CarLotz explains impact of consignment pause from sourcing partner

CarLotz filed a Form 8-K with the Securities and Exchange Commission on Wednesday, explaining that its “profit-sharing corporate vehicle sourcing partner” has notified CarLotz that it has paused consignments to the company, given the condition of the wholesale vehicle market.

CarLotz declined to share the name of the sourcing partner, citing a legal agreement, but Auto Remarketing caught up with chief executive officer Michael Bor on Wednesday for additional context.