Investor Presentaiton

1 20 20 2345 CARLOTZ RETAIL REMARKETING™M PROVIDES SIGNIFICANT VALUE CarLotz' corporate vehicle sourcing partners earn on average ~$1,000 more by Retail Remarketing™ through CarLotz than by selling at wholesale 2016 Jeep Renegade 50,550 miles Select Case Studies¹ 2014 Lexus RX 350 54,987 miles 2016 Ford Escape 99,002 miles 2018 Ford F-150 20,917 miles Auction Value² $9,984 Auction Value² $19,370 Auction Value² $8,073 Auction Value² $34,208 CarLotz Retail Price³ $15,500 CarLotz Retail Price³ $23,000 CarLotz Retail Price³ $11,400 CarLotz Retail Price³ $37,300 Retail Net of Fees $13,800 & Expenses4 Retail Net of Fees & Expenses4 $21,048 Retail Net of Fees & Expenses4 $9,775 Retail Net of Fees & Expenses4 $36,091 Lift5 $3,816 Lift5 $1,728 Lift5 $1,702 Lift5 $1,883 Days to Sell 6 days Days to Sell 11 days Days to Sell 24 days Days to Sell 40 days Corporate sellers often have a fiduciary duty to maximize fleet value on behalf of their clients Actual representative transactions. Auction Value uses Manheim Market Report ("MMR") average on date of sale, net of fees. CarLotz Retail Price is the actual price CarLotz sold a particular vehicle for. Retail Net of Fees & Expenses equals the net check remitted to Carlotz' client. Lift calculated as Retail Value Net of Fees & Expenses less Auction Value. carlotz

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