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UACC to focus on indirect business following Vroom e-comm closure

Captive originated 40% of Vroom’s loans in Q3

Riley Wolfbauer, Amanda Harris

Despite Vroom winding down its e-commerce used-vehicle sales operations, the retailer’s captive United Auto Credit Corp. maintains that it is well-positioned to lean on its indirect auto business to drive strategic growth.   Vroom announced yesterday it is discontinuing its e-commerce and used-vehicle dealership businesses following ongoing liquidity challenges. The retailer’s e-commerce units sold fell 29% […]

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