Used Car Statistics Referenced from largest used car

Used Car Statistics • • Referenced from largest “used car dealer website in Singapore” Sgcarmart. com Different concept as our “BIDDO” concept Statistics from Singapore LTA (Land Transport Authority)

Proportion of Online Shoppers

Proportion of Online Shoppers by Age Group

Used Car Statistics (As of 22 nd Jan 2015) • • • Total Used Car listed: 21, 566 Available for Sale: 8, 790 Vehicles sold in last 3 days: 740 Vehicles added in past 3 days: 690 Vehicles for Auction: 66

Used Car Statistics (As of 6 th Feb 2015) • • • Total Used Car listed: 21, 876 Available for Sale: 8, 746 Vehicles sold in last 3 days: 725 Vehicles added in past 3 days: 618 Vehicles for Auction: 89

Example of LTA Statistics

Analysis from Year 2009 -2013

Analysis from Year 2009 -2013 • There is a increasing trend of transactions for used car since 2009 to 2013 • This is due to the rising COE prices since 2013 • Car buyers are looking for used cars these days • There is a downward trend for transactions for new cars • Biddo will leverage on this trend and to facilitate dealers in acquiring their inventory

Our Motivation • Great potential for Auction • Currently only available for banks to auction cars that default on bank loans • More efficient for car buyers and dealers • Build a user friendly and efficient platform for these sets of users • To bring advancement to the automobile industry