Auto Financial Group (AFG) and CarLotz announced a new remarketing partnership.
AFG’s clients will now have access to a comprehensive remarketing solution that will simplify their process and place vehicles for sale through the optimal channel to maximize the return on their portfolio.
“The partnership with AFG enables us to utilize our national retail remarketing footprint along with our combined wholesale expertise to ensure that AFG’s clients receive the greatest possible proceeds with an easy, one-stop solution,” says Michael Bor, CEO of CarLotz.
“We are excited to partner with CarLotz and open up a retail remarketing option for our clients,” says Richard Epley, CEO of AFG.
AFG’s clients will be able to send assignments electronically. Once an assignment enters the system, using data analytics and recent retail and wholesale experience results, the vehicle is placed in the channel predicted to yield the highest return.
AFG and CarLotz will handle transportation and reconditioning of the vehicle, as well as all necessary paperwork. Clients receive proceeds minus a flat service fee as soon as the vehicle sells.