Vroom is winding down its eCommerce operations and discontinuing its used vehicle dealership business. The company aims to preserve liquidity and maximize stakeholder value through its remaining businesses, Vroom said in a Monday (Jan. 22) press release. This move comes after the company tried to raise additional...
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 to the news release, Vroom wants to boost its ability to access more sales growth, and the acquisition will accelerate...
September 23, 2024
In a move to redefine its future, used car digital marketplace Vroom on Tuesday (Sept. 23) said it completed the wind-down of its eCommerce and used vehicle dealership operations and released a long-term strategic plan leveraging its assets like United Auto Credit Corporation (UACC), a leading automotive finance company; and CarStory, a leader in AI-powered […]
January 22, 2024
Vroom is winding down its eCommerce operations and discontinuing its used vehicle dealership business. The company aims to preserve liquidity and maximize stakeholder value through its remaining businesses, Vroom said in a Monday (Jan. 22) press release. This move comes after the company tried to raise additional capital and extend its vehicle floorplan facility past its current […]
February 01, 2022
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 to the news release, Vroom...
