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 ...

Former used-car retailer Vroom agreed to pay $1 million to settle claims levied by the Federal Trade Commission that it misrepresented inspection work done on vehicles it sold, failed to offer ...

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 ...

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 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 ...

Vehicles sit inside a Carvana Co. car vending machine in Westminster, Calif. Following a tumultuous exit from the online used car space, the CEO of what was Carvana’s (CVNA) largest competitor says ...

Most companies would bemoan a 67% drop in the number of vehicles sold online in the third quarter of 2022. Not so used car retailer Vroom. “We've made the choice to slow down. We slowed down with the ...

While Carvana escaped its seeming plunge into bankruptcy and is now trading for $45 a share, the used car seller now has one fewer competitor. Vroom is technically still around but is now pivoting to ...

If new car sales drop, there will be fewer used cars to sell, and their prices will also rise The 25% tariffs on all foreign cars started Thursday, and will be followed by 25% tariffs on foreign-made ...