UACC originates $118M in auto loans in Q1 following acquisition by Vroom
Vroom is pulling back on growth and focusing on profitability following the formation of its own captive finance arm through ...
Tag: United Auto Credit
Vroom sees 92% YoY increase in e-commerce units sold in Q4
Vroom benefited from improving used-vehicle inventory, continued strong demand and brand recognition during the fourth quarter of 2021 as the ...
United Auto Credit closes first ABS deal after acquisition by Vroom
United Auto Credit (UACC) closed its first asset-backed securitization deal following Vroom’s acquisition of the subprime lender, solidifying the retailer’s ...
Vroom completes UACC acquisition
Vroom completed its acquisition of United Auto Credit Corporation today, closing a $300 million deal to establish a captive finance ...
Vroom hits record 81% of vehicles sold in Q3 sourced from consumers
Vroom saw increases in gross product revenue and gross profit per e-commerce unit and is addressing supply chain issues by ...
Vroom financing partners to remain intact following UACC acquisition
Vroom’s third-party financing partnerships will remain in place following its acquisition of subprime lender United Auto Credit Corporation, which will ...
Vroom to acquire United Auto Credit for $300M
Online used-car retailer Vroom has entered into a definitive agreement to acquire subprime lender United Auto Credit Corporation in a $300 ...
Dismissed MLA case against United Auto Credit provides brief respite for auto lenders
A recently dismissed case in the Eastern District Court of Virginia against subprime lender United Auto Credit has provided a ...
