Mar 11, 2018
News last week that used car site Vroom is laying off 25%-50% of its staff nationwide as it halts Dallas and Indiana operations sparked a conversation during AutoConverse "On Air" last week with Host Ryan Gerardi and Guest Frank J Lopes.
The moves underscore some of the challenge of scaling and running startups in the area of online used car sales amid the hundreds of millions of dollars that are being invested in the space.
But looking deeper into this development, skeptics can't help but speculate that these moves point to something more significant. Do these moves signify that the market for consumers that don't want to "kick the tires" is not as large as venture capitalists like to think?
AutomoBuzz refers to news related to the automotive industry.