NEWSWIRE) -- CarLotz (NASDAQ: LOTZ), the nation’s largest consignment-to-retail used vehicle marketplace, announced today it has opened a hub to serve the St. Louis metro area. Located just outside of St. Louis at 1807 W Highway 50 in Fairview Heights, Illinois, the hub will provide CarLotz’s guests with easy access to its service, value and inventory.

“We are so excited to work with the people of St. Louis and be a part of this wonderful community,” said Michael Bor, Co-Founder and CEO of CarLotz. “Our one-of-a-kind consignment model provides guests with buying and selling benefits they won’t find anywhere else,” Bor continued. “Those benefits generate, on average, up to $1,000 or more in value for both sellers of vehicles and buyers of vehicles along with unparalleled customer service. Our guests leave with a feeling of excitement and pride around becoming part of the CarLotz used car family. We are thrilled to open our doors to the St. Louis community.”

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CarLotz is on a mission to create the world’s greatest vehicle buying and selling experience for consumers and commercial consigners. The St. Louis hub is the company’s third location in the Midwest, with two additional locations in the greater Chicago market. CarLotz continues its rapid expansion, providing its full omnichannel offerings to guests in California, Colorado, Florida, Illinois, Missouri, North Carolina, Tennessee, Texas, Virginia and Washington State as well as Georgia and Nevada (both coming soon).

CarLotz is currently hiring for dozens of open positions including sales coaches, service techs, managers, and other roles at the new location as well as several other locations around the country. To learn more and apply, visit  www.carlotz.com/careers  or reach out to  careers@carlotz.com.

For additional information, visit  carlotz.com

About CarLotz, Inc.

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CarLotz is a used vehicle consignment and Retail Remarketing™ business that provides our corporate vehicle sourcing partners and retail sellers of used vehicles with the ability to access the previously unavailable retail sales channel, while simultaneously providing buyers with prices that are, on average, below those of traditional dealerships. Our mission is to create the world’s greatest vehicle buying and selling experience. We operate a technology-enabled buying, sourcing, and selling model that offers a seamless omni-channel experience and comprehensive selection of vehicles, while allowing for a fully contactless end-to-end e-commerce interface that enables no hassle buying and selling. Our proprietary Retail Remarketing™ technology provides our corporate vehicle sourcing partners with real-time performance metrics and data analytics, along with custom business intelligence reporting that enables price and vehicle triage optimization between the wholesale and retail channel. Through our marketplace model, we generate significant value for both sellers and buyers through price, selection, and experience.  

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

Analyst Inquiries
CarLotzIR@icrinc.com    

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/159b5249-bcf5-4617-bbd3-faeea702fb2c