CarLotz (LOTZ) CEO Talks Revenue

<p>Michael Bor explains how LOTZ differs as an ecommerce vehicle company relative to traditional used car dealerships. The company business model is a unique consignment to retail based vehicle marketplace. LOTZ reported earnings whereby retail unit sales increased 12% year over year and net revenues increased 40% relative to the same quarter in 2019. In 2021, the company plans to open between 3 to 4 hub locations per quarter.</p>