Vroom CEO says shutting down its online used-car business was 'gut-wrenching'
The former Carvana competitor left buyers in the dark when it exited.
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The former Carvana competitor left buyers in the dark when it exited.
The former Carvana competitor left buyers in the dark when it exited.
Houston-based Vroom is closing two facilities in Texas and laying off 515 workers as part of a nationwide restructuring. The post Vroom laying off 515 workers in Texas, part of nationwide restructuring appeared first on FreightWaves.
Online vehicle retailer Vroom has folded its tent.
US-based leading ecommerce platform for buying and selling used vehicles Vroom has announced that it is discontinuing its ecommerce operations and winding down its used vehicle dealership business in order to preserve liquidity and enable the company to maximise stakeholder value through its remaining businesses.