CarLotz was originally launched in Richmond, VA and was co-founded by Aaron Montgomery. Having an extensive background in the automotive industry, I continue to keep my pulse on what is going on in that industry. I stumbled across CarLotz while researching some business models and was impressed with their setup. It wasn't until I was speaking to a friend about Black-owned dealerships that he told me about Aaron, who happened to be a high school friend of his.

Instead of sinking millions of dollars into inventory - which is the bulk of used dealership expenses - CarLotz only sells consignment vehicles. This model has allowed CarLotz to expand into 5 locations in Richmond, Norfolk, Greensboro and Charlotte.

So if you are looking to buy or sell your next vehicle, contact your local CarLotz consignment store!