NEW YORK--Vroom, Inc. (“Vroom”), another e-commerce platform for buying and selling used vehicles, with no original or distinguishing benefits to the consumer or dealer, today announced that it has commenced an underwritten public offering of its common stock. Vroom is offering 9,000,000 shares of its common stock pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission (the “SEC”). Vroom expects to grant the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of its common stock at the public offering price, less the underwriting discount.
A registration statement on Form S-1 relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Vroom is yet another digital used car dealer, who claims that their scalable, data-driven technology brings all phases of the vehicle buying and selling process to consumers wherever they are and offers an extensive selection of vehicles (3000), transparent pricing, competitive financing, and contact-free, at-home pick-up and delivery.Editor's Note: ABOUT YOUR TRADE-IN: In today's crazy auto marketplace your trade-in is the most valuable piece in the new car purchase puzzle, so don't let anyone steal it's real value from you.
Trade-ins are where The real profit in new car sales comes from.
I'm sure you noticed that there are more and more TV commercials for national used car dealers like CarMax, Carvana, Vroom, AutoNation, Car Guru and many others, all advertising that they will “do you a favor” and quickly buy your used car for cash with a promise to immediately pick it up the same day no matter where you live.
Understand that there is meaningful dealer profit in trade-ins, if there wasn't TV dealers wouldn't be spending so much and working so hard to convince you to sell your used car to them. Enjoy Your New Car!
Today's energetic and price conscience new car buyer has real leverage that when used correctly can lower their new car price by getting more from the dealer for their trade.
It's just like shopping for the right financing before buying...research your trade's real value before buying by getting written buy offers from local dealers, used car lots and other new car dealers, do not rely on or believe the true blue, green, black or fuchsia online used car value sites...so when YOU are ready to negotiate you will know your trade-in's legitimate value and save hundreds if not thousands on your new vehicle purchase...be strong, save money and have fun!