CarLotz, Inc. operates as a consignment-to-retail used vehicle marketplace that provides its corporate vehicle sourcing partners and retail sellers of used vehicles. The company serves corporate vehicle sourcing partners, which include fleet leasing companies, vehicle rental companies, banks, finance companies, third-party remarketers, wholesalers, corporations managing their own fleets, and original equipment manufacturers; retail sellers of used vehicles to individuals; and retail customers. It operates 22 retail hubs throughout the Mid-Atlantic, Southeast, Southcentral, Midwest, West, and Pacific Northwest regions of the United States. The company was incorporated in 2011 and is headquartered in Richmond, Virginia. As of December 9, 2022, CarLotz, Inc. operates as a subsidiary of Shift Technologies, Inc..

History

CarLotz was founded in 2010 after two friends decided to provide a better way to buy and sell used vehicles.

Mission

To provide the world's best automotive retail experience.

Vision

Our vision is to create the most reliable and customer-centric experience in the used vehicle industry.

Key Team

Ms. Elizabeth Sanders (Chief Admin. Officer)

Mr. Robert Imhof (Sr. VP of Fin. & Accounting)

Susan Lewis (VP of Investor Relations)

Jared Itkowitz (Director of Barclays)

Mr. Eugene Kovshilovsky (Chief Technology Officer)

Recognition and Awards

CarLotz has been recognized as one of the fastest-growing private companies in America by Inc. 5000 and a 2019 Virginia Chamber of Commerce Fantastic 50 award recipient.