Andrew Warmath(Co-Founder/CEO – Carmigo) breaks down how they got their start, and how they are bringing jobs to North Mississippi by locating their headquarters in Tupelo.
Submit your vehicle’s information to begin start your vehicle profile on the Carmigo Marketplace.
Build Your Listing
Use our AI technology to take pictures of your vehicle and build your listing.
Start the Auction
Once built, your listing is uploaded to our marketplace, where dealers can competitively bid on your vehicle for one day (24 hours).
Auction Ends
If the final bid meets your satisfaction reserve (set before the auction), then your vehicle is sold. If your reserve was not met, we negotiate with the buyer on your behalf.
You Get Paid
We handle the paperwork, transportation, and even money transfer. And if you have a loan on your vehicle, we will pay it off and give any remaining profits back to you!
Andrew Warmath, Founder & CEO of Tupelo-based startup Carmigo, is looking to revolutionize the car-selling process. Carmigo bills itself as an online auto marketplace that helps individuals sell their vehicles directly to dealerships across the country in a one-day auction.
Submit your vehicle’s information to begin start your vehicle profile on the Carmigo Marketplace.
Build Your Listing
Use our AI technology to take pictures of your vehicle and build your listing.
Start the Auction
Once built, your listing is uploaded to our marketplace, where dealers can competitively bid on your vehicle for one day (24 hours).
Auction Ends
If the final bid meets your satisfaction reserve (set before the auction), then your vehicle is sold. If your reserve was not met, we negotiate with the buyer on your behalf.
You Get Paid
We handle the paperwork, transportation, and even money transfer. And if you have a loan on your vehicle, we will pay it off and give any remaining profits back to you!
Submit your vehicle’s information to begin start your vehicle profile on the Carmigo Marketplace.
Build Your Listing
Use our AI technology to take pictures of your vehicle and build your listing.
Start the Auction
Once built, your listing is uploaded to our marketplace, where dealers can competitively bid on your vehicle for one day (24 hours).
Auction Ends
If the final bid meets your satisfaction reserve (set before the auction), then your vehicle is sold. If your reserve was not met, we negotiate with the buyer on your behalf.
You Get Paid
We handle the paperwork, transportation, and even money transfer. And if you have a loan on your vehicle, we will pay it off and give any remaining profits back to you!
Submit your vehicle’s information to begin your vehicle profile on the Carmigo marketplace..
Build Your Listing
Use our AI technology to take pictures of your vehicle and build your listing.
Start the Auction
Once built, your listing is uploaded to our marketplace, where dealers can competitively bid on your vehicle for one day (24 hours).
Auction Ends
If the final bid meets your satisfaction reserve (set before the auction), then your vehicle is sold. If your reserve was not met, we negotiate with the buyer on your behalf.
You Get Paid
We handle the paperwork, transportation, and even money transfer. And if you have a loan on your vehicle, we will pay it off and give any remaining profits back to you!
Andrew Warmath, Founder & CEO of Tupelo-based startup Carmigo, is looking to revolutionize the car-selling process. Carmigo bills itself as an online auto marketplace that helps individuals sell their vehicles directly to dealerships across the country in a one-day auction.
Carmigo bills itself as an online auto marketplace that helps individuals sell their vehicles directly to dealerships across the country in a one-day auction.
“We connect the individuals with car dealers right now in Mississippi, Alabama and Tennessee,” said Andrew Warmath, the founder and CEO of the company.
Thirteen dealerships are currently in the Carmigo marketplace, but inquiries have been coming in from dealerships across the country.
“We do everything from building the listings to bringing the buyers to after the vehicle sells, when we handle all the paperwork, the transportation, the money transfer,” Warmath said.
Other sites like Carvana and CarMax can buy someone’s car or truck or SUV, but Carmigo raises the bar by offering multiple dealerships and multiple offers for a vehicle.
“Carmigo was founded because we saw the frustrations individuals had when either selling a vehicle on their own or trading it in,” Warmath said. “We are introducing competition where competition wasn’t previously.”
Carmigo’s online marketplace, which began in January, brings buyers directly to the user. It combines the convenience of trading in a vehicle, but with the competitiveness when self-selling.
Carmigo launched quietly in January with the hopes of selling 25 cars. Instead it sold 70.
“It was a soft launch with basic functionality, with the intent of getting some feedback and hear the pains people had, as well as success stories,” Warmath said.
With software developers in Nashville, Dallas, Los Angeles and elsewhere across the country, the site has been made more user friendly. And it was done just in time for the recent launch of Carmigo in Nashville.
Carmigo works through a multi-step process :
“The whole process was so simple and easy. All I had to do was type my VIN in and schedule an appointment … I got exactly what I was wanting for our car within 24 hours,” said Grady Hurley.
With Carmigo bringing dealerships that submit bids to the seller during a one-day auction, users can watch the auction live as real-time bids come in for their vehicle.
Much like a traditional auction, Carmigo allows the user to set a minimum price. If the minimum price is not met, the individual is not locked into selling their vehicle and the seller does not owe a fee. This guarantees that customers get the value that they want for their vehicle. Once the vehicle is sold the $150 fee is deducted from the vehicle proceeds.
With the recent uptick in used vehicle sales, and the lack of availability for new vehicle inventory, dealerships are focused on sourcing quality used vehicles, Warmath said.
“Dealerships have been just as excited to use our marketplace as sellers,” he said. “Dealers are looking everywhere for quality inventory right now and there is no other place like Carmigo that offers direct access to individual sellers.”
Carmigo announces Daniel Kim as Chief Operating Officer
Tupelo, MS. – January 3, 2021– Carmigo, the leading online car-selling platform to help consumers to easily sell their car for the best price, announced today the appointment of Daniel Kim as its Chief Operating Officer.
Kim brings over 10 years of technology experience in the automotive industry. He oversaw the post-merger integration of AutoTrader, KBB, vAuto, VinSolutions and Homenet into Cox Automotive as management consultant at Bain & Company and helped improve and standardize digital marketing for over 1,500 automotive dealerships as the founder and CEO of Orbee, a leading marketing cloud company designed exclusively for the automotive industry.
As COO at Carmigo, Kim will be working to help further create scalable processes in customer acquisition, refine Carmigo’s business model and find the right investment and strategic partners to help Carmigo achieve accelerated growth in the coming years. Kim’s unique and extensive experience in building technology companies and understanding of the automotive industry will aid in helping build Carmigo into a scalable company with the proper product-market fit.
“Andrew and the team at Carmigo have built an amazing industry-first consumer-to-dealership (C2D) auction platform to help consumers get the most for their vehicle while providing access to quality inventory to automotive dealerships.” said Daniel Kim. “I’m excited to join this team to help Carmigo realize its vision in revolutionizing the way consumers sell their vehicles and the way dealerships source their inventory.
Kim joins Carmigo at a critical moment in the automotive industry where inventory shortages have created a need for dealerships to find non-traditional sources to procure vehicles and a need for consumers to find the best price for selling the car in a price-volatile market.
“We are very excited to welcome Daniel to Carmigo. Daniel brings extensive industry and tech company building experience which will help provide guidance for our young and fast-growing company,” said Andrew Warmath, CEO and Founder of Carmigo. “We have learned so much in our first full year and I am excited to be working alongside Daniel to grow exponentially in the coming years.”
About Carmigo
Carmigo is an online marketplace helping individuals easily sell their car for the best price at the comfort of their home by allowing dozens of local dealers to bid on these cars. Carmigo helps sellers turn their car into cash in under 24 hours while giving dealership partners access to quality used car inventory. Founded in 2021, the company has helped thousands of individuals sell their used cars with a 5.0 rating. Carmigo was founded in Tupelo, MS and currently serves the Nashville, Birmingham, Little Rock, North Mississippi and Huntsville market.