RICHMOND, Va. -

CarLotz said Monday it is launching a national hub network and will start with locations in the Seattle and Orlando, Fla., markets.

The consignment-to-retail used-car marketplace aims to have both hub locations open by Feb. 1.

CarLotz plans to open three to four hubs each quarter of 2021, including locations in Arizona, California, Colorado, Georgia, Massachusetts, Nevada, Tennessee and Texas.

“I am excited to announce that we are bringing our unique consignment-to-retail experience to new buyers and sellers of used vehicles in these two markets as we execute on our national expansion and growth plans for 2021,” CarLotz chief executive officer and co-founder Michael Bor said in a news release.

“Opening hubs in new markets presents a tremendous opportunity for CarLotz to gain ground in large and attractive regions of the country where the Company’s business model can make a real difference for car buyers and sellers,” Bor said. “We plan to open three to four hub locations per quarter this year, which will make buying and selling more lucrative and convenient for our clients and guests.”

He added: “These new hubs are vital to increasing buying and selling opportunities for customers, and to creating the exceptional experience customers have with CarLotz.

“New markets allow CarLotz to increase its customer base and addressable market, expand capacity and reduce shipping costs, which ultimately drives gross profit expansion,” Bor said. “Over the course of the next few years as we expand, more and more of North America will be able to get more money for their car and more car for their money.”

As detailed previously in Auto Remarketing, CarLotz and Acamar Partners Acquisition Corp., a publicly traded SPAC, announced on Oct. 22 they had agreed to a definitive business combination through which CarLotz would become publicly traded.

Acamar has a stockholders meeting scheduled for Jan. 20 to approve the merger. And the deal is expected to close on Jan. 22.