Carlotz Inc (NASDAQ: LOTZ), one of the most significant players in consignment to a retail used vehicle, recently stated that the company is most likely to open a hub for extending its services to the Los Angeles Metro area.
Second California location: Carlotz has around 85 Auto Center, and this will be its second hub in California to provide easy access to its services to Los Angeles customers. The hub is most likely to open by the end of 2021. The company is growing its network rapidly by providing its offering (services, values, and inventory) to Florida, California, North Carolina, Texas, Illinois, Washington states, and Virginia. In addition, the company has lined up its hub in Missouri, Georgia, and Colorada, which is expected to get operational shorty.
Provide seamless service to buy and sell: The company is on a mission to create or provide a seamless experience in buying and selling vehicles. To service its guests from various locations, the company rapidly expanding its footprint to make the mission look like a reality. As per the management, the second-hand or used car market is multiplying. With the opening up of a hub in California for Los Angeles guests, the company is expected to fill the used vehicle buying and selling market gap. In addition, Carlotz just opened a hub in Bakersfield, where the company serves their guest and sees that the guests or customers get more money when they sell their car and get value for money when they buy their car.
The company is also looking to hire a few candidates for service techs, sales coaches, managers, and various other roles across the locations to serve the guests nationwide. As per the street, it is believed that expanding Carlotz’s footprint will make the brand visibility stronger and achieve its stated mission quickly.