We are in the business of auction and vehicle remarketing services industry, providing a venue for sellers to dispose of or liquidate vehicles to a broad domestic and international buyer pool. Vehicle marketers typically operate from multiple facilities where vehicles are processed, viewed, stored, and released to the buyer. While companies in this industry remarket vehicles through a physical auction or a hybrid internet and physical auction, we sell virtually all our vehicles on our internet selling platform VBP1, thus eliminating the requirement for buyers to travel to an auction location to participate in the sales process. Although there are other sellers of vehicles, such as banks, finance companies, charities, fleet operators, dealers, vehicle rental companies, and individuals, our primary sellers of vehicles are insurance/ government agencies or companies. The proposed primary buyers of vehicles at our auctions are vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, exporters, and the general public online with the Auto & Equipment Auction Company, We are in the Auto & Equipment Remarketing Industry. Based on the volume of vehicles purchased, vehicle dismantlers, which we believe are the largest group of vehicle buyers, either dismantle a salvage vehicle and sell parts individually or sell the entire vehicle to rebuilders, used vehicle dealers, or the general public. Vehicle rebuilders and vehicle repair shops generally purchase salvage vehicles to repair and resell. Used vehicle dealers generally purchase recovered stolen or slightly damaged vehicles for resale.
https://test.asperauction.com
Our strategy is to offer integrated services to vehicle sellers globally, nationally, or regionally by acquiring or developing facilities in new and existing markets. We integrate our new acquisitions into our global network and capitalize on certain operating efficiencies resulting from, among other things, the reduction of duplicative overhead and the implementation of our operating procedures. We intend to implement our pricing structure and auction procedures and attempt to introduce cost efficiencies at each of our acquired facilities by implementing our operational procedures, integrating our management information systems, and redeploying personnel, when necessary. As part of our overall expansion strategy, our objective is to increase our revenues, operating profits, and market share in the vehicle remarketing industry.
SECONDARY LINE OF BUSINESS:
IMPOUND OF DISABLED & ACCIDENTED CARS & TRUCKS. WE ARE GOING TO BE WAREHOUSING DISABLED CARS & TRUCKS FOR NIGERIAN POLICE.
ROAD SERVICES:
FLAT TIRE, LOCKED OUT THE CAR, BROKEN DOWN CARS, DEAD BATTERY. WE WILL GET YOU WHERE YOU NEED TO BE QUICKLY AND SAFELY. OUR FRIENDLY PROFESSIONAL DRIVERS WILL TREAT YOU & YOUR VEHICLE WITH THE UTMOST CARE.
COMMERCIAL SERVICES:
DON’T LEAVE YOUR EMPLOYEES STRANDED ON THE ROAD, OUR FLEET OF 20 TRUCKS WILL GET YOU & YOUR COMMERCIAL VEHICLES BACK ON THE ROAD IN NO TIME OR THE MECHANICS SHOP OF YOUR CHOICE, MINIMIZING THE IMPACT ON YOUR OPERATION.
MUNICIPAL SERVICES:
PARTNER WITH US TO ENSURE THE SAFETY OF YOUR WORKERS & AGENCY PERSONNEL OUR RECORD PROVES WE CAN REMOVE ACCIDENT VEHICLES QUICKLY, GETTING TRAFFICK MOVING AGAIN & AGAIN. IN ADDITION, OUR INNOVATIVE TECHNOLOGY WILL STREAMLINE YOUR OPERATIONS AND IMPROVE WORKERS' SATISFACTION.
PRIVATE PROPERTY:
NEED TO BE ABANDONED OR UNAUTHORISED VEHICLES REMOVED FROM YOUR PROPERTY OR YOUR STREETS. WE SPECIALIZE IN QUICK REMOVAL TO ENSURE THE ACCESSIBILITY AND SAFETY OF YOUR BUSINESS.
VEHICLE AUCTION:
LOOKING FOR A BARGAIN, ATTEND OUR MONTHLY AUCTIONS AND CHECK OUT OUR SCHEDULE FOR A LISTING OF VEHICLES.
MASS MOVING / RELOCATION SERVICES:
WE CAN SAFELY & QUICKLY REMOVE A MULTITUDE OF VEHICLES.
1) Define your business in one sentence.
Asper is a leading online automobile auction company based in Nigeria.
2) Identify Your Market Size
The market size of Asper in Nigeria or in Africa is at best described in areas where government budgets for public transport infrastructure and operations are limited, the ability to move people and goods depends on the availability of affordable vehicles. Motorized transport is thus a lifeline, providing access to health services, education and work, and new opportunities.
While individual mobility is mostly covered with two- and three-wheelers in large parts of low- and medium-income countries (LMICs), cars and vans, especially as taxis and other communal modes of transport, help offer mobility – and with it, social mobility.
High-quality used cars imported into LMICs could be (and already are) therefore an opportunity for such countries. However, the costs are becoming ever more visible: carbon emissions and air pollutants are on the increase, respiratory health conditions are on the rise, and roads are unsafe.
While many developed markets are aligned on the decarbonization of cars in the next 10-15 years, a truly just net zero transition requires accountability for the outdated carpool that LMICs are left with. And without the decarbonization of road transport everywhere, such a transition is impossible.
Africa is the ultimate destination for some
40% of used light-duty vehicles. Central Asia receives another sizable chunk. Half of these cars do not meet the fuel economy, exhaust emissions, and safety standards imposed by their original home countries today.
3) Showcase Market Growth
The export of used cars increases every year. In 2015, 3.4 million used cars were exported globally, by 2019 this had
increased to nearly 5 million.
for most industry participants.
The 23.1% yearly growth of the global automobile industry between 2000 and 2019 may be over due to various disruptions from 2019 to the present. Disruptors include the pandemic-imposed restrictions, chip shortages, inflationary crisis, and the consequence of Brexit and the Russia and Ukraine crisis.
Global automobile sales dipped again in 2022 after recovering 2.9% in 2021 from 63.8% in 2020. Toyota, leading automobile sales in Q1 2022, lost 0.33%, followed by Volkswagen Group and Mitsubishi after losing 1.1% and 1.22% each.
However, few African countries defied this decrease in car sales trend. Africa's new vehicle sales recovered by 32% as of June 2022, with Northern and Southern Africa topping the list due to growing government initiatives and ride-sharing mobility.
Despite the flood that affected automobile plants in South Africa, including Toyota South Africa Motors, South Africa recorded a sale of 20,577 vehicles, an increase of 13.7% compared to 2021. And Nigeria sold about 5,179 units as of June, an increase of 0.7%. In contrast, Kenya and Morocco's vehicle sales dropped by 38% and 21.34%, respectively.
With the global electric vehicle market, Africa remains the lowest. Out of 12 million cars, South Africa, which has the most developed e-mobility market in Africa, will have roughly 1,000 electric vehicles (EVs) in 2022. Kenya, with an estimated 2.2 million registered vehicles, has 350 electric vehicles only. In Nigeria Q1 and Q2 2022, electric vehicle sales rose by 0.8% and 1.0%, respectively.
According to Statista, the global automobile industry will regain at least 10% by 2023, based on the transition to sustainable mobility and the increasing need for automobiles across countries. The automotive sector remains a crucial contributor to countries' economies, as the industry contributes up to 3% to the global gross domestic product amidst inflation and shortages.
Factors Necessitating Automobile Sales In Africa
The unequal rate of automobile sales in Africa in 2022 can be associated with some factors, and they include:
- Increase in ride-hailing services and on-demand transport
The African ride-hailing services market is expected to grow at a CAGR of 9.0% from 2021 due to its fast adoption and proliferation across African countries. Uber, one of the first ride-hailing companies in Africa, reached a record of 1 billion rides in 2022. Bolt has tripled its customers to over a hundred million and added 2 million new drivers to the platform. African-centered ride-hailing startups (SafeBoda, Plentywaka, SolarTaxi, etc.) have also recorded notable achievements, such as startup funding, strategic partnerships, and an increasing customer database.
These services promote vehicle ownership and ultimately boost automobile sales.
2. Digitization of Africa's logistic sector
According to Fitch Solutions, the rise of new e-logistics startups like Sendy, Lori Systems, and Kobo360 promotes greater demand for and sales of commercial vehicles. This also aids the digitization of logistics as a business.
3. Growing Government Initiatives
Several African governments have taken remarkable steps towards a more structured automobile industry since the formation of the Association of African Automotive Manufacturers (AAAM).
There are favorable reforms and policies, such as a tax holiday and duty exemptions of up to 10 years for car companies that set up a local assembly plant in Nigeria, Kenya, and Ghana.
There is an increase in government infrastructure, such as roads, electric car chargers, and so on, to facilitate transportation across African countries. Morocco has installed the largest electric charging network in Africa, with 688 electric vehicles on its roads, as South Africa, Kenya, and Uganda attracted more investments in electric charging stations.
There have also been strategic partnerships and free trade agreements. Nigeria partnered with Israel and Japan to assemble electric vehicles by 2023. This strategic partnership is similar to that of other African countries.
3. Competition among automobile makers and retailers
Automakers and retailers compete with various marketing strategies and automobile models to improve automobile sales in 2022.
This strategy includes the shift to electric vehicles and auto finance, allowing prospective customers to buy a car and spread payment for a period. Though Africa is yet to reach Europe's 92% auto finance level, about 5% of African automobiles are auto-financed.
This has proven effective across the African automobile market.
4. Regionalisation and online sales bring automakers and retailers closer to prospective customers. And as such, it enhances the brand experience and sales.
Conclusively, the African automotive market is controlled by various macroeconomics biting deeply into its growth like other automobile markets. However, some indicators point to its earliest rebound in 2023.
4) How Are You Going to Monetize It......
With high demand, tight supply, and fewer incentives offered by the manufacturer, it’s not a surprise that the average transaction prices of new vehicles have been at record levels in 2022. One interesting trend has been the increased shift towards crossovers and light trucks compared to smaller cars which are more fuel efficient. It remains to be seen whether rising gas prices will swing this pendulum back.
In addition to high vehicle prices, the total retailer profit per unit realized by auto dealers has also reached record levels. According to the monthly forecasts from
JD Power and
LMC Automotive, profitability from this metric has been between $4,900 and $5,300 per unit since December 2021. As a point of comparison, this same metric totaled only $2,053 per unit in December 2020.
While the monthly totals in the first and second quarters of 2022 have fluctuated slightly, there doesn’t seem to be any indications yet of this trend changing.
Supply of New Vehicles
Evidence of the tight supply of new vehicles in the last few years can also be seen in the lack of inventory on auto dealer lots across the country. It’s not uncommon to see more empty spots on the lot than spots filled with new inventory.
Another similar measurement of the lack of inventory is the average time in days that a new vehicle sits on the lot before it is purchased. The monthly forecasts provided by JD Power and LMC Automotive report these figures between 19 and 20 days for each month in 2022, a slight uptick in the December 2021 figure of 17 days. As a point of comparison, this metric totaled 72 and 71 days for December 2018 and December 2019.
The projection is to register in the first year of our operations, a minimum of 10,000 members @ $400.00 = $4,000,000.00....
Buyer fee of 20% of the sales price of any automobile sales
Virtual bidding fees of 5%
Gate Fees of 5% and all other associated third parties services
by the third year, we should be able to have made over $10,000.000.00
All other associated services, like impound, Towing services, and Road Services, should be able to bring @ the end of the first year $2,000.000.000 and by the end of third year, we should be looking at $10,000.000.00...
5) Traction, please view our business plan and 3 Years of our Audited account...
6) Team Highlights,
We have a team of Professionals on staff, and we are proposing to hire more professionals
Mr. Saheed J. Ashogbon