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Vroom, pressed for capital, shutters e-comm  

United Auto Credit will continue business  

Amanda Harris, Joey Pizzolato

Vroom is discontinuing its e-commerce and used-vehicle dealership businesses as the retailer faces ongoing liquidity challenges.   The retailer on Jan. 19 suspended its credit line with Ally Financial for future vehicle purchases “to preserve liquidity,” according to an 8-K filing with the Securities and Exchange Commission today. The amendment also requires that Vroom maintain 40% […]

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