The Auto Authorities Podcast

Vroom Boom Bust: Inside the Online Car Market Meltdown

February 13, 2024 The Auto Authorities Production Team
The Auto Authorities Podcast
Vroom Boom Bust: Inside the Online Car Market Meltdown
Show Notes

You can't believe your eyes as the once high-flying online used car retailer Vroom utterly implodes before you. How could a company valued at over $12 billion just two years ago now be worth only $100 million and facing bankruptcy? What forces combined to take down this former Wall Street darling that promised to disrupt the entrenched auto dealership model? Join expert hosts Jay Grosman and Gerald Bentley as they unpack the spectacular rise and fall of Vroom, analyzing their flawed business strategy, economic missteps and failure to turn profits. You'll discover the perfect storm of factors that accelerated their downfall - from rising interest rates to supply chain woes. Most shockingly, you'll hear allegations of how Vroom deceived customers and regulators while problems mounted behind the scenes. This is a dramatic, insider account of ambition, greed and incompetence - the story of the biggest online auto retailer ever to crash and burn. Don't miss this wild ride that both industry insiders and ordinary consumers need to hear.