The net car market firm quadrupled its gross sales in only one yr after starting operation in January 2021.

Carmigo, a Tupelo, Mississippi firm, hit a milestone just lately in its operations.

Carmigo is a web based car market connecting particular person sellers with dealerships. The corporate’s founders say Carmigo started out of the frustration of shoppers searching for a extra clear and handy option to promote their autos and seeing sellers search for a greater supply of stock than conventional auctions.

Based in January 2021, Carmigo bought simply over 1,000 vehicles in its first yr of operations. In 2022 – only one yr later – it has quadrupled its gross sales, promoting its 4,000th automotive.

“Final yr was an thrilling journey, seeing the used automotive market attain stratospheric highs earlier than plummeting again to earth,” mentioned Carmigo CEO and Founder Andrew Warmath. “We acquired to expertise that unprecedented development. However then we have been rapidly pressured to adapt and innovate with a purpose to develop when different firms in our business have been struggling.” 

As an alternative of holding stock like most on-line used automotive patrons, Warmath explains that Carmigo merely facilitates the transaction, making it simpler for each purchaser and vendor. 

“What makes us totally different is that we’re not targeted on the sale. We’re targeted on making the transaction simple and helpful for each events,” Warmath mentioned. “Coming from a dealership background, we all know how arduous it’s to examine and inventory high quality used vehicles, so we need to convey lot-ready vehicles to our dealership companions. We additionally know the way arduous it may be to promote your automotive. So Carmigo works to make it simpler for everybody by connecting these two wants at scale.” 

Carmigo expenses a flat purchaser and vendor price as an alternative of counting on margins that fluctuate from transaction to transaction.