PHOENIX (3TV/CBS 5) — The company Vroom helped lead the way when it comes to buying cars online but it has not abruptly closed up shop. You’ve no doubt seen this TV commercial before. “Hi, buying a ...

It’s the age of online shopping, and a few years ago, the race was on to establish the Amazon of used cars. Things haven’t played out that way though, and the likes of Carvana have been rocked by the ...

One of the largest online used car dealers in the country just closed, and this one is in our backyard. Houston-based Vroom, that took over Texas Direct Auto in 2015, is no longer selling cars. But, ...

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. The company announced today that it is suspending all transactions ...

Vroom Inc., once valued at a heady $2.5 billion, said Monday it is winding down its online used-car sales business in order to preserve liquidity, as its market cap has dwindled to less than $100 ...

We've known for a while that things weren't going great for the online used car dealer Vroom. Back in 2022, it was sued by the state of Texas for its shady sales practices and later that year managed ...

Online used-vehicle retailer Vroom Inc. said Monday it plans to wind down its e-commerce operations, citing a need to preserve liquidity. The company will suspend used-vehicle transactions through ...

Vroom, a Texas-based company that until January sold used cars online, has agreed to settle a Federal Trade Commission (FTC) lawsuit by agreeing to refund $1 million to customers harmed by its ...

Vroom Inc. said Wednesday it recorded a narrower net loss in its second quarter but saw additional year-over-year declines in revenue and sales volume that have occurred since the company moved to ...