Fins on sedar As of August 19, 2022, Carbeeza has fully onboarded 272 franchise dealerships in Western Canada plus Ontario with another 85 at various stages of the onboarding process. Inventory counts are also favorable, with 18,911 unique pieces of inventory on the Carbeeza platform. This represents 8% of Auto Trader’s national inventory count and 10%, 9% and 17% of Kijiji, Car Gurus and Hey Auto, respectively. In comparison to Auto Trader's Online and Kijiji's Shop Faster online/ecommerce offerings. we compare at120% and 27%.
This gap will continue to narrow as we enter the Ontario market. Carbeeza now has relationships with 20 of Canada’s largest inventory syndicators, with an added 2 more being actively worked on, as well as, 3 Dealer Group InHouse Syndication systems to ensure a successful rollout.
Carbeeza has not commenced earning revenues. The Company anticipates that it will commence earning revenue in mid2023, once it has completed its dealer onboarding process. The original estimate of revenues commencing in fiscal 2022 has been revised to account for the impact of the global chip shortage on vehicle inventories, which impacts dealers' priority to participate in a valueadd solution, like Carbeeza
offers.