Tag: vroom

Online used car retailer Vroom is shutting down its digital retail business following a struggle to raise funds in an increasingly competitive environment. Joining...

Vroom Inc. released its third-quarter financial results on Monday, reporting a smaller net loss and record profits per used vehicle sold, though both revenue...

JP Morgan analysts have revealed that there's no easy fix to save online used car retailer Vroom and suggests investors sell their shares. Vroom shares are...

Vroom exceeded Wall Street expectations for its second-quarter earnings. The retailer reported a $0.83 decrease per share and a loss of $115.1 million. However, earnings...

Jeff Wyler Automotive Family recently launched a 100% online car buying solution to compete directly with disruptors like Carvana and Vroom. Kevin Frye, the...

This week, Vroom Inc. released its first-quarter results, which showed the online used car retailer outdid expectations for total sales, profit, and revenue. It also...

Online automotive retailer Vroom is facing scrutiny from thousands of customers who are unsatisfied with the company’s business practices, and legal action has now...

As transaction prices on new and used vehicles soar, competition for today’s auto buyers is fierce. But it’s not just local competitors dealers need...

Although prices are beginning to ease for used vehicles, inventory levels are still not where they need to be for franchise dealers across the...

After the events of 2020, dealers understand that modern retailing will involve much more technology and digital offerings to compete with industry disruptors like...