Auto force snow 2016
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Disrupting the Way Used-Cars are Sold.
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Transcript of Auto force snow 2016
Disrupting the Way Used-Cars are Sold.
The U.S. of Used Cars
Breakdown of cars sold each year
40 Million Used
14 Million New
400 Billion in Total
Trade-in 290 Billion
Private Party 110 Billion
What is the single most important problem facing your business today?
Lack of Quality Retail Inventory
Economic conditions
Government regulations
Increased cost of doing business
Other
What’s the Problem?
Auto Force Is an Online Trade-in Center For individuals, we • Provide guaranteed offer in only 5 days • Do all the hard work for individuals
• Time-saving
For used-car dealerships, we • Source quality private party cars for used
car dealerships • Inspect the cars when we get them • Deliver the cars to dealerships
Biz Model Individual Customers
Step 1
Step 2
Step 3
Step 4
Receive An Offer
Get Paid
Schedule An Inspection
List the Car The customer upload the car’s information at autoforce.co
Auto Force will have a 30-mintue car inspection at the customer’s convenience.
The customer will receive an offer in 5 days.
The customer will get paid if he or she accept the offer.
Biz Model Car Dealerships
Condition Report to Dealerships It’s All Mobile!
Acquisition Channel
On Demand Inspection
Our Mechanics are available in 300+ cities Cost: $70 per car
Buyers
• 50 Used car dealerships signed up
• Including a tier-1 dealer group
Competitor Analysis
Lo
w M
ilea
ge H
igh
Milea
ge
Old Cars
New Cars
Competitor Analysis
Trade-in
Business Nature C2B C2C C2C C2C C2B
Competitive Price
Convenience
Time to Sell 5 Days 30 Days 60 Days
Range of Cars
5 Years Old Maximum
7 Years Old Maximum
Quality Constraints Limited Limited
Partnership with Beepi
• 70% Cars don’t pass Beepi inspection, offload to Auto Force
• Sell trade-in cars to Auto Force
• Source quality high-end cars
from Auto Force
Inventory Exchange
Profit Model
$450
Seller Fee (2% Commission)
Buyer Fee Total
+ =
Potential Profits Dealer Inventory Financing, Yields > 10% interest
Lead Generation for Dealership (B2C)
Auto Loan Financing for Bad Credit Consumer, Yields >24% Interest Rate
Post-Sale Service
Financial Data & Funding Status
13 10
14
21
3.98 6
17 20
Jan Feb Mar Apr
Closed 200k Angel Round
# of Sold Cars$ Gross Revenue (k)
Sep 2015
Traction – More than 300 Cars Sold
M e e t O u r T e a m
