Disrupting the Way Used-Cars are Sold.
The U.S. of Used Cars Breakdown of cars sold each year
Private Party 110 Billion
400 Billion in Total
40 Million Used
Trade-in 290 Billion 14 Million New
What’s the Problem? 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
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
List the Car The customer upload the car’s information at autoforce.co
Schedule An Inspection
Auto Force will have a 30-mintue car inspection at the customer’s convenience.
Receive An Offer The customer will receive an offer in 5 days.
Get Paid
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
High Mileage
Low Mileage
Old Cars
New Cars
Competitor Analysis Business Nature
Trade-in
C2B
C2C
C2C
5 Days
30 Days
60 Days
Range of Cars
5 Years Old Maximum
7 Years Old Maximum
Quality Constraints
Limited
Limited
Competitive Price Convenience Time to Sell
C2C
C2B
Partnership with Beepi
Inventory Exchange
• 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
Profit Model + Seller Fee
= Buyer Fee
Total
(2% Commission)
Potential Profits
Dealer Inventory Financing, Yields > 10% interest Auto Loan Financing for Bad Credit Consumer, Yields >24% Interest Rate Lead Generation for Dealership (B2C) Post-Sale Service
$450
Financial Data & Funding Status 21 17 13
10 6
3.98 Jan
Feb
20
14 # of Sold Cars $ Gross Revenue (k)
Mar
Sep 2015
Closed 200k Angel Round
Apr
Traction – More than 300 Cars Sold
M e e t
O u r
T e a m
Snow Wang,
Marketing Assistant, Graphic Designer snow@autoforce.co
Thank You!