Vroom
Vroom announced on January 22, 2024, that it has halted all purchases and sales of used vehicles while its subsidiaries, United Auto Credit Corporation (UACC) and CarStory, continue to operate and grow their businesses.
Company Announcement on January 22, 2024
On January 22, 2024, Vroom announced a significant shift in its business operations. The company stated that it would halt all purchases and sales of used vehicles. This strategic decision marks a major transition for the organization, reflecting changes in market conditions and operational focus.
Subsidiaries United Auto Credit Corporation (UACC) and CarStory
Vroom's subsidiaries, United Auto Credit Corporation (UACC) and CarStory, will continue their independent operations. UACC will focus on providing automotive financing solutions, while CarStory will maintain its platform offering over 4 million new and used cars. Both subsidiaries are committed to growing their respective businesses despite the changes at Vroom.
Customer Resources
Vroom provides various resources for its existing customers, ensuring that their needs are met even amidst the operational changes. These resources include GAP claims, vehicle service protection (VSP) or multicoverage options, and roadside assistance. These services are designed to offer customers peace of mind and continued support.
CarStory Automotive Marketplace
CarStory, a subsidiary of Vroom, offers an extensive selection of new and used cars, numbering over 4 million. This platform caters to a wide range of automotive needs and preferences, providing customers with numerous options to find the vehicle that suits them best.
Commitment to Accessibility
Vroom is committed to making its services accessible to all customers, including those who utilize assistive technology. The company strives to ensure that its resources and platforms are user-friendly and inclusive, reinforcing its dedication to serving a diverse customer base.
