* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, August 8, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Themed Entertainment Design – Purdue Polytechnic

    Innovative Themed Entertainment Design: Creating Immersive Experiences

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    ‘Billie Jean’ – Hyde Park Herald

    The Enduring Magic Behind ‘Billie Jean’ Revealed

    Hank Hill returns to a changed world in new ‘King of the Hill’ episodes – New Haven Register

    Hank Hill Navigates a Bold New World in Thrilling New ‘King of the Hill’ Episodes

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Go-to entertainment: why gaming was made for the toilet – The Guardian

    Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    MBU showcases student work at Occupational Therapy Technology Fair – WHSV

    Discover the Most Innovative Student Projects at the Occupational Therapy Technology Fair

    BlackSky Technology Inc. (BKSY) Reports Q2 Loss, Lags Revenue Estimates – Yahoo Finance

    BlackSky Technology Inc. Reports Q2 Loss, Misses Revenue Targets

    Improved Technology Access: A Key to Closing the Healthcare Gap for African Americans – BIOENGINEER.ORG

    LMI Expands Technology Org, Appoints New Leaders – GovCon Wire

    LMI Expands Technology Team with Dynamic New Leadership Appointments

    Midland Innovation and Technology Charter School closing down – CBS News

    Midland Innovation and Technology Charter School Closes Permanently

    Future Trends In HR Technology – Dataconomy

    Future Trends In HR Technology – Dataconomy

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Themed Entertainment Design – Purdue Polytechnic

    Innovative Themed Entertainment Design: Creating Immersive Experiences

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    ‘Billie Jean’ – Hyde Park Herald

    The Enduring Magic Behind ‘Billie Jean’ Revealed

    Hank Hill returns to a changed world in new ‘King of the Hill’ episodes – New Haven Register

    Hank Hill Navigates a Bold New World in Thrilling New ‘King of the Hill’ Episodes

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Go-to entertainment: why gaming was made for the toilet – The Guardian

    Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    MBU showcases student work at Occupational Therapy Technology Fair – WHSV

    Discover the Most Innovative Student Projects at the Occupational Therapy Technology Fair

    BlackSky Technology Inc. (BKSY) Reports Q2 Loss, Lags Revenue Estimates – Yahoo Finance

    BlackSky Technology Inc. Reports Q2 Loss, Misses Revenue Targets

    Improved Technology Access: A Key to Closing the Healthcare Gap for African Americans – BIOENGINEER.ORG

    LMI Expands Technology Org, Appoints New Leaders – GovCon Wire

    LMI Expands Technology Team with Dynamic New Leadership Appointments

    Midland Innovation and Technology Charter School closing down – CBS News

    Midland Innovation and Technology Charter School Closes Permanently

    Future Trends In HR Technology – Dataconomy

    Future Trends In HR Technology – Dataconomy

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home General

Online Use Car Seller Vroom Collapses as Sales Fall, Losses Mount

January 29, 2024
in General
Online Use Car Seller Vroom Collapses as Sales Fall, Losses Mount
Share on FacebookShare on Twitter

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 used car market not going their way. Now, major competitor Vroom has officially scuttled its online used car sales business, and will liquidate its inventory.

The news was announced both through Vroom’s website and a press release seen by Automotive News. Vroom said it’s suspending all its online car transactions, both buying and selling, and will sell off its existing stock through wholesale outlets. Stating a need to save liquidity (in other words, stave off bankruptcy), Vroom will also begin layoffs. Its internal finance unit United Auto Credit Corporation will continue operating, however.

A Mini hatchback on the back of a Vroom flatbed truck. Vroom

Vroom’s financial situation has rapidly worsened over the last couple years, with losses spiraling out of control. Automotive News reports that Vroom counted only 4,561 online sales in Q3 2023, down 29 percent year-over-year. Profit per vehicle fell 25 percent too, to $3,144, contributing to a loss of $82.9 million. That’s after losing $51.1 million the same quarter in 2022.

But it’s also worth questioning the viability of online used car sales in the first place. Selling new cars digitally, as Tesla pioneered, makes sense as customers know (in theory) the condition and quality of what they’re buying. Taking the used buying process online however may deny customers knowledge of what they’re getting, and while no-haggle policies mean convenience, they also hurt the odds of getting a deal.

There’s just too much diligence due when it comes to buying a used car, and maybe the premium charged for convenience just isn’t worth it for used car buyers. Perhaps this idea isn’t one that’ll stick around—we’ll have to figure out what to do with those car vending machines though.

Got a tip or question for the author? You can reach them here: [email protected]

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Hacker News – https://www.thedrive.com/news/online-use-car-seller-vroom-collapses-as-sales-fall-losses-mount

Previous Post

GitHub Spam

Next Post

Observation of millihertz-level cooperative Lamb shifts in an optical atomic clock | Science

Icing‐related injuries in polar bears (Ursus maritimus) at high latitudes – Laidre – 2024 – Ecology – ESA Journals

Frozen Peril: The Devastating Impact of Icing Injuries on Polar Bears in the High Arctic

August 8, 2025
Carnegie Science Center launching new name in September – CBS News

Carnegie Science Center Unveils Exciting New Name This September

August 8, 2025
Petersburg youth explore Coho Creek for science education – Petersburg Pilot

Petersburg Youth Dive into Science with Hands-On Exploration of Coho Creek

August 8, 2025
Is there a path to healthier aging? What the latest research shows | Bodyworks – The Oklahoman

Is there a path to healthier aging? What the latest research shows | Bodyworks – The Oklahoman

August 8, 2025
MBU showcases student work at Occupational Therapy Technology Fair – WHSV

Discover the Most Innovative Student Projects at the Occupational Therapy Technology Fair

August 8, 2025
Official | Evann Guessand completes €35m Aston Villa move – Yahoo Sports

Official | Evann Guessand completes €35m Aston Villa move – Yahoo Sports

August 8, 2025
Trailer: Netflix Animation Welcomes Viewers to the Whimsical World of Dr. Seuss! – Animation Magazine

Trailer Unveils the Whimsical World of Dr. Seuss in Netflix Animation!

August 8, 2025
Spending on AI data centers is so massive that it’s taken a bigger chunk of GDP growth than shopping—and it could crash the American economy – Fortune

Spending on AI data centers is so massive that it’s taken a bigger chunk of GDP growth than shopping—and it could crash the American economy – Fortune

August 8, 2025
SPC Health Programs Showcase: Featuring Nursing, Radiography, and Surgical Services Degrees – St. Petersburg College

Explore Exciting Career Paths in Nursing, Radiography, and Surgical Services at SPC Health Programs Showcase

August 8, 2025
Top Trump officials discussed Epstein at White House meeting Wednesday night – CNN

Top Trump officials discussed Epstein at White House meeting Wednesday night – CNN

August 8, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (760)
  • Economy (783)
  • Entertainment (21,659)
  • General (16,347)
  • Health (9,822)
  • Lifestyle (793)
  • News (22,149)
  • People (784)
  • Politics (792)
  • Science (15,996)
  • Sports (21,280)
  • Technology (15,763)
  • World (765)

Recent News

Icing‐related injuries in polar bears (Ursus maritimus) at high latitudes – Laidre – 2024 – Ecology – ESA Journals

Frozen Peril: The Devastating Impact of Icing Injuries on Polar Bears in the High Arctic

August 8, 2025
Carnegie Science Center launching new name in September – CBS News

Carnegie Science Center Unveils Exciting New Name This September

August 8, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version