Quote:
Originally Posted by mcintyre1969
I didn't take in account delivery fees, warranties, financing. Not bad!
In 2020, Vroom sold 15,543 more vehicles than in 2019, a YoY increase of 82.0%. ... Gross profit per vehicle actually declined due to lower selling margins, but strong profit growth in products (warranties, financing, etc) resulted in total e-commerce gross profit growth of 89.4%.Mar 24, 2021
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Perhaps due to the Pandemic since a lot of dealerships were closed. However I do still think this is going to be a good thing for companies like Vroom. Not many people have the time or desire to spend all day in a dealership. I could definitely see the benefits to paying slightly more but not having to be in a dealership being pressured into shit all day. And there are still a lot of areas that are being heavily impacted by the Pandemic. I mean it is just like online shopping. You order what you want and have it delivered right to you without hassle.