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.
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
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.