Tag: Vroom

Incoming Vroom Chief Executive Tom Shortt has big plans for financier United Auto Credit as he continues to steer the ...

Vroom is shaking up executive leadership at its captive, United Auto Credit. United Auto Credit (UACC) co-President and Chief Executive ...

Rising costs and limited supply have created challenges for used-car retailers, evidenced by Vroom’s planned shutdown of its used-car sales ...

Compressed margins and plummeting sales volumes coupled with a capital-intensive business model, led to the downfall of Vroom, the automotive ...

Despite Vroom winding down its e-commerce used-vehicle sales operations, the retailer’s captive United Auto Credit Corp. maintains that it is ...

Vroom is discontinuing its e-commerce and used-vehicle dealership businesses as the retailer faces ongoing liquidity challenges.   The retailer on Jan. ...

Interest rates will largely dictate how financial institutions manage risk and maintain origination volume in 2024.  Elevated interest rates caused ...

The auto finance industry has navigated rocky waters this year as lenders, OEMs and consumers battled high interest rates, limited ...