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Vroom is changing the way used cars are bought and sold
The used car lot – or as the marketing department would put it, the pre-owned auto showroom – is still a viper’s nest of suspenders-clad, fast talking hucksters.
Vroom is looking to upend those expectations. Launched in August 2013, the ecommerce platform is already the largest online used car retailer in the United States.
In May the company saw $20 million in sales; they’re on pace to hit $400 million this year. And in June, Vroom announced they raised $19 million in funding, entirely from private investors (John Elway is one of them).
For buyers, Vroom will deliver the car free to the purchaser’s front door (in all 50 states) and offers a 7-day money back guarantee. There’s no haggling and no hidden cost. Interested sellers can scan their VIN, answer eight questions, and get an exact price in less than five minutes.
“This is a low margin business, and to be successful we need to compensate with low facility costs and very high volume,” CEO Allon Bloch told us. “We’re creating the tech to support that – we make it really easy for consumers to find a car, and to sell us a car… If you do it right, it becomes a virtuous cycle.”
A team of 140 employees in Dallas and New York, Vroom is hiring for a variety of jobs in Grand Prairie, Texas and New York, New York.
And if you’re in the market to buy or sell a used car, you can check out Vroom right here.
Now go forth (and get off the lot).
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