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

Carscoops

If you were thinking about pulling the trigger on a used car through online retailer Vroom, we’ve got bad news: you missed your shot. Times have been tough for online used car retailers, in general. 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

As we moved into July, there were signs of recovery in the retail vehicle market. For dealerships, Higher inventories and rising floorplan costs are eating into profit margins, creating a challenging environment for automotive retailers. By clearing out excess stock through leases, dealerships can lower their floorplan expenses.

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

Auto Remarketing

automotive retailers. It even suggests that OEMs and dealers should partner with third-party technology start-ups to most effectively and quickly implement a subscription program. A long time ago, an automotive retailer sold vehicles. First, the research. This author found that part particularly interesting.

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