Shift SPAC Presentation Deck

The Used Car Market is Primed for Ecommerce Disruption Massive, Fragmented Market U.S. used vehicle sales $841BN 2019 U.S. Used Vehicle Market¹ Peer-to- Peer³ 50% Top 100 Dealer Groups² 6% 44% Other Dealer Groups¹ Ripe for Disruption Consumers trending towards online purchases Customer auto purchases involve 97% online research³ Population using online 3rd party 82% site for car shopping4 Of car shopping experience time 60% is spent online4 U.S. adults surveyed plan to use their 46% cars more often and public transportation less post COVID-19 5 Limited Digital Adoption ecommerce market penetration remains light in auto retail Auto Retail < 1% Groceries Pet Supplies Appliances Furniture Shoes Apparel Source: IDC, U.S. Census Bureau and Wall Street research Note: 'Edmunds Used Vehicle Report 2019, 2Automotive News Top 150 Dealership Groups: ³Capgemini Cars Online, "Cox Automotive Car Buying Journey Report, Capgemini COVID-19 and the Automotive Consumer 9% 21% 27% 28% 30% 32% 10

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