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Investor Presentaiton

CARLOTZ PLAYS IN THE LARGEST AND MOST PROFITABLE MARKET SEGMENTS Focused on largest and most profitable used vehicle market segments 5% Used Car Industry Sales by Age of Car Focus for CarLotz 28% 56% Car Listings by Body Type¹ 5% 5% 10% 3% 5% 2% 1% 4% 3% 12% 20% 11% 13% Most inventory 1-2 yrs 3-5 yrs 6-10 yrs 11+ yrs representative of used vehicle market Proportion of Car Listings by Age of Car Largest proportion of pick-ups and vans, the most 24% profitable and fastest growing segments carlotz SHIFT 25% CARVANA 68% 48% vroom 76% 75% carlotz SHIFT CARVANA 50% 39% 43% 45% 57% 52% 48% 44% 32% 33% 36% 25% Vroom 67% New Used Vehicles Market Vehicles carlotz CARVANA Vroom SHIFT Market 1-3 years 4+ years Car ■SUV ■ Pick-up ■ Van 1 Source: E-commerce listing data from company websites; Manheim, NIADA Used Car Industry Report 2019; Auto Dealer Monthly; Edmunds Millennial Car Shopping Report; Experian, CarStory by Vast Data as of August 10, 2020. Used vehicles industry based on Manheim auction sales mix. 17 carlotz 31%

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