NewsLocal News

Actions

Richmond-based CarLotz opens up shop in Charlotte

Default-Image_1280x720.jpg
Posted at 10:48 AM, Mar 21, 2016
and last updated 2016-03-21 10:48:40-04

CHARLOTTE, N.C. — A local car consignment chain took an out-of-state road trip for its newest location. CarLotz opened a storefront this month in Charlotte, North Carolina. The expansion to the Tar Heel State is the 5-year-old company’s first outside of Virginia and its fourth car lot overall.

Since launching in 2011, the used car consigner has opened locations in Virginia Beach, Chesapeake, Midlothian and the West End. It also does motorcycle consignment at its Midlothian and Virginia Beach locations.

CarLotz co-founder Michael Bor said the opening in Charlotte has gone smoothly in part because that market previously had a car consignment lot, called Automotive Consignment, that closed several years ago.

“It’s less than a start-from-scratch like we did in Richmond,” Bor said. “The city’s and region’s familiarity with the concept is helping us.”

Click here to continuing reading on RichmondBizSense.