Investor Presentaiton

MASSIVE, UNDERPENETRATED MARKET SUPPORTING MULTIPLE DISRUPTIVE PLAYERS $841 Billion Fragmented Market...1 2019 U.S. Used Vehicle Market (42 million vehicles) Peer-to-Peer Transaction 50% ...With Early E-commerce Penetration E-commerce Penetration Across Industries ...And Consumers Ready for Change -Top 100 US Dealer Groups 6% Auto Retail 1.0% Groceries 9.0% Pet Supplies Other Appliances Dealer Groups 44% Furniture CarLotz ~0.02% Shoes CarLotz currently represents ~0.02% of U.S. used vehicle sales Apparel 21.0% 27.0% 97% of vehicle purchases involve online research² 28.0% 30.0% ~70% 2019-2021 e-commerce volumes estimated CAGR4 1 Source: IDC, U.S. Census Bureau, Wall Street Broker Research, National Auto Auction Association, IHS, National Automobile Dealer's Association Edmunds 2019 Used Vehicle Market report. 16 2 Capgemini Cars Online 3 Cox Automotive Car Buying Journey Report 4 Average of e-commerce volume growth for Carvana, Shift and Vroom, including respective segments, as applicable 32.0% 82% of population uses online 3rd party site for vehicle shopping³ carlotz

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