Vroom
Vroom, Inc. was formerly an e-commerce platform for buying and selling used vehicles. As of January 2024, Vroom has ceased its used vehicle retail operations and is now focused solely on its automotive finance business, United Auto Credit Corporation (UACC), serving as a provider of financial services to automotive dealers and consumers.
About Us
- Founded in 2013, Vroom initially aimed to disrupt the traditional used car market with an online-only model. - After years of operation and significant market challenges, the company announced a strategic shift in January 2024 to discontinue its retail operations due to profitability issues and to wind down its inventory and fulfillment infrastructure. - Its current strategic focus is entirely on growing its profitable automotive finance arm, United Auto Credit Corporation (UACC), which it acquired in 2021. - Vroom, Inc. - is publicly traded on NASDAQ under the ticker VROOM.
Culture
- Vroom, Inc., through its primary operating entity UACC, focuses on innovation, efficiency, and customer service within the automotive finance sector. - It promotes a data-driven and collaborative environment, emphasizing expertise in financial services and a commitment to adapting to market changes.
Specialties & Industries
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