TSLA379.4645.7435%
GM77.490-1.03%
F12.400-0.08%
RIVN16.740-0.21%
CYD41.230-0.64%
HMC24.265-0.215%
TM192.985-3.095%
CVNA399.745-3.275%
PAG159.080-0.92%
LAD274.640-1.75%
AN202.295-0.675%
GPI336.020-3.76%
ABG201.325-0.745%
SAH69.920-1.3%
TSLA379.4645.7435%
GM77.490-1.03%
F12.400-0.08%
RIVN16.740-0.21%
CYD41.230-0.64%
HMC24.265-0.215%
TM192.985-3.095%
CVNA399.745-3.275%
PAG159.080-0.92%
LAD274.640-1.75%
AN202.295-0.675%
GPI336.020-3.76%
ABG201.325-0.745%
SAH69.920-1.3%
TSLA379.4645.7435%
GM77.490-1.03%
F12.400-0.08%
RIVN16.740-0.21%
CYD41.230-0.64%
HMC24.265-0.215%
TM192.985-3.095%
CVNA399.745-3.275%
PAG159.080-0.92%
LAD274.640-1.75%
AN202.295-0.675%
GPI336.020-3.76%
ABG201.325-0.745%
SAH69.920-1.3%


vroom

With Vroom bowing out of the used car business, other digital car retailers are likely to see a new wave of uncertainty take hold.

Exclusive: auto industry veteran Marc Cannon on Vroom’s exit from online used car operations

- January 23, 2024
Online used car retailer Vroom is shutting down its digital retail business following a struggle to raise funds in an increasingly competitive environment. Joining us today on CBT Now to...
CBT Now Sales & Marketing
Vroom

Vroom reports $51.1 million net loss in Q3, missing revenue estimates

- November 9, 2022
Vroom Inc. released its third-quarter financial results on Monday, reporting a smaller net loss and record profits per used vehicle sold, though both revenue and volume of cars declined year-over-year. The...
Headlines Articles
Vroom

JP Morgan downgrades Vroom stock, encourages shareholders to sell

- August 16, 2022
JP Morgan analysts have revealed that there's no easy fix to save online used car retailer Vroom and suggests investors sell their shares. Vroom shares are off 80% in 2022 and are...
Articles Headlines
Vroom

Vroom revenues fall 38% in Q2, missing consensus EPS estimates

- August 10, 2022
Vroom exceeded Wall Street expectations for its second-quarter earnings. The retailer reported a $0.83 decrease per share and a loss of $115.1 million. However, earnings jumped 5.19%, and the company posted...
Articles Headlines
Wyler

How Jeff Wyler Automotive plans to use its innovative new retailing platform to beat disruptors

- August 9, 2022
Jeff Wyler Automotive Family recently launched a 100% online car buying solution to compete directly with disruptors like Carvana and Vroom. Kevin Frye, the Marketing Director at Jeff Wyler Automotive...
Sales & Marketing Featured
Vroom

Vroom releases Q1 Results, names new CEO

- May 11, 2022
This week, Vroom Inc. released its first-quarter results, which showed the online used car retailer outdid expectations for total sales, profit, and revenue. It also named a new Chief Executive Officer...
Articles Headlines
Vroom

Vroom customers highly unsatisfied with retailing experience

- May 6, 2022
Online automotive retailer Vroom is facing scrutiny from thousands of customers who are unsatisfied with the company’s business practices, and legal action has now been taken by the Texas Attorney...
Articles Headlines
online

How to sell better than your online-only competition

- November 26, 2021
As transaction prices on new and used vehicles soar, competition for today’s auto buyers is fierce. But it’s not just local competitors dealers need to contend with. Rapid digitalization due...
Sales & Marketing Articles

From recon to retail: Passing the baton from the backend to the frontend

- October 18, 2021
Although prices are beginning to ease for used vehicles, inventory levels are still not where they need to be for franchise dealers across the country. With new-vehicle inventory levels at...
Sales & Marketing Publishing Partners
Digital Retailing - Max Zanan

How digital retailing can help auto dealers compete with industry disruptors

- March 11, 2021
After the events of 2020, dealers understand that modern retailing will involve much more technology and digital offerings to compete with industry disruptors like Vroom and Carvana. Today on the...
Sales & Marketing Featured

Latest Articles

Ford boosts U.S. assembly, Stellantis prioritizes turnaround strategy, Hyundai profit drops 24%
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Ford boosts U.S. assembly, Stellantis prioritizes turnaround strategy, Hyundai profit drops 24%

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Stellantis to prioritize four core brands in turnaround strategy, sources say The automaker plans to shift funding toward Jeep, Ram, Peugeot, and Fiat while maintaining its broader portfolio. On the Dash: Expect increased product investment and marketing support for Jeep, Ram, Peugeot and Fiat. Regional and niche brands may see reduced volume but more targeted positioning and shared platforms. Platform-sharing and rebadging strategies could affect inventory mix and model differentiation. Stellantis will concentrate most of its investment on four core brands as CEO Antonio Filosa pushes a turnaround strategy set for release May 21, according to a Reuters exclusive. The automaker has identified Jeep, Ram, Peugeot, and Fiat as its priority brands. It will allocate a “material increase” in funding to them, driven by their stronger global sales and profitability, marking a shift away from the company’s previous approach of distributing investment more evenly across its portfolio. Sign up for CBT News’ daily newsletter and get the latest industry stories delivered straight to your inbox. Stellantis will retain its 14-brand lineup, the largest in the industry, and will not shut down underperforming marques. Instead, the company will reposition secondary brands such as Citroën, Opel and Alfa Romeo to operate in regional or niche roles. These brands will rely on shared platforms and technology developed by the core brands while maintaining distinct styling and market identity. The strategy comes as Stellantis works to regain market share in the United States and Europe while facing growing competition from Chinese EV makers. The company earlier reported a 22.2 billion-euro charge tied to scaling back its EV plans, underscoring the urgency of the strategic shift. Its market valuation has also declined significantly in recent months. To support the transition, Stellantis will expand its use of shared “multi-energy” platforms that support electric, hybrid and internal combustion (ICE) vehicles. Additionally, the company is evaluating rebadging strategies and joint development programs, including collaborations with its Chinese partner, Leapmotor. Executives and investors backing the plan expect the increased focus on core brands to improve efficiency and strengthen financial performance. Analysts say Stellantis could still consider further consolidation if results fall short of expectations. Meta description (140 characters) Stellantis to boost funding for Jeep, Ram, Peugeot and Fiat, shifting strategy while maintaining its 14-brand global portfolio.
Latest Articles 04/24/26

Stellantis to prioritize four core brands in turnaround strategy, sources say

Hyundai's profit drops 24% as tariffs, weak global demand persist 
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Hyundai’s profit drops 24% as tariffs, weak global demand persist 

The latest JD Power-GlobalData forecast shows a decline in new car sales in April, but you can blame last year's tariff panic, not today's buyers.
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New car sales drop 7.3% in April, but don’t blame buyers

2026 Subaru Outback: Rugged evolution meets everyday practicality
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Autonomous
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Autonomous future back in focus as Waymo expands, Uber reinvests billions

Tesla is winning the self-driving race – so why is Washington trying to slow it down?
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Tesla is winning the self-driving race – so why is Washington trying to slow it down?


CBT News
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