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Cango Inc. American Depositary Shares, each representing two (2) Class A Ordinary Shares
Q4 2022 Earnings Conference Call
3/10/2023
spk_0: and good evening everyone welcome for kangaroo a fourth quarter and forget my situation to any comfort cool at the time opposite the british earlier the a large the pull it off or being broadcast live on the company i always thought joining up should i understood city you are you in chief executive of the bush and the masses and chief financial officer the company following management prepared remarks they will conduct for human a session the pages in arusha you to the fate of affect me in the company that and which also apply to the conflict call today at management will be making forward looking statements which i think i announce what telling the cool over majority are you enjoying the iau a pleasure go ahead
spk_1: roger how are you from your combo or in our near the city do teacher needs or bought them more we have a one on welcome to can go for caught on and four year twenty twenty two on of course already on yeah we should join under each move onto only an issue to do she went on to them both of you took issue with are your dollar tree which didn't change or to the jujitsu so dark boy border younger years ago huge on a boat with which is or need us away from balmy up minter put are you into the work aren't you don't have the tada totally and assume that under do june one portrays you guys into george on the year should
spk_2: ancient twenty twenty two was the challenging yet multiple headwind including cause a pandemic supply to disruption bunch of shortages continue to create significant other than to than the auto industry in addition political and economic or more for wide have profound they impacted or at the back of the fighting including china auto industry despite his contract and challenging external environment can go have that they progress the law is new strategic world map demonstrating a strong were thalia's
spk_1: are you are near so thermoses issues are jews who did a younger version for joe you bamian just showing the and preach will tumble whole also issued lawyer turnbull how to a tv shows you see if she they're building or food armed you double our ship toward or shuttle oh you one the appeared our shelters aren't you go he trio were pushing younger it does your to join to put your far are sort of ah mia farrow realtors authors your soldier the the terrible huge or a preview trilogy hunger tudor seem to have shares a border joey to support for suitable for a goal number one man do our daughters own soil usual
spk_2: can go under when they become from formation the thing twenty twenty two for a new coach writing transaction business we launched our can go hot your app engine following of that before they blow off the go how to many program in twenty twenty one week gradually integrated the no way of going to die for the product into the market system only one platform in october providing deal with won't stop comprehensive contrary evolution and going on courses forces the your car trading transaction fees business we launched our can go you call many pro were in may and develop all can go yorker app at the end of twenty twenty two can go your app encompasses functions such as vehicles or thing on my car research on my options transaction support of it is about a digital services to meet to diverse need of new car dealers
spk_1: woman issue for jobs was are chomping are soldier one good you each eventually should he should open creatures are sure yet what are you in or tumble dry as you join pewter the the she fewer jobs to what you are so school to bush's torture are a on a decent you do also seizure don't rule may be said injury barbie to jump into the said she didn't church oh you for your shoulder me be seduced are year dungeon some did also he told by the bus bar want me to dump our friends are just sit there are are you are new to india also suspicions on solar mean be secured and barnier cheadle altered your you for we're also little way that mean be should have enough term beatles all top buttons buses every bout automotive transaction forbid platform copper and both a new car a new car market have been largely established
spk_2: withdrawal market feedback back and dear demand testify to be bothered to say about transformation into a transaction civic platform with one view proposition total revenue in the fourth quarter of twenty twenty two were four hundred and ninety million rmb up seventeen percent quarter over quarter revenue from contracting transactions with four hundred and thirty million rmb op twenty four point two percent quarter of a quota according for accounting for over eighty eight percent of total run if he knew the whole you hotel revenues were one point nine eight billion are be of which are a bit of which revenue from koch trading transactions with one point six billion on be accounting for over eighty percent
spk_1: don't show the your father do them to shoot or two more to eat was a woman that you don't do financial turmoil that she did he is warm and you choose which are you hoping to that your digital through the woman to cheese or tool for you you use your boss and cheap different to them put on she's a also that and you to talk to their guard down how do to our the on yes charlotte the moments or you are to on the our union teed up sued by bills achieve judge or two or by was a new eleven eg go boom what are the odds on the and john g which on t but i don't either cogent uncle jim comments as on don't want judge on the other issue for group would you bought woman the wouldn't gorging you know will mature and the you push and she's er jo you will be as you yet only your choosing by will hold each you that does she do sessions aren't you wouldn't do that goes your mother current day automotive financing facilitation if not all pro
spk_2: primary focus but he was on pat and continues to strongly support our transformation into an automotive transactions of it's platform by optimizing our automotive by nathan meditation business we have continuously improve the quality of assets resulting in a healthy balance sheet of the total out and in banner though fine anything transaction if we have facilitated decreased from forty fifth six point seven fit in as of december thirty first twenty twenty one to twenty five point six billion as of december thirty first twenty twenty two we'd better number two people with bernard over twenty twenty three in addition to ensuring our table operation be apathy crazy the risk exposure healthy that and strong cash reserves give up the confidence to footing embrace our transformation and graph and new opportunities in the post pandemic world
spk_1: shamir which are duty to current i wonder if she it with children to go now i want to take you through more detail of our business development soldiers issue for jury duty or they are near more turnbull how to improve our core daughter's on who you are reading you buddies our job to be to number one that was about fuji to sort of center and job ourselves about her or me to go barber and deceit and bar to nurture and then leeches or to you wonder which has to by joseph her journey for her to jody way problems are they eat you are here for beauty bunch of you are your on near junior from or how to a pp don't read to produce a new one you jewelry tow motor cheap clock now
spk_2: that begin with a new card trading transaction business of ever december thirty first twenty twenty two can go how to have engaged two thousand one hundred and twelve theaters up fifty eight percent of your year during the fourth quarter we thought a total of three thousand my hundred and thirty i caught up get up and point eight percent from the previous quarter photo four year twenty twenty two we thought a total of fifteen thousand to four hundred and ninety of the conversion rate was two point one percent on par with the industry also during the four year twenty twenty two accumulated page views and unique visitors on can't go how to app were over six hundred and sixty thousand and fifty seven thousand with perfectly
spk_1: thirteen year old whom you will need to a joke to your one thousand people put on the tendency toward on that the loo for food for break should you do or mercosur you want to surrounding buildings you got your target creature out you don't you need us into hurdle leave or me a showgirl country to treat you good to sit on project that to them to cook for sure that most of ah mia juju doyle more casual true dog food and jr you were bushels him borrow a cellphone video cause we are
spk_2: i've established collaboration with various billion and caught the pliers expanding our vehicle thought this well with to diversify by brand and model but basically we forge feed collaboration with ghz me to be she don't promote a group of a that will folks wagon at ebay babbler the be in a fourth quarter lead a more our feel things can can you to develop vehicle okay the third models based on a character with the for each regional market prompting a steady increase in a number thickness of channel
spk_1: the to what you will to me a door johnson and home owner to term future to do nations you don't you turnbull how to puke or four times you choose of jeep and the one to prove her to shoulder or treaters are food to achieve which issue which are good what you just aren't have you guys are a goes your bogor tchenguiz usual do more for baggio for longer and they are for joey people who gets in the anti show your pin her food zombie dream puppy
spk_2: we've with back to our transaction facilitation of is if we have largely completed candle how to forbid product metrics wifi be additional several upgraded in college and tools and product during the fourth quarter photo improving facilitation efficiency and theater experience deal of are able access and why range of transaction supporting focuses on including caught them a lead generation logistics financial services a new sure of it is a mile out of all of our platform of products are gaining traction i have made good progress by the end of the year
spk_1: holmes was you to join you do for that also former jog on those which are you can go the jews or lead to do true union don't turn real social to as you treat your whole is to the on the phone gets it's issue repeat or the launching to for those of toward our to your yoshida seat on to your chances are your and seem to yeah you too he tore them for a on toes on the up he does your she well she got on the i the a she says you do or hard to german be able to what a tie it into a city told under way to his own to sit on code to go on to to argento to our who who tr of eat as also a joint tons of will do you watch
spk_2: you go forward to the audi while involving on you can't platform we also continue to build our youth club a platform following the launch of a can go you comedy program him and neat twenty twenty two we focused on acquiring new uses an increasing gauge meant and a thing time by leap urging all advantages such as abandon you thought process and one one that and services we formed data behavior on our platform and in school from taken it we also established professional technician pain and costs will be think the quite the contrary in a fourth quarter providing details on customers with one stop value adding services including copy link i have fashion and car loan transfer and to further improve our matching conversion rate
spk_1: general are on the and more turnbull you to abuse or to to was on pseudo way sutures about use our job or my eg also to about joe you shoot you could a few ever record our food you go to the aren't are and yes or years as a new year tumblr real to shelters you need gp read you we from be a or says it uses you are bargains are well you tell you to a few to hear those are two to hunker to your trying to shows the ball job joe huge it's a fool for a while for double double number where to go month on outdoor young usual being jump what i did before
spk_2: as the and of twenty twenty two there were four thousand and four hundred and ninety to register dealers on can go your car we found a number of transactions on the platform to pick up over time as of december thirty first and you to the to the accumulated page views on unique visitors on can go your many program where over four hundred and ten thousand and twenty three thousand and with that italy in january twenty twenty three we officially launched can go you come back data evolving the month with five functional more do covering vehicle shopping cart urging only option transaction support services and on a judicial digital services moving forward we will continue to improve can go your car on it related products and services
spk_1: to what are the sort of option car go european go through that are thought it don't june group want to consume to the also or tanya hotel or john tory young korean regime and goes on to oh gosh you're prepared food the global hawk go to other join each impede of due to the or their jungle for when it hard to go your little teaser models are joined the showed it she go to his on to new meta to job when when john juju total been cards from to ah jay gould your dog authors you enjoy sheet or danger to shows off as usual josh asia who wishes over go to the bar if only is awesome to see if you go time being go to haunt be balmy a huge out of the joy to you for go full build upon those are to go to your towards how whose union i cheated a tradeoff a hoop gg until you in djibouti go to as long as you she talking are joe you or your two to tango your cause digital platform we aim to form a broad and
spk_2: the network for a used car segment efficient the connecting you causes customers and font supplemented by gonna die supported it is spending the entire transaction chang with these advantages can go can promote truly efficient across regional circulation of you caught across the country streamline the use contraception protests and increase the that operating profit going forward we will continue to evolve to tap phones digitalization creating a close to trump actually ecosystem integrating online and offline services to leave ecosystem we can move offline services online and for the standardized them a never to standardize the you'd call products and services me well we will redouble our efforts to improve the stickiness and in hunt the engagement on our platform leverage in congo thought each channel and at work and customer base developed over ten years to provide them with premium car resources
spk_1: do or as you or them to do the washing judges to three to know that you are or your yeah warming your job dollar year bobby to to their don't go your foods are you will know me to the dodgers she she's usual to have those you shoot or issues you are too hard put to the want me to the credits you were deemed or that guardian bajo who have witcher warmer that she into a jogger you plutarch to juggle me to judge which trudging through that google drunk that you can only put our houses are shown over email me to that opportunities some
spk_2: new digital infrastructure is an essential part of a transformation into need to continue to your heart are on the ipad to holistically improve our digital need capabilities by beauty a proprietary information on digital center that integrates information digital unintelligent technology can go i've created a unique competitive advantage edge to propel of the thing about development of our automotive transaction civic platform can go through platform framework have pickling shape and weeks back to steadily increase our operation capacity and efficiency at the we improve each function
spk_1: totally shows you know from a procedure use total hoot hoot you know forty goals or show don't coaching to assure you will being our drinks you wander your little commercial father would be over by you eat to we can be mergers a during the a by shouting says on do george george or cheese or gi joes are fuel thomas so so sure the time people who truly common seizure your we assume for do you and your path through uncharted territory never easy as as we transform from a leading auto financing service provider to earth integrated automotive transaction forbid platform both the scope of
spk_2: offering and our business model have undergone a sea change however one thing never wavered our determination to accompany small and medium sized deal with the lord your market on a journey to success and empower them to implode cheaply or goes by providing them with the product of of if if they need
spk_1: also for me to school term all me with open to a dollar manageable darkroom called all other charges is altered other show richer me for gorgeous civil he to to do novel which it'll get bargains you forgot your what you wonder if she's or jingle she's or gi joes on that should have long been due to we shall we go by european too hard the she's would you know who she a warrior woman pay under it'll dollar that all shelters or was are you do tones are we to be total fool challenging doyle usual the two versions was all for you to one with don't talk are you being do you to a hobo own to me and to you and korean fuji the vomit you can do she won't homeboy to it as a fool john details on gene timber she's a shoddy know my job with her during that young go to agenda you
spk_2: we fabrice can go twelve year without we humbling on a huge consumption potential an imbalance between a supply and demanding a know he market taking an automotive finance the facilitation services are also launchpad kendra words you they build a solid network cough or nearly fifty thousand deal with nationwide and we have worked closely with our data to provide premium financing facilitation of it is tall customers ever ever things a decade later many of us more meat and dealers we partner with have grown into larger and more diverse the abyss multiple services and by need we have been with them every second of of the continue continuous be pushing our business boundaries to over effective solution to attract the i am not funny as well as well thought of as is to help our deal with lower their operating costs of refine your business efficiency at always our ultimate goal is to make car purchases is a simple an enjoyable
spk_1: don't jericho watching t courtroom to cheat or how you do that you need us and got to your the bill for sure there are they are sonia hijo tumor for tradition which and other children don't want to to watch it would you choose a whole year that aren't you father eg whole usually should i don't either june two months you that was easy campbell just don't you join you on the sumerians sushi dodger who was on feel don't bother to to join you will be carson she's all that was awful by google to the region hollywood approval for father the macro economy and the overall auto industry are undergoing found and lasting changes photo with few the challenges
spk_2: the twenty twenty three we have high expectations for a future and forty confidence in a long term development of china's auto industry and will continue to focus on our vision i'm asian twelve further improving our benedict automotive transaction for with ecosystem together with a deal upon us we remained got to catered to promoting the recovery
spk_3: and development of the or overall industry
spk_1: sure message and go warm the sailboat on the you go iphone jones or bungie do that how gotcha met i watch anna kournikova to michael jungle with the up open will take your accompanied financial performance
spk_4: hello everyone and welcome to our fourth quarter and for your two thousand and twenty two ernie school if i started to review our financials please note that unless otherwise stated on numbers i'd be terms and are presented comparisons on away on on the over your basis our fourth quarter performers wants a gay illustrate the strength and resilience of our strategy at a business model fourth quarter total revenues were four hundred eighty seven point one billion cartooning transaction business delivery revenues or four hundred thirty one point one million continuing to play and essential rally all a platform now let's move on our costs and expenses during the quarter total operating costs and expenses in the fourth quarter of two thousand and twenty two was six hundred ninety eight point seven million compare with one thousand two hundred seven point six million in the same period to san antonio one cost of revenue in the fourth quarter tucson twenty two decrease to four hundred eighty one point seven million from a hundred eighty point seven million in same period tucson and twenty one and presented you a total revenue costs revenue in the fourth quarter two hundred twenty two was ninety eight nine point nine percent compared with eight eighty three point eight percent in the same period to sort of twenty one the change one primary due to a higher contribution crowd cod shooting transaction to total revenues cartooning transaction normally presents higher costs revenue ratio does push it up the overall ratio those and marketing expenses in a fourth quarter two thousand twenty two decrease to nineteen point two million from seventy three point eight million the same period to sort of twenty one and presented a total ravaging sales and marketing expanded in the fourth quarter to his i'm twenty two was four percent compare with seven percent in the same period two hundred twenty one your know and a metric of expanded in the fourth quarter two hundred twenty two decrease to sixty six point two million from eighty six point one million in the same period of two thousand twenty one at present here to a total revenues general and a mystery can be spent in the fourth quarter two thousand and twenty two was thirteen point six percent compared with eight point two percent in the same period two thousand and twenty one researcher and you've added expenses in the fourth quarter two hundred twenty two decrease to a point four million from twenty three point six below in the same period of two thousand and twenty one at the present a good total revenues research and give out of it in the fourth quarter two hundred twenty two was one point seven percent compared with two point two percent in the same period two thousand and twenty one net loss or rick assurance liability in the fourth quarter two hundred twenty two was sixty two point eight me
spk_1: alien compare with eighty four point six million in the same period to sort of twenty one
spk_4: we require lots wrong operations of two hundred eleven point six million in the fourth quarter two hundred twenty two compare was one hundred fifty seven million in the same period two thousand twenty one net loss in a fourth quarter two thousand and twenty two was five hundred and fifty eight point nine million nunca just in that lot in the fourth quarter to started twenty two was five hundred thirty three or thirty eight five hundred thirty nine point nine witch
spk_1: on a per share basis dilute that lot for a scene or fourth quarter two thousand and twenty two was four point one three and diluted non cap or just in that last for a the as in the same period was three point nine nine portfolio two thousand and twenty two our total net revenues were two billion to the opera
spk_4: eating cost and expand his work two point nine billion net loss was one thousand one hundred and eleven point two million and nunca a just ign dolla that loss was not hundred fifty two point seven million diluting their loss for a ds was eight point while work and diluted nunca or just in that last a this was sick point nine five
spk_1: moving on to all balance sheet i love december thirty first two thousand and twenty two we had cash and cash equivalents of three hundred seventy eight point nine million compare with seven hundred forty five million as of september third thirty two started twenty two as of december thirty first two thousand twenty two the company had short term investment of one point nine billion compared with two point seven billion as of september thirty two started twenty two looking ahead to the first quarter to sort of twenty three we now pretty put predicting our total revenues to be between five
spk_4: hundred fifty million and five hundred million please know that this will cost reflect our current a preliminary view on the market and operational conditions which are subject to change did it concludes our prepare a prepared remarks operator we are now ratings ready to take questions
spk_0: okay if he was a question please dial one on your on way the are to walmart
spk_5: two teams take more
spk_0: a staff here if you are unable to find a he got a home corruption your that question comes from sorry rank among some think our hope
spk_6: i'm going to polish or mocking should the sidewalk now on to the you're not going to sound guys are planning on either one keeps you sure she's warm welcome welcome for class kinda cool to them about your own food eat with the local woman or just shit woman be talking about putting a county much of a day i'm on a farm on to one robin easier than bother in launching hear about kitchen which are you putting on a chancellor social my kitchen
spk_0: the moment by a company that chow hall account that one teacher gao such as a woman that are more logical to today that dodgy the tell you can tell someone should allow from but talking jack not going to happen he told your shit jumped a neat pile up in fact that you that are funny that for gap in such our content arsenal our planet and home and that should be no are you should josh up all night he won't crash in seattle and
spk_2: and cuba money i have to pass a little my i have to have the first question is a scandal has optimized it automotive financing facilitation to those we i have we have also observed a significant decrease in a company treat chaos that so how does live in a positively impact the company the transfer nation and a and question is are based on data to close i can go appears that the company had made that a show progress and transformation to watch a contrarian transaction surveys that powerful so what are your advantage with compared with your industry appears like out a powerful and also how the how about what is your what are your advantage you compare with data is anything to three
spk_1: fisher the all i quit on me that i'm going to quote they go into a on a total that year old it ties in that are way more quickly cause it that i treat other she knew he reality to the dunes our dog also that thing and
spk_7: do you want to also taller will they'll
spk_2: i want take your to questions thank your if as early for your to questions to answer your question automotive financing facilitation business generated at that on a larger scale not significantly affected the complete clash fell and could even are at impact on our viability
spk_1: just the early on yes audio tape or with that you have to army oriented us about it was a team jazz or two about was really good geographically water adios an enchanting you put your date throttle to changing the or form a job would go to the total adopting children a tackle to tackle the to the offending ban and on i think transit
spk_2: actually facilitated decreased from for hot forty six point seven tenure as of december thirty first century twenty one to twenty five point six billion as of december thirty first century twenty two we've been a number to decrease over twenty twenty three and we plan to in fact the freed up cash flow a night like nation of help out are you calling from
spk_1: story oh boy do a when ship which a woman the shooter are those are being tied into trouble social it has and you should join to the into a woman and got your you kinda chilly it will watch it is for me at year was our woman and go toward have things sure your lot of criticism he'll water about also hope warmer the shape with you are so i'm going to go
spk_2: are you most of the queen will or indoor season religion your own that and questions current they both are new car new carpet apple it's have taken shape and are generating transactions and out with a lot of data for us to refer to in addition to validating a logic behind our transformation the data show that how could that be a and abilities and processing and capacity reply
spk_8: it to support our our trading transaction doesn't it
spk_9: why didn't your mouth
spk_1: truly groaning and smoothly our nest that will be to holistically go up the didn't operations and enclosed profitability
spk_10: the is usually do so so what did you don't want to thank you letter from
spk_0: if you're gonna need thank you
spk_11: again
spk_4: the question think dar one on the telephone and late morning to be in there
spk_12: unit question comes from john mean and goldman sachs go ahead
spk_13: cultures are gone from there which may go to you horrible shirt ocean the job
spk_2: daniel don't want you sound so jealous answers either sure going on day i'll send you into words you told she's on the gets you should the mailbox the one hundred good shooters on july on your journey and the or want or jog wants you to sure going on local shots you from jaw shots so sure will charge of the ocean sure your ginger
spk_1: thank you thank you for giving me the opportunity to art project management so i have to question the question is what is your outlook for china's out auto market in twenty twenty three and specifically or what is your outlook for your automotive transaction service platform twenty twenty three and a grocery you could you
spk_9: give us more canada's on the development of the current new copies this thing due to thank you motorists shoot your warlock we darned go her children going to negotiate
spk_1: to grow be the ones you too short on our current issues or new show richard or show ritual super user other for you will murder we took over the don't to as usual quit your job research on fuller ballsy are treating the would will come to digital to the just
spk_9: thank you john i will take your to questions or first question on a demand side three years of pandemic our policies actually have created a backlog of consumer demand and we believe lisa pent up demand for card purchases will gradually be relieved of porn video subject to the overall it level of economic or a cop
spk_1: very and policy support tong only a dollar car good dog went on to supreme margin the able to pull off ambushing that was you or shimmery and she's hook you you will be things are going to juggle sharjah er jo leaders in september tutorial go to three year judgmental on a supply side traditional kobra launched a many new models and the beginning of the year and any v new have you been you an edge vehicle production costs have also decreased and lead the and battery supply prices have fallen furthermore ab will continue to enjoy an exemption from vehicle purchase taxes please show me on your are near warmer your we are the odds on the and the two sources are joke we should join the computer and then you go into a little twenty three weeks back to see more auto market transaction of compare with or twenty twenty two are going to or awful for you
spk_2: or a woman the also for a future we'll turn georgia or gender a people or we do says will bogalusa to ontology intruder to pimco parma zhang tutorial verboten goal know are doing or near more humble europeans are to to it's was also know soldiers who by george our job to the dawning on dog dog the and us or years as evil total neutral shelters shoot me tp you read for me it's horses and you are hoarders are left or maturity awesome to the jury's for jewish
spk_14: read or pintado quota a little girl on your second question on our youth car business we launched a kangaroo you're caught up and that off twenty twenty three including unexceptional range or function conference she thought recall vehicle condition reports vehicle evaluation on my options on my car
spk_1: thirteen use college thing and on a digital services as of the end of twenty twenty two there were four thousand four hundred and ninety two rodgers to users on can go your car as of december thirty first and you twenty two the accumulated page views and a unique visitors on can go your comedy program where over four hundred and ten thousand and twenty three thousand respectively we've been a number of transaction from a platform to pick up over time or thompson
spk_2: how old and this view woman's woman battle tool used to yoshida from control yeah
spk_3: z done to your for teens who yes
spk_2: it read them to of will be ultimate on the up either yoshi work to go to his own the finger new she didn't you to walmart food european who drink water drainage and so she for told under which wasn't just the don't who killed their guns will turn and gentle should will will be up and get us as for them think time by leveraging our advantages such as abandoned youth causes to give you some examples some of these youth cause come from you know
spk_15: so come from those so the by the yeah consumers and also knows a perfect reaper that cause as of course we also have all wrong
spk_16: but the a car though by think your vantage of leave abandoned cop or you costs or and a one a lot matching services we have with the fact remains the deal with platform you this behavior and improve their platform dick in it we have also established professional technician team phone call to the teams across the country the fourth quarter
spk_0: are providing teetered on customers with one stop value adding services such as are viewing pious bash on par long transfer the rapture
spk_12: or shooters or do don't want it or whether i think you know my answer to questions
spk_1: cause you
spk_2: and you
spk_1: thank you your next question comes from brantley from ben let me go ahead oh british born for the or are just of concern to regain chinese
spk_2: oh sure you assume woman girls syndrome or from smoking patterns shown to are you should the shall we shall we live woman goosey john for me on entrepreneur who we have to go to the ocean oh my question and only abandoned car soldiers is one of the accompany the strongest advantages how will accompany leverage and consolidate the vantage in the future
spk_1: or negotiate sugar they should you be what awkward only the went to the doing it on the and your two years or photo too harsh or to the you could blow off general three warm tortured or to the she on them go we go through court total or dollar computer the for to yeah golden boy on the to you no go with shovels his uncle who good you want to share your table more job for you will me she won't be able to hear you should go code them your google and three noncooperation convincing the shuffle
spk_2: thank you leave for your question i bet you are absolutely right that cop car sources is one of our strongest advantages in our new car and use cost of a platform are going to provide a better of his experience to call by it's own car dealers through our car treating transaction business with a dot more of by vehicle apply we can better meet the individual needs of caught them as a lot here market we hope to leverage are advantages and or his to increase coffin the thicken it and encourage customers to use all of the with on our platform
spk_1: virtual home you're or woman to kuwait and joking daughter which it also door
spk_2: all know couldn't be suitable me and a car door for calling the kettle hook ever since you do what we want to sunday both energy bar and she all for his yogi told you need a symbol for door danger to wait charging own urging all and or you could be totally aldershot to kinda
spk_9: and so on the new causes while the welfare pop all efforts to explore and to find a planner our collaboration found a partnership with the oh yes in the fourth quarter we build did collaboration with jay feed me to be she don't have a motor every w volkswagen and abby w out a week
spk_1: how we also became the most important those the most important filled platform for jc me to be she's new ananda model
spk_17: to also drove home doom and of for woman's are of go to do considerable me as much as on the yosef home joint need way to do but blunder to are formed ourselves with her or youth car sources well he farrakhan a we have the advantage of
spk_0: having access to a lot of repossessed costs three the future we will use this as leverage to
spk_1: hello grow as build up our youth copies copies it
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