Another Online Used-Car Dealer Bites the Dust: Vroom, 3.5 Years after Red-Hot IPO, Shuts Down as Ally Suspends Credit Line

Another Online Used-Car Dealer Bites the Dust: Vroom, 3.5 Years after Red-Hot IPO, Shuts Down as Ally Suspends Credit Line

Upworthy

Published

The SPACs Shift Technologies and Carlotz are already dead. Carvana is still out there, after its distressed debt exchange. In an SEC filing and an announcement on its website Monday evening, Vroom Automotive said that it shut down as used vehicle dealer after Ally suspended its credit line. Vroom…

#carlotz #carvana #vroomautomotive #unitedautocredit #carstory #ycharts #implodedstocks #spac #zombie #apollo

Full Article