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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...

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Online used car retailer Vroom is shutting down its digital retail business following a struggle to raise funds in an increasingly competitive environment. Joining...
Vroom

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

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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...
Vroom

JP Morgan downgrades Vroom stock, encourages shareholders to sell

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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...
Vroom

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

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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...
Wyler

How Jeff Wyler Automotive plans to use its innovative new retailing...

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Jeff Wyler Automotive Family recently launched a 100% online car buying solution to compete directly with disruptors like Carvana and Vroom. Kevin Frye, the...
Vroom

Vroom releases Q1 Results, names new CEO

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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...
Vroom

Vroom customers highly unsatisfied with retailing experience

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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...
online

How to sell better than your online-only competition

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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...

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

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Although prices are beginning to ease for used vehicles, inventory levels are still not where they need to be for franchise dealers across the...
Digital Retailing - Max Zanan

How digital retailing can help auto dealers compete with industry disruptors

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After the events of 2020, dealers understand that modern retailing will involve much more technology and digital offerings to compete with industry disruptors like...