Podcasts about carlotz

The world is seemingly upside down again as Ben Hadley joins the pod to chat about a digital asset auction gone wild, automated driving under scrutiny, and insurance companies getting more data than consumers may have bargained for.It's all fun and games until your favorite car gets in an accident…with technology at the wheel. Recently the IIHS has provided a rating of 14 driver assistance softwares across 9 manufacturers, all of which received marginal or poor marks.There's no evidence of real-world safety benefits from these systems, with the IIHS citing a lack of reduction in insurance claims.Despite Tesla's claims of safety, federal regulators are investigating nearly 1,000 accidents involving Autopilot.Lexus's Teammate with Advanced Drive system received an "acceptable" rating, standing out among its peers."We have been able to look at vehicles with and without these (systems) and determine there is no reduction in claims as a result of these more advanced systems," says IIHS President David Harkey.We all love the idea of a connected car, but it looks like insurance companies are taking liberties with the data available from manufacturers connected systems to determine insurance rates per driver.Kenn Dahl, a careful driver from near Seattle, was stunned when his insurance spiked by 21% due to data collected by his Chevy Bolt and shared by General Motors with LexisNexis.LexisNexis' report on Dahl detailed over 640 trips, monitoring speed, braking, and accelerations but not locations, affecting his insurance rates.GM and other automakers collect driving data for insurance purposes, often with driver consent buried in fine print or unknown to the driver entirely.Jen Caltrider, a researcher at Mozilla who reviewed the privacy policies for more than 25 car brands last year, called cars “a privacy nightmare.”How to Find Out What Your Car Is DoingSee the data your car is capable of collecting with this tool: https://vehicleprivacyreport.com/.Request your LexisNexis report: https://consumer.risk.lexisnexis.com/consumerRequest your Verisk report: https://fcra.verisk.com/#/After filing for bankruptcy in October, a California court has sanctioned the sale of Shift Technologies' digital assets, including domain names, trademarks, and social media accounts.TrueCar founder Scott Painter won the domain names, trademarks and social media accounts of Carlotz.com, Autoacquire.com, Canvas and Xchange Leasing for $35K. He also acquired the the platforms, patents and records of Shift and Fair Technologies for $120KA Canadian company (not automotive) also named Shift Technologies Inc. won the bid for the Shift.com domain and social media accounts with a $1,365,000 offer.Primera Management I, a Delaware LLC, snagged the Fair domain and social media accounts for $900,000.Hosts: Paul J Daly and Kyle MountsierGet the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/ Read our most recent email at: https://www.asotu.com/media/push-back-email ASOTU Instagram: https://www.instagram.com/automotivestateoftheunion

Today we welcome special guest host Todd Caputo to talk about the resilience of physical standalone used car models as well as some big price adjustments from Ford on their Mach EShow Notes with links:It's appropriate that our Charlotte, NC based guest Todd is our guest host today to celebrate on this day in 1948, NASCAR was founded by William "Bill" France Sr. Bill was a race-loving mechanic who moved to Daytona Beach, and saw much corruption amongst disjointed race promoters who would run off with prize money so he initiated NASCAR to standardize racing rules and ensure fair competition, serving as its first president and significantly influencing its growth to become a major American spectator sport and a multi-billion-dollar industry.Ford Motor Co. has significantly reduced the prices of the 2023 Mustang Mach-E, slashing costs by $3,100 to $8,100 across different models to enhance its competitiveness against Tesla.The price reduction is coupled with attractive financing offers, including 0% financing for 72 months for qualified buyers and a $7,500 cash incentive on leased vehicles, aiming to clear the path for the 2024 modelThe Mustang Mach-E is second to the Tesla Model Y in US sales. Despite not qualifying for the $7,500 federal tax credit,Ford CEO Jim Farley emphasized the need for affordable electric vehicles in the competitive market, with Ford developing a smaller, more affordable electric vehicle. "We are adjusting pricing," said Ford spokesperson Marty Gunsberg, highlighting the company's strategy to adapt to market dynamics and prioritize customer value.Despite the turbulent automotive market, some standalone used-car stores like Sonic Automotive's EchoPark have navigated through volatility with strategic adjustments, such as reducing store footprints to improve inventory allocation and sales.The industry has seen a shift from ecommerce platforms like Vroom, Shift, Carlotz, and Carvana to physical used-car outlets, emphasizing the resilience and adaptability of these business models to market dynamics.Sonic Automotive and other major players, such as AutoNation and Penske, have integrated additional services like F&I and repair to create synergies with their used-car operations, enhancing customer value and operational efficiency."Reducing our store footprint...allowed us to better allocate inventory across the platform," noted David Smith, Sonic's CEO, illustrating a strategic pivot towards a more focused and efficient operational model to weather the fluctuating used-car market.Hosts: Paul J Daly and Kyle MountsierGet the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/ Read our most recent email at: https://www.asotu.com/media/push-back-email ASOTU Instagram: https://www.instagram.com/automotivestateoftheunion

Our guest in this episode is Nanxi Liu, the Co-CEO and co-founder of Blaze Technology, one of the fastest growing platforms that enables teams to build software and web applications without writing code. She was named Forbes 30 Under 30. Nanxi previously served as CEO and co-founder of Enplug, a leading global digital signage software company that she led from startup to its successful acquisition by Spectrio in March 2021, generating a 200x return for her angel investors.Nanxi serves on the Board of Directors of CarParts.com, a leading ecommerce auto aftermarket parts company, and on the Board of Directors of Grupo Proeza, one of the largest private conglomerates in Mexico. Previously, she served on the Board of Directors of Kindred Biosciences, which was acquired by Elanco for $440 million. She also served on the Board of Directors of CarLotz, which she helped merge with Shift Technologies. She served as 1 of 5 voting members of the California DMV's New Motor Vehicle Board.In college, Nanxi co-founded and served as CEO of Nanoly Bioscience, a venture-backed biotech company that invented polymers that eliminate refrigeration for vaccines.In our conversation Nanxi talked to me aboutHow to build the culture of a company right from the beginning, setting consistent values;Bringing out and amplifying people's strengths;Creating an environment that's reflective of the company leadership.Listen to the podcast to find out more.

Neil Williamson, President of Free Enterprise Forum, Ned Gallaway, Albemarle County Board of Supervisors and General Manager of CarLotz, and Christine Jacobs, Executive Director of Thomas Jefferson Planning District Commission, joined Keith Smith and me on “Real Talk With Keith Smith” powered by YES Realty Partners and Yonna Smith! “Real Talk” airs every Monday, Wednesday and Friday from 10:15 am – 11 am on The I Love CVille Network! “Real Talk With Keith Smith” is presented by Ally Property Management, American Pest, BC Harrop Photo LLC, Charlottesville Settlement Company, LLC, Closure Title & Settlement Co., Fincham & Associates, Inc., Free Enterprise Forum, Intrastate Service Co, Keller Williams Alliance, Pearl Certification, Ross Mortgage Corporation, Sigora Solar, Stanley Martin Homes and YES Realty Partners.

This is an eventful Wednesday as we unpack some business and some drama while we talk about the Shift/CarLotz merger, GM forcing a very expensive subscription on buyers, Echo Park hiring a cutting edge social agency, and Google trying to shame Apple to get rid of it's blue imessage bubbles. Used Car retailers Shift and CarLotz announce mergerStock for stock transaction to be traded as SFT on Nasdaq Shift is an ecomm platform has primarily a west coast presence, while CarLots has a  mid-atlantic presence and is primarily a brick and mortar consignment modelShift will be cutting of its workforce (about 60%) through end of yearShifts current President, Jeff Clementz will become the company's CEOThey are expected to have a position of  $125m in cashTake away: Consolidation is moving beyond franchised dealers, but can it holdGM to force Buick, GMC and Escalade buyers to pay $1500 for 3 years of Onstar at POSPrice included in separate section of the sticker and is included in the MSRP of all ordered Buicks and GMCs June 2 and Escalades ordered starting July 18Customer pays even if the service is never activatedRack rate is $49.99, the baked in pricing comes to 41.67 with an auto renew at full priceGM's research resorts that customers subscribe to 25 products and services and will spend $135 per month on them on avgGMs goal is to have $20-25B in sub revenue by 2030Take away: Forcing customers to buy something they weren't buying before doesn't seem like a winning strategyEcho Park retains VaynerMedia as Agency of Record Former Mazda N/A CMO Dino Bernacchi started working at EchoPark in October and said that's “when the company really decided to shift gears on the trajectory of growth and start building more than just an infrastructure of locations.”Now that infrastructure has been laid, it's time to “actually build the brand” said BernacchiVayner CEO, Gary Vaynerchuk said the agency will handle creative, strategy, analytics, and more with a focus on socialTake away: We've been waiting for someone to do this at scale, the good news is, everyone can take this approach todayGoogle to launch shaming, er marketing campaign to pressure Apple to adopt universal messaging formatTrying to push adoption of the RCS, universal messaging formatOne tweet from Android reads “iMessage should not benefit from bullying. Texting should bring us together, and the solution exists. Let's fix this as one industry”Take away: Where do we start on this one? Get the Daily Push Back email at https://www.asotu.com/Rock with us LIVE at ASOTU CON! Tickets: https://www.asotucon.comJOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/Read our most recent email at: https://www.asotu.com/media/push-back-emailShare your positive dealer stories: https://www.asotu.com/positivityASOTU Instagram: https://www.instagram.com/automotivestateoftheunion

On this episode of the Growing with Purpose podcast, host Paul Spiegelman speaks with Aaron Montgomery, the CEO of Montgomery Development Group, Co-Founder of CarLotz and author of Suspend Your Disbelief: Short Stories That Are Long On Wisdom.  Aaron grew up in Detroit, raised by his mother, as well as her large family. From them, he learned the value of education and stories, and even got a lifelong, prophecy-filling nickname: Mr. President. After going to a private high school thanks to a scholarship, and eventually Harvard Business School, Aaron recognizes that he's benefited from experiences and environments that aren't available to everybody. But he's also seized opportunities when they're available. In high school, he asked a friend's dad if he could work at the man's car dealership during his summer holidays. Through this, Aaron was able to learn the ins and outs of car sales, which eventually led to him co-founding CarLotz. He and his co-founders strove to make CarLotz a different kind of dealership, for customers and employees alike. Those changes quickly proved to be beneficial for business; but more than the numbers, Aaron is proud of the culture they created.  “The real impact to me was felt when you saw the difference.” Now, Aaron's written a book, structured in stories - an homage to his grandpa - and hopes to reach young people through it so that they can learn from his experiences. He's also working on himself, practicing patience, and focusing on the journey rather than the destination.

It's full speed ahead this Monday as we hit the ground running on some lingering items from last week and take a fresh look at what's happening with Automotive, retail, consumer demand, and preview what's in store this week as we move toward closing out June with massive momentum. Catch up stories from last week:Carlotz closes 11 stores (50%) and reduces workforce by 25-30%Consignment model, went public in 2021 (share price 11.49 to .46)May release facilities to ‘interested parties'New Tesla Factories are 'gigantic money furnaces' - MuskProducing a ‘puny' amount of vehicles compared to what they could if supply lines were freed upHigh gas prices aren't swaying owners and buyers toward smaller carsIn 2008 gas was over $4 and there was an exodus to smaller, more fuel efficient vehiclesIn some segments, there has been an almost 50% increase in fuel efficiency, like the 2022 4WD F150 that has 21 mpg combinedOnly 17% of SUV owners say they want to downsizeIt's all about supply. Very few sedans even being made comparatively to 2008EV sales are substantially up over 2008, but that is also due to availabilityTake Away: You can't change your new car inventory, but you can make some lifestyle marketing cues from this dataVehicle subscription options making a comeback because of EV hesitancyEV leasing company, Autonomy, offers as little as 3 month subscription for Tesla Model 3 with flex payment options between 1k down and 1k mo and 4,900 down, $490/moCapitalizes on ‘try before you buy' value propAll fees and insurance included, doesn't show up on your credit reportTake Away: Find a pain point, and work to solve for it. Several retailers (Target, Walmart, Gap, American Eagle) consider  the ‘returnless return'With shipping, and logistical cost at all time highs, it's sometimes cheaper to have consumers ‘keep it'Net margins 1-5%. Return handling costs can be 15-30%Some companies already have a glut of inventory from many spring clothing itemsThe downside can be extensive fraudTake Away:  Creative solutions often require us to let go of the way it has always been doneGet the Daily Push Back email at https://www.asotu.com/Listen to other episodes: https://www.asotu.com/media/podcastsRead our most recent email at: https://www.asotu.com/media/push-back-emailShare your positive dealer stories: https://www.asotu.com/positivity----Rock w/ us on social:Insta: https://www.instagram.com/automotivestateoftheunion/ Twitter: https://twitter.com/asotu_ Tik Tok: https://www.tiktok.com/@ASOTU FB: https://www.facebook.com/automotivestateoftheunion Pinterest: https://www.pinterest.com/automotivestateoftheunion/_created/ 

Ned Gallaway, Albemarle County Board of Supervisors and General Manager of CarLotz, and Neil Williamson, President of Free Enterprise Forum, joined Keith Smith and me on “Real Talk With Keith Smith” powered by YES Realty Partners and Yonna Smith! “Real Talk With Keith Smith” airs every Tuesday and Friday from 10:15 am – 11 am on The I Love CVille Network! “Real Talk With Keith Smith” is presented by Charlottesville Settlement Company, LLC, Pearl Certification, Intrastate Inc., Scott Morris – Home Loans and Sigora Solar.

Ned Gallaway, Albemarle County Board of Supervisors and General Manager of CarLotz, Neil Williamson, President of Free Enterprise Forum, joined Keith Smith and me on “Real Talk: An Insider's Guide To Real Estate In Central Virginia” powered by YES Realty Partners! “Real Talk” airs every Tuesday and Friday from 10:15 am – 11 am on The I Love CVille Network! “Real Talk” is presented by Charlottesville Settlement Company, LLC, Pearl Certification, Intrastate Inc., Scott Morris – Home Loans, Shenandoah Joe and Sigora Solar.

Ned Gallaway, Albemarle County Board of Supervisors and General Manager of CarLotz, joined Keith Smith and me on “Real Talk: An Insider's Guide To Real Estate In Central Virginia” powered by The YES Team Realtors and Yonna Smith! “Real Talk” airs every Tuesday and Friday from 10:15 am – 11 am on The I Love CVille Network! “Real Talk” is presented by Charlottesville Settlement Company, LLC, Pearl Certification, Intrastate Inc., Scott Morris – Home Loans, Dairy Market, Shenandoah Joe and Sigora Solar.

Aaron Montgomery and his partners disrupted the century-old used car sales business when they created CarLotz, the nation's largest consignment to retail used car marketplace,  right here in Richmond, VA.Aaron's  upbringing as the only child of a single mom in Detroit, Michigan prepared him for this and much more.   In fact, CarLotz is just one of many momentous chapters in Aaron's story, each one built squarely on the last.  He is an adept curator of all his experiences big and small, and the man himself will likely be the moral of his own story.*   We are absolutely certain you will enjoy this conversation, naturally divided into two sections to encompass the breadth of the interview.  Aaron Montgomery is at once delightful, insightful, humorous, and inspiring.  By the end I'm sure you will see why we couldn't help but dub him “The Disruptor.”  * “Suspend Your Disbelief” copyright 2020 by Aaron Montgomery 

Aaron Montgomery and his partners disrupted the century-old used car sales business when they created CarLotz, the nation's largest consignment to retail used car marketplace,  right here in Richmond, VA.Aaron's  upbringing as the only child of a single mom in Detroit, Michigan prepared him for this and much more.   In fact, CarLotz is just one of many momentous chapters in Aaron's story, each one built squarely on the last.  He is an adept curator of all his experiences big and small, and the man himself will likely be the moral of his own story.*   We are absolutely certain you will enjoy this conversation, naturally divided into two sections to encompass the breadth of the interview.  Aaron Montgomery is at once delightful, insightful, humorous, and inspiring.  By the end I'm sure you will see why we couldn't help but dub him “The Disruptor.”  * “Suspend Your Disbelief” copyright 2020 by Aaron Montgomery  

Michael Bor is an experienced entrepreneur with over 20 years in finance, automotive wholesale and retail, fleet management and leasing, vehicle remarketing, technology, business development, sales, mergers and acquisitions, and management. Currently, Michael is founder and CEO of CarLotz, a high growth start-up that's revolutionizing the way consumers and commercial vehicle remarketers (leasing companies, banks and financial institutions, and large dealership groups) sell their vehicles...at retail versus wholesale. Michael founded CarLotz with two partners and has raised five rounds of angel, seed, traditional bank, specialty finance, and institutional capital (both equity and debt) to grow the business. In 2021, CarLotz became a public company through a SPAC merger and now trades on the Nasdaq under the ticker symbol LOTZ. Michael is also the Founder and Chairman of Orange Grove Fleet Solutions, a commercial fleet vehicle leasing and fleet management company. Prior to founding CarLotz, Michael was a Director in the Transportation and Logistics Group at Harris Williams & Co., a leading middle-market Mergers and Acquisitions advisory firm, where he worked for 7 years. Prior to Harris Williams, Michael was an investment banker with Lehman Brothers and a financial fraud investigator with PricewaterhouseCoopers. Michael's experience includes long-term assignments in New York, Tokyo, London, and now Richmond, VA where he currently lives. Michael serves on the Virginia Motor Vehicle Dealer Board. He holds an MBA from Harvard Business School and a BS cum laude in Finance from Lehigh University.

Carlotz Aktie: Autokauf einfach online mit besonderem Geschäftsmodell - Interessant nach Absturz?

Michael Bor, co-founder and CEO of Carlotz and Matthew Ehrlichman, CEO, Chairman and founder of Porch discuss their successful experiences with Special Purpose Acquisition Companies (SPACs), why they're trendy today, and how to prepare if you're thinking about going the SPAC route.  To see this in its full webcast form, visit corumgroup.com/resource-center

Michael Bor, co-founder and CEO of Carlotz and Matthew Ehrlichman, CEO, Chairman and founder of Porch discuss their successful experiences with Special Purpose Acquisition Companies (SPACs), why they're trendy today, and how to prepare if you're thinking about going the SPAC route.  To see this in its full webcast form, visit corumgroup.com/resource-center

CarLotz (LOTZ) earnings report indicated -$0.15 in EPS and $56.6M in revenue with 1Q retail unit sales increasing 76% year-over-year. The company is a consignment-to-retail used vehicle marketplace with a tech-enabled buying, sourcing, and selling model. Its CEO Michael Bor says that the company plans an expansion to California in the "coming months."

Aaron Montgomery is an innovative leader and entrepreneur with nearly 20 years experience in strategy, operations, sales, and talent management. Aaron is the Co-Founder of CarLotz, a high growth start-up that is disrupting the used vehicle sales market through its innovative consignment store model and customer-focused culture. Aaron is also an adjunct professor at Virginia Commonwealth University and a speaker on simplifying complexity, lean start-up, innovation, and entrepreneurship.

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.

Ed Pierce, Owner of Meriwether Springs Vineyard & Brewery, and Alex Urpí, CEO of Emergent Financial Services, LLC, joined me live on The I Love CVille Show! The I Love CVille Show headlines (Tuesday, March 16) 1. When will Fridays After Five Return to the Downtown Mall? https://www.nbc29.com/2021/03/16/charlottesvilles-fridays-after-five-may-return-may/ 2. CarLotz opening a Charlottesville, Va location https://richmond.com/business/carlotz-to-open-store-in-the-charlottesville-area/article_49cd18d3-d30a-51e1-b21c-03f6c9f19314.html 3. How much does March Madness generate in revenue? https://www.cnbc.com/2021/03/16/with-1-billion-on-the-line-march-madness-is-ready-for-its-comeback.html 4. Ryan Fitzpatrick is coming to Washington. https://www.espn.com/nfl/story/_/id/31073251/ryan-fitzpatrick-washington-football-team-agree-free-agent-deal-source-says The I Love CVille Show airs live before a worldwide audience Monday – Friday from 12:30 pm – 1:30 pm on The I Love CVille Network. The I Love CVille Show is powered by four generation strong Intrastate Inc., trusted limo company Camryn Limousine, the talented Dr. Scott Wagner of Scott Wagner Chiropractic and Sports Medicine, custom home builder John Kerber of Dominion Custom Homes and entrepreneur Patricia Boden Zeller's Animal Connection – All Natural Store for Healthy Pets.

Aaron Montgomery is a true motivational force. The former founder of CarLotz and current Chief Strategy Officer at Mission Lane has added a new title to his extensive resume: author. Aaron has written his first book, "Suspend Your Disbelief," to serve as inspiration (and motivation) to young people who face similar settings and challenges as he did growing up. The book is a collection of short stories with powerful lessons. These lessons apply to all ages and can serve as a guide to anyone struggling to find their path to success. We never know the heights we can reach until we break through the barriers that hold us back. We have to be able to visualize our goals, no matter how out of reach they seem. Often times the barriers that are holding us back are internal. Aaron is a living testament of what can be done if we suspend our disbelief. Please visit www.AaronMontgomery.com to get a copy of the book. Each purchased copy will be matched by a donated book to a child.

In this episode, Hugh and Dan discuss: Interview with CarLotz CEO & Co-Founder Michael Bor, Their SPAC Merger with $ACAM, Theme Changes in the Market, Short Squeezes & Position Sizing. 21-year-old millionaire Hugh Henne and his host, Dan, Deity of Dips dive into the stock market in a fun yet informative way (Prod. by Vinny Strokes and Starsky). The above references and Podcast are an opinion and are for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.

CarLotz is now officially a publicly traded company. It began trading on NASDAQ on Friday, following the completion of its merger with Acamar Partners Acquisition Corp., a special purpose acquisition corporation on Thursday. Auto Remarketing's Joe Overby caught up with CarLotz CEO Michael Bor on Friday to talk about this landmark day in the company's history.

Every team has to work at forming better as a team. Executive leadership teams are not immune. Today we look at how to increase alignment with the leadership team. Our guest is Michael Bor, CEO at CarLotz. Inc Magazine ranked CarLotz #435 on the 2019 Inc 5000 list. CarLotz is a consignment store for used vehicles. Michael shares insights on how to increase alignment with the leadership team. We talk about some simple strategies that you can use to improve the performance of your team. Get the show notes for Ways to Increase Alignment with the Leadership Team with Michael Bor at CarLotz Click to Tweet: Listening to an amazing episode on Growth Think Tank featuring Michael Bor at CarLotz with me your @GeneHammett http://bit.ly/gttMichaelBor  #IncreaseAlignmentwiththeLeadershipTeam #Leadership #Culture #GHepisode653 #GTTepisodes #Podcasts Give Growth Think Tank a review on iTunes!

Becca Polak returns to the show to talk about her new role as chief commercial officer and general counsel at CarLotz, what stood out to her about the company and more. Plus, she talks about her experience serving on the board of the 2022 Indy College Football Playoffs.

In this episode of Black Wall Street Today with Blair Durham, Aaron Montgomery shares how he came up with the idea of CarLotz, What it means to be innovative and how he empowers his students to be innovative & He also shares about a new initiative Mission Lane and a book he is releasing. Marcia talks about the business of being a Virtual Assistant and the importance of the relationship a VA has with their client, Confidentiality, and Integrity. She also shares how a client can make the most of their time with a VA. Links: www.carlots.com & www.simplebusinesssolutionsnc.com Interested in sponsoring the podcast? Email BlackWallStreetTodayPodcast @ gmail. com. The Black Wall Street Today (BWST) radio show is focused on all things Black entrepreneurship and hosted by Virginia Tech alumnae Blair Durham, co-founder and co-President of Black BRAND. BWST occurs live in the studios of the historic and prestigious HBCU Hampton University. The BWST podcast is produced by using selected audio from the radio show and other Black BRAND events. BWST is the media outlet for Black BRAND. Black BRAND is a 501(c)(3) organization that stands for Business Research Analytics Networking and Development. We are Hampton Roads Regional Black Chamber of Commerce. We promote group economics through professional development and community empowerment, and we unify the black dollar by providing financial literacy, entrepreneurship training, and networking resources! http://blackbrand.biz m.me/blackwallstreettoday + info@blackbrand.biz + (757) 541-2680 Instagram: www.instagram.com/blackbrandbiz/ + Facebook: www.facebook.com/blackbrandbiz/ All music by #GrandpaCrunk - Jazzy Version of Shimmy Shimmy Ya – Jashsaun Peele and Grandpa Crunk. https://youtu.be/tp25ToCluBI Produced by Seko Varner for Positive Vibes Inc. http://www.PositiveVibes.net + (757) 932-0177 Fix your credit yourself: https://positivevibes.myecon.net/my-credit-system/ Debt consolidation & Private Money lending: PositiveVibesFinancial@gmail.com Start your own financial business: https://positivevibes.myecon.net/lp/wfh-v1/?a=1-930503E- --- Send in a voice message: https://anchor.fm/black-wall-street-today/message

Michael Bor, chief executive officer of CarLotz, provides an update on the company and how its stores and operations have adjusted to the pandemic, as well has how they have begun to recover. Plus, Bor discusses the online car-buying option from CarLotz, its work with commercial consignors, the gap between wholesale and retail prices, expansion plans and more.

Welcome to Episode 019 of the Lead. Learn. Grow. podcast. In this episode, we chat with Michael Bor, the Founder and CEO of CarLotz.  Michael has an undergraduate degree from Lehigh University and earned an MBA at the Harvard Business School.  Michael takes us on a fascinating journey through an entrepreneurial journey that began as a teenager, putting small screws onto a small box, and led him to founding one of the fastest-growing private companies in North America. Listen to Michael talk about his trusted notebook, where he'd sketch out one-page business plans on a variety of ideas - one of which led to CarLotz. Michael is a leader in Richmond's fast-growing entrepreneur ecosystem and shares a number of key concepts and ideas that'll help you in your business and life.  Thanks for listening! *** On the podcast, I announce a complimentary training session I'll be doing on the morning of June 20th on Digital Prospecting at (fingers crossed!) our new Sandler Training Center. When this releases to the public, it will fill up quickly. As a podcast listener, you can save a seat by texting "SAVE MY SEAT" to 804.914.1723.  *** If you enjoy our podcast, please rate and review. You can also subscribe so you'll be notified of new episodes as they are released.   

Michael Bor, the Founder and CEO of CarLotz, grew his company's revenue from $2 million in 2014 to $24.7 million in 2017, a 1,107% increase, and to around $35 million in 2018. CarLotz is the consignment store for cars, where buyers save money, and sellers can get a cash offer today, or consign for thousands more. In this interview with Eversprint's Malcolm Lui, Michael shares how he and his team accelerated their high value sales by: Opening eight stores over the past eight years across the country. Growing the commercial car sales side of their business. Reducing staff turnover to well below industry levels. See acast.com/privacy for privacy and opt-out information.

“The consignment store for cars” has its roots in Richmond, but has quickly expanded beyond the mid-Atlantic region. In this episode, CarLotz Founder & CEO Michael Bor discusses his decision to leave behind a career in investment banking and the hurdles his organization has overcome in the pursuit of success.

092 | CarLotz co-founder Will Boland talks about making the leap from investment banking to entrepreneurship, the challenges and benefits of leading a growing company, and what it means to build a life resume. How did Will become an entrepreneur? What was the inspiration for CarLotz? What experience during his work in investment banking gave Will the motivation to become an owner/manager? Will is 2nd generation FI. What did his journey look like? How did Will present and convince his family that it was a good idea to pursue entrepreneurship instead of continuing with his well-paying job? Did Will accumulate significant student loans while completing his undergraduate degree and master’s? What is a life resume, and does Will keep track of his? What role have mentors played in Will’s career? Will has been very open and honest with mentors and co-workers about his specific goals. How does he create an environment at CarLotz to encourage the same from his employees? Why didn’t Will’s mentor want to see his business plan? What was the thought process when Will and his co-founders could only secure small startup investments?   What is the advantage of selling a car on consignment? What hiccups did CarLotz overcome in their early days of business? “If you aren’t embarrassed by the first iteration, you’re launching too late.” How does Will encourage employees to share good ideas? Why do pursuing FI and starting a business complement each other well? How did Will and his co-founders create space to share work-place challenges within their partnership? Has Will caught up, financially, to where he’d be if he had continued his job in investment banking? Is he happy with where he’s at? Does CarLotz need to be a financial success in order to keep Will on track to reach financial independence? Why is running Will’s favorite life hack?   For more information, visit the show notes at https://ChooseFI.com/092

Disrupting an established industry with Aaron Montgomery Why did you go into business for yourself? Was it for the chance to be in charge, to create your own path, to find the intersection of what you love to do with a way to make money doing it? It's safe to say that our next guest felt that way. Aaron Montgomery will tell you he feels incredibly fortunate to be doing what he loves - in an industry he is passionate about. But he will also tell you it's not an easy journey - that some parts of growing a successful business keep him up at night. He, alongside partners Michael Bor & Will Boland, have grown CarLotz, a consignment store for cars headquartered in Richmond, Virginia, to six locations in two states. What you will learn in this episode: *How the idea behind CarLotz formed *Why Aaron left a lucrative job for the uncertainty of a startup *How CarLotz was able to secure a half-million dollars in venture funding based on an innovative idea *The in-depth process of getting venture capital to back your business *What keeps Aaron up at night as the business grows *Aaron's habits for business success Links mentioned in this episode: To learn more about CarLotz and find the location near you, click here.

Michael Bor, CEO and founder of CarLotz, Inc. joined our program to share with us his path to CarLotz, Inc. CarLotz is a car consignment business serving clients in the Richmond, VA area. Michael talks about how his successful business model has created a niche in the automobile industry.