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Vroom Goes Bust: Online Used Car Giant Stops Sales, Lays Off 90% Of Staff

Carscoops

Customers who have already signed a contract to buy or sell a vehicle should reach out to Vroom’s support team at (855)-524-1300. Vroom intends to expand this segment of its business to cater to third-party customers. Vroom’s fall from grace follows the decline of Shift Technologies Inc.,

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The $740 Challenge: How Savvy Dealerships Are Turning the Tables

Full Path

For dealerships, Higher inventories and rising floorplan costs are eating into profit margins, creating a challenging environment for automotive retailers. Solutions for Dealerships Many dealers ask how they can help customers while maintaining profitability. The current market demands agility and the ability to adapt to changes.

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Micro-leases, subscriptions, long-term rentals, whatever you call it, will it become a third ‘sales’ channel?

Auto Remarketing

it’s clear that the mainstream EVs and PHEVs coming onstream (100 new models in the next 30 months) are going to have a tough time selling even with generous customer incentives. It even suggests that OEMs and dealers should partner with third-party technology start-ups to most effectively and quickly implement a subscription program.

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