RumbleOn and NADA/J.D. Power Announce a New Marketing and Referral Agreement

Rhea-AI Summary

RumbleOn (NASDAQ: RMBL) has formed a strategic partnership with J.D. Power to introduce the exclusive Powersports CashOffer tool on the NADAGuides.com website. This collaboration aims to streamline the process for customers seeking instant cash offers for their powersport vehicles. RumbleOn's President, Peter Levy, expressed confidence in the partnership's potential to enhance lead generation and referral strategies. The alliance is anticipated to fortify RumbleOn's position as a leader in the omnichannel customer experience within the powersports industry.

Positive

• Strategic partnership with J.D. Power enhances RumbleOn's visibility and sales potential.
• Introduction of the exclusive Powersports CashOffer tool may increase customer engagement and boost sales.

Negative

• None.

RumbleOn and J.D. Power establish mutually beneficial business relationship

RumbleOn to provide the only Powersports CashOffer tool on the J.D. Power website

DALLAS--(BUSINESS WIRE)-- RumbleOn, Inc (NASDAQ: RMBL), the nation’s largest seller and first omnichannel customer experience in powersports, today announced it has established a mutually beneficial business relationship with NADA/J.D. Power enabling customers to receive instant cash offers on powersports online at NADAGuides.com.

“We are thrilled to collaborate with NADA/J.D. Power and provide the only Powersports CashOffer tool on their website,” said Peter Levy, RumbleOn’s President. “We look forward to working together to determine which areas of the J.D. Power websites will be most effective for lead generation and referral purposes. We are extremely confident this will be a successful and beneficial alliance.”

About RumbleOn

RumbleOn (NASDAQ: RMBL) is the nation’s first and only omnichannel customer experience available in powersports today. RumbleOn offers an unparalleled shopping experience allowing customers to buy, sell, trade or finance at any of the Company’s physical locations or online at the click of a button and its planned acquisition growth strategy will further strengthen its omnichannel offering. Headquartered in the Dallas Metroplex, RumbleOn is revolutionizing the customer experience for outdoor enthusiasts across the country and making powersport vehicles accessible to more people, in more places than ever before. To learn more please visit us online at https://www.rumbleon.com/.

About J.D. Power

J.D. Power is a global leader in consumer insights, advisory services and data and analytics. A pioneer in the use of big data, artificial intelligence (AI) and algorithmic modeling capabilities to understand consumer behavior, J.D. Power has been delivering incisive industry intelligence on customer interactions with brands and products for more than 50 years. The world's leading businesses across major industries rely on J.D. Power to guide their customer-facing strategies.

J.D. Power has offices in North America, Europe and Asia Pacific. To learn more about the company’s business offerings, visit JDPower.com/business. The J.D. Power auto shopping tool can be found at JDPower.com.

Cautionary Note on Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on our expectations as of the date of this press release and speak only as of the date of this press release and are advised to consider the risk factors under the heading “Forward-Looking and Cautionary Statements” and “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, as may be supplemented or amended by the Company’s Quarterly Reports on Form 10-Q and other filings with the SEC. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220119006081/en/

Investor Relations Contact:

Will Newell

investors@rumbleon.com

Source: RumbleOn, Inc

FAQ

What is the significance of RumbleOn's partnership with J.D. Power?

The partnership allows RumbleOn to provide the exclusive Powersports CashOffer tool, potentially increasing customer engagement and sales.

How does the Powersports CashOffer tool benefit RumbleOn?

It streamlines the process for customers to receive instant cash offers, enhancing lead generation.

When was the partnership between RumbleOn and J.D. Power announced?

The partnership was announced on the date of the press release.

What is the stock symbol for RumbleOn?

The stock symbol for RumbleOn is RMBL.