Investor Presentaiton

29 29 EXPANDING OUR FOOTPRINT NATIONWIDE THROUGH PROVEN HUB OPENING PLAYBOOK CarLotz Today ~0.02% penetration of used vehicle market in 2019 CarLotz in 5 Years ~0.15% penetration of used vehicle market 1 Chicago, IL 8x growth Midlothian, VA Richmond, VA Chesapeake, VA Greensboro, NC Charlotte, NC San Antonio, TX CarLotz headquarters Tampa, FL Existing CarLotz hubs O Hub coverage¹ Nationwide e-commerce coverage (completed sales in all 50 states) CarLotz headquarters Existing CarLotz hubs Identified new openings Potential future locations Coverage First Set of New Hub Openings Already Identified by a Dedicated Real Estate Team Repeatable model based on proven playbook Assumes average new hub with inventory of ~390 New hub sells 1,600 vehicles in year one (35% sell through) growing to 2,600 vehicles in year five (56% sell through) By comparison, existing hubs on average reported sell-through of 42% in first 6 months and 56% when mature Average retail price growth of 3.7% per year, driven primarily by mix (compared with 11% growth in past 12 months) Typical coverage is ~300 miles from a CarLotz hub. Some corporate vehicle sourcing partnerships expand coverage to up to 1,000 miles, depending on inventory type. carlotz

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