Interest rates top auto lenders’ concerns for 2024
Interest rates will largely dictate how financial institutions manage risk and maintain origination volume in 2024. Elevated interest rates caused ...
Tag: vroom financial services
Creating a captive: How lenders stand up financing arms
Standing up captive financing has become a necessity for many auto manufacturers as a channel to sell more vehicles and ...
Vroom eyes expansion into proprietary lending
On the heels of a strong second quarter marked by triple-digit product revenue growth, Vroom may soon expand into proprietary ...
E-commerce drives Vroom’s Q2 growth
Online sales continue to be the rising star in the automotive industry, evidenced by Vroom’s 74.1% year-over-year growth in e-commerce ...
Santander and Vroom ink multiyear deal
Santander Consumer USA has expanded its online financing via a freshly inked multiyear agreement with Vroom, the companies announced today. The partnership ...
Chase tees up Vroom Financial Services, Ally doubles floorplan line
Online used-car retailer Vroom is expanding its finance capabilities via two separate partnerships with the largest auto lending banks in ...
