Dealership chain closing half its stores, laying off 30% of workforce

A new store in Clearwater is among those shuttered as Virginia-based CarLotz cuts costs.


CarLotz is closing the Clearwater store it opened last year as part of major cost cutting. (Courtesy image)
CarLotz is closing the Clearwater store it opened last year as part of major cost cutting. (Courtesy image)
  • Tampa Bay-Lakeland
  • Share

A Virginia based chain of used car dealerships is closing half its stores in the country, including one it recently opened in Clearwater, and reducing its workforce by about 30%.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news

Latest News

Sponsored Content