Carmigo just sold the 4,000th car on its online used-car marketplace. The Mississippi-based automotive tech startup is poised to continue its exponential growth in the coming year despite an industry-wide market slowdown.
TUPELO, MISS. (PRWEB) FEBRUARY 21, 2023
Carmigo, a Mississippi-based technology start-up, just sold its 4,000th car.
This milestone comes while other online tech companies in automotive continue to struggle.
“Last year was an exciting ride, seeing the used car market reach stratospheric highs before plummeting back to earth,” said Carmigo CEO and Founder Andrew Warmath. “We got to experience that unprecedented growth. But then we were quickly forced to adapt and innovate in order to grow when other companies in our industry were struggling.”
Carmigo sold just over 1,000 cars in its first year of operations after launching in January 2021. Now, after only one more year, the Tupelo-based company has quadrupled its sales.