Vehicle Sales
AFN Composite Index
Consumer Sentiments
SOFR
APR 48 Mos.
Automotive retailers Shift and Vroom focused on profitability rather than growth in the first quarter following rising interest rates and declining investor sentiment. Vroom in Q1 reduced its workforce by 270 positions as it prioritized cost reduction. The company’s cuts followed Carvana’s move to lay off 2,500 employees; Shift, meanwhile reduced its team by 10. […]
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David Thompson
David Thompson
David Thompson
