HOUSTON – The once top competitor to Carvana has hit the brakes on its online used car business.
Texas-based Vroom announced it’s shutting down its online sales operations and laying off nearly 800 employees.
Instead of listing used vehicles on Vroom.com, the company announced: “Vroom has halted all purchases and sales of used vehicles. We are discontinuing Vroom’s e-commerce operations and winding down our used vehicle dealership business.”
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