AutoSavvy

Industry: Consumer

Investment Date: May 2018 - Present

Status: Unrealized

Background

Headquartered in Woods Cross, Utah, AutoSavvy is the largest branded title vehicle retailer in the U.S. AutoSavvy leverages a network of 490+ vehicle rebuilders to turn branded title vehicles into best-in-market inventory. Vehicles undergo an initial 151-point inspection, followed by several further inspections before being listed for sale, and are sold to consumers who save 15-20% on average compared to a comparable clean title vehicle. 

Active Ownership

ONCAP works closely with the company on the following initiatives:

• Further penetrating existing markets and open new markets

• Adding consumer financing providers

• Improving systems and training

• Engaging value-added advisors

Investment Thesis

ONCAP was attracted to AutoSavvy for several reasons, including its: (i) highly attractive unit economics on new sites; (ii) proprietary processes for mass-scale purchases and retailing of quality rebuilt vehicles; (iii) attractive free-cash-flow characteristics; (iv) market-leading position in a unique niche; and (v) recession-resistant characteristics relative to new car dealerships.

^{The example shown is being provided for illustrative purposes only in order to assist investors in better understanding the investment strategies, processes and analysis used by ONCAP in implementing investment strategies. There is no assurance that similar investment opportunities will be available in the future and no assurances can be given as to the manner of performance of such investments.}