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Vroom hits record 81% of vehicles sold in Q3 sourced from consumers

Online used-car retailer’s UACC acquisition on track

Whitney McDonald

Vroom saw increases in gross product revenue and gross profit per e-commerce unit and is addressing supply chain issues by sourcing more vehicles from consumers. The e-commerce platform reported 81% of its retail inventory sold was sourced from consumers, Vroom Chief Executive Paul Hennessy said on Wednesday’s earnings call. “Our competitive algorithm-based pricing methods make […]

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