CarLotz Now in Virginia Beach

CarLotz Now in Virginia Beach
CarLotz Announces Opening of Virginia Beach Store

HAMPTON ROADS AND RICHMOND, VA – April 9, 2015 – CarLotz, the consignment store for cars, announces the Grand Opening of its fifth retail location and its second in Hampton Roads at 5055 Virginia Beach Boulevard, near the Virginia Beach Town Center development in Virginia Beach, VA.

CarLotz, a Virginia-based used vehicle consignment business serving the sale-by-owner and corporate vehicle and motorcycle markets, today announced the grand opening of its consignment and retail store at 5055 Virginia Beach Boulevard.

“We opened our first Hampton Roads store on Military Highway in Chesapeake near Greenbrier in 2012, and the reception to our concept in this area has been terrific,” said Michael Bor, CarLotz CEO. Bor continued, “Our plan was always to expand the concept in this region with several stores so that we can conveniently serve sellers that want more money for their cars and buyers that want more car for their money. We’ve had the pleasure of serving our military, civilian, and corporate customers at our Chesapeake store for the past two years, and we are excited to expand our consignment model to Virginia Beach. CarLotz sellers make thousands more than trade-in value per vehicle, and buyers save 10-20% vs. traditional retailers, so the auto consignment concept creates a win-win for the Hampton Roads community.”

The shop at 5055 Virginia Beach Boulevard creates space for up to 50 vehicles outdoors as well as space for approximately 30 motorcycles indoors. Motorcycles will be housed at The Bike Shop by CarLotz, a motorcycle consignment boutique also located on-site. John Foley, CarLotz’ Hampton Roads Area Manager said, “I joined the CarLotz team earlier this year, and it’s been a wild ride! The concept has taken off in the Norfolk-Virginia Beach area with our Chesapeake store doubling in volume and the launch of our Virginia Beach Boulevard location. The positive customer feedback I hear every day reinforces the value that this consignment model brings to this area. I look forward to having more and more guests from this area experience the CarLotz model.” A formal grand opening is scheduled for Friday, May 8th with the Hampton Roads Chamber of Commerce, food, drinks, and giveaways.

About CarLotz, Inc.
CarLotz (www.CarLotz.com) is a used vehicle consignment business that is driven to make the peer-to-peer or sale-by-owner market the primary channel for used vehicle transactions. CarLotz enables sellers to achieve greater vehicle values without the traditional hassles of the sale-by-owner market, such as meeting with strangers, arranging for financing and warranties, and handling burdensome DMV paperwork. CarLotz was founded in 2011 and has since helped thousands of private sellers and buyers as well as companies with fleets save time and money by transacting safely and efficiently. The Company has been frequently featured in media outlets including NBC, Fox Business, The New York Times, Fast Company, TheStreet.com, The Richmond Times-Dispatch, The Virginian Pilot, and others.

For additional information, please contact Michael Bor, CEO of CarLotz at (804) 728-3833 or mbor@CarLotz.com or visitwww.CarLotz.com.

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