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Vroom e-commerce finance profit jumps 140% YoY

E-commerce units sold plummeted 80% YoY

Riley Wolfbauer

Vroom’s finance and insurance profit increased 140% year over year in the fourth quarter, propping up the retailer’s gross profit per unit as vehicles depreciated in value and sales plummeted due to intentional reductions.   Total e-commerce gross profit per unit (GPU) came in at $1,233, a decrease of 70.7% sequentially compared with a record high […]

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