The noun, 'lot', can be replaced by 'group' or 'bunch'. There is only one lot. Like you would say "a group of friends is playing", you should say "there is a lot of people here."
The English language disregards how many people are in question in the real life situation. It only regards whether or not the noun is plural or singular. And 'lot' is singular.
However, you could say 'there are lots'.
5870558 cars in Paris
a used car lot has 9 lanes for cars and 9 rows for cars in each lane. What is the exponential notation for the number of spaces on the lot? Can the owner fit 79 cars on the lot?
never knew there was a limit, I know a lot of people with a lot of cars in their stable.
Cars and More Cars has a lot of action and very little character development?
80
Quite a lot of them had cars.
there is a lot of cool cars on are earth
A car lot would sell cheap cars to attract customers and make more sales. A car lot might also sell cheap cars if the cars they are selling are poor quality.
That doesn't make a lot of sense but the answer is buy them.
cars
Usually the used cars dealerships sell the cars that are on their lot. But some times they trade used cars with other dealers at same or a different location and bring it for the customer. But again they prefer to sell the used cars on their lot.
a lot