Auto force snow 2016
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Auto Force is used car trade-in/buying platform. This is a 10-mintue version of the presentation.
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Auto force snow 2016
- 1. Disrupting the Way Used-Cars are Sold.
- 2. 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
- 3. 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?
- 4. 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
- 5. 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.
- 6. Biz Model Car Dealerships Condition Report to Dealerships It’s All Mobile!
- 8. On Demand Inspection Our Mechanics are available in 300+ cities Cost: $70 per car
- 9. Buyers • 50 Used car dealerships signed up • Including a tier-1 dealer group
- 11. 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
- 12. 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
- 13. 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
- 14. 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
- 15. Traction – More than 300 Cars Sold
- 16. M e e t O u r T e a m
- 17. Snow Wang, Marketing Assistant, Graphic Designer snow@autoforce.co Thank You!