Tag: Vroom

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 ...

Auto retailer and e-commerce platform Vroom brought Chief Executive Tom Shortt into the company in 2022 for his experience in ...

Affordability, credit performance, cost of funds and regulatory compliance are top of mind for subprime auto lenders as inflationary pressures ...

United Auto Credit’s penetration rate improved in the third quarter as parent company Vroom’s finance and insurance revenue jumped as ...