Vroom (company)

Vroom CEO Named Executive to Watch in 2024 by Auto Finance News

Retrieved on: 
Thursday, December 21, 2023

Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, announced today that Tom Shortt, Chief Executive Officer, has been recognized by Auto Finance News as one of its Executives to Watch in 2024, a recognition the publication has been making based on experience, leadership, vision and ability to shake up the industry with an innovative, forward-thinking approach to auto finance.

Key Points: 
  • Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, announced today that Tom Shortt, Chief Executive Officer, has been recognized by Auto Finance News as one of its Executives to Watch in 2024, a recognition the publication has been making based on experience, leadership, vision and ability to shake up the industry with an innovative, forward-thinking approach to auto finance.
  • “This recognition is a testament to the commitment of all our Vroommates and UACC colleagues to achieving the objectives of our long-term roadmap,” said Tom Shortt, Vroom Chief Executive Officer.
  • Along with access to thousands of vehicles on Vroom.com, consumers get the peace of mind that all cars undergo an extensive inspection and reconditioning process.
  • If, before 7 days or 250 miles (whichever comes first), they decide it's not right, Vroom will help them exchange it for something else or refund the purchase price.

Vroom Partners with West Virginia DMV To Reduce Wait Time for Vehicle Titles

Retrieved on: 
Tuesday, November 7, 2023

As the only retailer with access to this digital title clearinghouse, Vroom will be able to transfer out-of-state titles into the company’s name and significantly reduce the timeline for processing them.

Key Points: 
  • As the only retailer with access to this digital title clearinghouse, Vroom will be able to transfer out-of-state titles into the company’s name and significantly reduce the timeline for processing them.
  • “Vroom’s mission is to create a car buying experience for customers that is easy and provides them peace of mind,” said Tom Shortt, Chief Executive Officer of Vroom.
  • “We would like to thank West Virginia Governor Jim Justice and DMV Commissioner Everett Frazier for their leadership and partnership as we work together to lead the digitization of vehicle titling.
  • “The West Virginia DMV is excited to launch its National Digital Title Clearinghouse with Vroom as its first adopter,” said Commissioner of the West Virginia DMV Everett Frazier.

RumbleOn's Two Largest Stockholders Will be Nominating Five Highly Qualified Candidates for Election to Company's Board of Directors

Retrieved on: 
Wednesday, March 15, 2023

IRVING, Texas, March 15, 2023 /PRNewswire/ -- William Coulter and Mark Tkach, who together own approximately 32.5% of the outstanding Class B shares of common stock of RumbleOn, Inc. ("RumbleOn" or the "Company")(NASDAQ: RMBL), today issued an open letter to the Company's stockholders. Mr. Coulter and Mr. Tkach announced that they have nominated five highly qualified candidates for three Board seats that will be up for election to the Board of Directors of the Company (the "Board") at its 2023 Annual Meeting of Stockholders.

Key Points: 
  • Mr. Coulter and Mr. Tkach announced that they have nominated five highly qualified candidates for three Board seats that will be up for election to the Board of Directors of the Company (the "Board") at its 2023 Annual Meeting of Stockholders.
  • RumbleOn used both cash and stock to acquire RideNow, resulting in us obtaining approximately 32.5% of RumbleOn's outstanding Class B common shares.
  • For example, corporate governance best practice typically enables only one executive on a board of directors, most commonly the CEO.
  • In early 2017, Mr. Westfall joined the RumbleOn Board, where his role includes overseeing Mr. Chesrown and other executives.

Classic Chevrolet Welcomes John Rodkey as Chief Technology Officer

Retrieved on: 
Tuesday, April 5, 2022

Classic Chevrolet Sugar Land, the 8-time GM Dealer of the Year Award winner and the premier Chevrolet Dealer of Houston, welcomes John Rodkey as its Chief Technology Officer (CTO).

Key Points: 
  • Classic Chevrolet Sugar Land, the 8-time GM Dealer of the Year Award winner and the premier Chevrolet Dealer of Houston, welcomes John Rodkey as its Chief Technology Officer (CTO).
  • Rodkey will be part of the executive leadership team at Classic, where he will accelerate technology development to enhance employee productivity and provide consumers with the best experience possible.
  • Rodkey will bring his collaboration and technology prowess, working with the design, marketing, and business teams to evaluate, understand, and develop worthwhile technology applications.
  • We are thrilled to have John join Classic Chevrolet, said Jeff and Tiffany Sebastian, owners of Classic Chevrolet Sugar Land and Classic Chevrolet Highway 6.

Online Automotive Retailer Vroom Announces Extended Mile Hub in Statesville, Offering More Personalized Concierge Experience for North Carolina Customers

Retrieved on: 
Wednesday, February 16, 2022

Vroom , Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced its new Extended Mile hub in Statesville, North Carolina.

Key Points: 
  • Vroom , Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced its new Extended Mile hub in Statesville, North Carolina.
  • Similar to Vrooms Last Mile hubs but with broader reach, the new Extended Mile hub provides a more customized driveway experience for 2.6 million people in more than 600 ZIP codes across North Carolina.
  • The Statesville Extended Mile hub is one of Vrooms largest, having the capacity to hold up to 1,000 vehicles.
  • The Last Mile and Extended Mile hub expansion efforts are led by Vrooms Chief Logistics Officer Mary Kay Wegner.

RumbleOn Closes Captive Consumer Financing Facility

Retrieved on: 
Monday, February 7, 2022

RumbleOn, Inc. (NASDAQ: RMBL), the nations first technology-based omnichannel powersports platform, today announced that it has entered into a consumer financing facility through RumbleOn Finance, LLC, a wholly owned subsidiary of RumbleOn.

Key Points: 
  • RumbleOn, Inc. (NASDAQ: RMBL), the nations first technology-based omnichannel powersports platform, today announced that it has entered into a consumer financing facility through RumbleOn Finance, LLC, a wholly owned subsidiary of RumbleOn.
  • RumbleOn Finance is an extremely important component for the future growth and improvements to the overall customer experience of RumbleOn nationwide.
  • This credit facility further enhances our ability to create incremental sales by offering friction free consumer financing online and in the showroom, said Marshall Chesrown, RumbleOns Chief Executive Officer.
  • Giving our customers greater access to fast and easy consumer lending is just one more way we improve the customer experience allowing more powersports enthusiasts to pursue their passion.

Vroom’s Super Bowl Spot Highlights Super Easy Way to Sell Your Car

Retrieved on: 
Thursday, January 20, 2022

Now is a terrific time to sell a vehicle with used car pricing at all-time highs.

Key Points: 
  • Now is a terrific time to sell a vehicle with used car pricing at all-time highs.
  • Being a part of the Super Bowl allows us to invite tens of millions of consumers to visit Vroom.com and get an instant price on their car.
  • The full 30-second spot will air during the fourth quarter of Super Bowl LVI, which will be broadcast on CBS on Sunday, Feb. 13, 2022.
  • Vroom is an innovative, end-to-end ecommerce platform designed to offer a better way to buy and a better way to sell used cars.

Online Automotive Retailer Vroom Announces First Extended Mile Hub in Orlando, Offering More Personalized Concierge Experience for Florida Customers

Retrieved on: 
Friday, December 17, 2021

Vroom , Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced its first Extended Mile hub in Orlando, Florida.

Key Points: 
  • Vroom , Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced its first Extended Mile hub in Orlando, Florida.
  • Similar to Vrooms Last Mile hubs but with broader reach, the new Extended Mile hub in Winter Garden provides a more customized driveway experience for 4.2 million people in more than 300 ZIP codes across Florida.
  • After the Orlando Last Mile hubs success, Vroom began rolling out more hubs across the country last year, with 25 launched so far and more coming soon.
  • The Last Mile and Extended Mile hub expansion efforts are led by Vrooms Chief Logistics Officer Mary Kay Wegner.

Scott Miller Expands Role at Next Coast Ventures to Venture Partner

Retrieved on: 
Wednesday, November 17, 2021

Next Coast Ventures , an Austin-based venture capital firm investing in entrepreneurs on the Next Coast of innovation, announced today that Scott Miller has expanded his role to Venture Partner.

Key Points: 
  • Next Coast Ventures , an Austin-based venture capital firm investing in entrepreneurs on the Next Coast of innovation, announced today that Scott Miller has expanded his role to Venture Partner.
  • View the full release here: https://www.businesswire.com/news/home/20211117005092/en/
    Next Coast Ventures, an Austin-based venture capital firm, announced on Wednesday, November 17, 2021, that Scott Miller has been named as the newest Venture Partner.
  • Scott joining Next Coast as a Venture Partner is a huge win for our firm and entrepreneurs, states Michael Smerklo, Managing Director and Co-Founder of Next Coast Ventures.
  • Next Coast Ventures is an Austin venture capital firm that partners with bold entrepreneurs building innovative companies in big markets.

Online Automotive Retailer Vroom Increases Houston Presence With Launch of Last Mile Concierge Experience

Retrieved on: 
Wednesday, October 20, 2021

The hub will also allow Vroom to inspect, detail and place temporary tags on all cars being delivered or picked up in Texas.

Key Points: 
  • The hub will also allow Vroom to inspect, detail and place temporary tags on all cars being delivered or picked up in Texas.
  • Vrooms mission is to offer the best driveway experience possible for both delivery and pickup, especially as the pandemic has increased consumer appetite for remote car buying and selling.
  • The new Last Mile hub will be located in Stafford, Texas, as part of the 293K-square-foot reconditioning center.
  • Vroom is based in New York and Houston and also operates the Texas Direct Auto and CarStory brands.