Vroom

PYMNTS’ CE100™ Index Reverses Gains as Weakness In Vroom Offsets Walmart’s Gain
PYMNTS’ CE100™ Index Reverses Gains as Weakness In Vroom Offsets Walmart’s Gain
March 07, 2022  |  Connected Economy

The rebound — for the Connected Economy 100 Index, at least — proved to be short-lived. In a week that saw wild gyrations in the...

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Supply Chain Headwinds Continue to Pressure Online Car Marketplaces
Supply Chain Headwinds Continue to Pressure Online Car Marketplaces
March 02, 2022  |  Earnings

When the chips are down, or at least in short supply, the connected economy suffers, at least a bit. It’s well known that chips have...

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Vroom Slides as Vehicle Pricing Fails to Offset Higher Acquisition Costs
Vroom Slides as Vehicle Pricing Fails to Offset Higher Acquisition Costs
March 01, 2022  |  Earnings

Vroom’s latest quarterly results showed continued strength in used vehicle eCommerce sales, but a pinch on margins as the firm’s pricing of those vehicles was...

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Vroom Announces $296M Loan Securitization
Vroom Announces $296M Loan Securitization
February 10, 2022  |  Loans

Online used car buying and selling platform Vroom has unveiled the pricing of its first auto loan securitization offering of $296 million, the company said...

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Auto eTailer Vroom Completes Acquisition of United Auto Credit
Auto eTailer Vroom Completes Acquisition of United Auto Credit
February 01, 2022  |  Acquisitions

eCommerce platform Vroom announced Tuesday (Feb. 1) that it has completed the acquisition of United Auto Credit Corporation (UACC), which works in automotive financing. According...

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Vroom Rolls Out ‘Last-Mile’ Concierge Service in Houston
Vroom Rolls Out ‘Last-Mile’ Concierge Service in Houston
October 20, 2021  |  Delivery

Online used car buying and selling platform Vroom, Inc. has opened a new Houston hub to allow the retailer to inspect, detail and place temporary...

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Today in Retail: Signet Buys Diamonds Direct; Consumers Find Time to Schedule Shopping
Today in Retail: Signet Buys Diamonds Direct; Consumers Find Time to Schedule Shopping
October 12, 2021  |  Retail

In today’s top retail news, Signet Jewelers is making another acquisition to expand its reach, while appointment shopping is catching on among consumers. Also, Dr....

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Digital Car Platform Vroom Acquiring United Auto Credit for $300M
Digital Car Platform Vroom Acquiring United Auto Credit for $300M
October 12, 2021  |  Partnerships / Acquisitions

Online automobile eCommerce startup Vroom is moving to acquire automotive finance firm United Auto Credit Corporation (UACC) for $300 million in an all-cash transaction, according...

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Vroom eCommerce Sales Jump 172 Pct As Data Enables Lower Prices, Rapid Turnover
Vroom eCommerce Sales Jump 172 Pct As Data Enables Lower Prices, Rapid Turnover
August 11, 2021  |  Earnings

Vroom posted results that showed continued traction in buying and selling vehicles online, particularly through the platform model. In terms of the headline numbers, the...

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