Vroom is shutting down its online used car marketplace and shifting all of its resources and capital into two business units focused on auto financing and AI-powered analytics. About 800 employees, or ...

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 ...

Used car dealers don’t have the best reputation and that extends to the online variety as well. While issues with Carvana are widely known, this time it’s Vroom in the hot seat. The Federal Trade ...

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 ...