2. What’s a Hoopdie ????
Hooptie, Hoopdie, Hoopty:
Any car that meets the following:
a) driver must enter car through passenger side
b) can't open the glove box as the whole thing will fall out
c) if you let go of steering wheel while driving you'll make a u-turn
d) has all the above issues but still has a $200 professional tint job
3. Our founders
Michael Ray, MBA: 20+ years experience in B2B industry.
Ben Boyd: 20+ logistical management experience in the US Army.
Andrea Searcy: 15+ years entrepreneurial experience as an B2B accountant.
What we believe:
No company debt.
We believe in what we do.
Our company is bootstrapped.
Quality postings over quantity postings. 2007 Explorer Sport Trac. 190K miles. Good Condition. Valued at 7K.
…and driven by our CEO
5. Cars available for sell nationwide
> $1,000 = 1,029
1-2K = 7,686
2-3K = 20,305
3-4K = 32,750
4-5K = 40,701
5-6K = 46,574
6-7K = 52,405
7-8K = 57,595
8-9K = 61,690
9-10K = 69,147
$16,335
This is less than 20% of the KNOWN
market. On the same day there were
13,583 listings on Craigslist, and that
was just Austin
Sourced: 1/18/16
6. Our competitors
• The big posting sites focus on
franchise dealers.
• Many used cars sites are scrapped.
• Free sites can attract bad people.
• Data quality is low.
7. Future trends
Unprecedented national debt ($56,518 per individual).
Federal Financial Woes (e.g. social security).
State and Local infrastructure issues (e.g. road maintenance).
Personal debt continues to rise, as does inflation.
Student Loans – enough said.
The middle class will continue to shrink.
10. Educating independent dealers
Posting accuracy
Postings delete in 30 days
No Pressure buying
No scrapping
Car type listed by distance
and max to 50 miles
No hidden fees (no sponsor
fees to stand out)
11. Educating consumers
Car Type
Example
Annual Cost of Ownership
for Maintenance
What you need to
make per hour
If you financed the
average car
Civic $ 6,957 $ 3.34 $ 5.26
Camry $ 8,839 $ 4.25 $ 6.17
Taurus $ 10,831 $ 5.21 $ 7.13
Explorer $ 11,039 $ 5.30 $ 7.22
Caravan $ 9,753 $ 4.68 $ 6.60
12. Connecting to the market
Tires
Insurance
Radios
Rims
Tint
Parts
Security
Mechanics
Duct Tape
We will create the largest database of cheap cars in the United States
14. What we need
Developer: Prefer Co-founder (site built on PHP and mysql).
Help us get the word out!
Mentors – Incubators? Angel Investing? Mobile or App?
www.HoopdieCars.com
info@hoopdiecars.com
@HoopdieCars
Fb.com/HoopdieCars
Instagram & YouTube: HoopdieCars
Yeah, but it’s paid for!