RETAIL TECHNOLOGY
Coverage of the digital transformation around selling a vehicle, from the use of software tools and social media to reach buyers to creating a showroom-free online sales experience.
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Online used-vehicle retailer Vroom said that its COO, Tom Shortt, 53, is joining its board and succeeding Paul Hennessy as the company's CEO.
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TrueCar CEO Mike Darrow said the company envisions itself as a modern auto marketplace that allows consumers to do as much or as little of a vehicle purchase online as they want.
Jeff Wyler Automotive Family, with 23 dealerships in three states, completed its first vehicle transaction using cryptocurrency in April at a store in Kentucky.
The online used-car retailer struggled this week to raise $3.3 billion in the corporate debt market, having to revamp a junk-bond offering.
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