Vroom appraisal requests jump 48% as trade-in values improve

Tight supply has driven Vroom, CarMax and Carvana to purchase more cars from consumers

© Can Stock Photo / happyalex

Tight inventory and record-high vehicle prices have produced a favorable market for consumers to trade in vehicles, leading to an increase in appraisals on Vroom's platform and prompting the online used-car retailer to ramp up investment in its appraisal technology. Vroom saw appraisal requests increase 48% from February to March, and 45% from March to […]

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