Online Automotive Retailer Vroom Offers Last Mile Concierge Experience to Chicago Locals

Rhea-AI Summary

Vroom, Inc. (Nasdaq:VRM) has launched a new hub in Chicago, enhancing vehicle delivery services for 4.7 million residents across 420 zip codes. This initiative features personalized concierge services, delivering cars directly to customers' driveways. Year-over-year, car purchases in the area surged by 173%, while consumer sales to Vroom rose by 308%. The company prioritizes customer service by hiring employees with hospitality backgrounds and has achieved its 1000th Last Mile delivery. Vroom aims to expand this service nationwide.

Positive

• Opened a new hub in Chicago, increasing service availability to 4.7 million people.
• Year-over-year car purchases increased by 173%, indicating strong demand.
• Consumer sales to Vroom rose by 308%, showing robust business growth.
• Achieved 1000 Last Mile deliveries, demonstrating operational progress.

Negative

• None.

Car Buyers Within 25-Mile Radius Receive More Personalized Service, Direct to Their Driveways

CHICAGO, May 04, 2021 (GLOBE NEWSWIRE) -- Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced the opening of a new Chicago hub and a more customized driveway experience for 4.7 million people in 420 zip codes within a 25-mile radius. Vroom has delivered in the Chicago area since the company was founded in 2012 and is now offering an experience that includes a more personalized concierge service where customer advocates transport cars directly to car buyers’ driveways on Vroom-branded trucks and show them how to use their new vehicles. Vroom’s Chicago Last Mile hub is located in Hoffman Estates.

Vroom’s mission is to offer the best driveway experience possible for both delivery and pickup, especially as the pandemic has increased consumer appetite for remote car buying and selling. Car purchases by Chicago-area Vroom customers increased by 173% year-over-year from 2020 to 2021, and cars sold to Vroom by consumers increased by 308%. With an emphasis on customer service, Vroom is taking a unique approach by recruiting employees with hospitality and client service experience. Bolstered by Vroom’s Chief Logistics Officer, Mary Kay Wegner, and her logistics leadership team, led by new VP of Transportation, John Piatak, who manages Vroom’s delivery hubs nationwide and joined Vroom after leading logistics at Carvana, the company recently made its 1000th Last Mile delivery.

“With our valued customers in mind, creating a more personalized driveway experience and rolling out more local hubs across the country has been a priority for us at Vroom and we’re excited to launch this offering in Chicago, a city with a well-known and long-standing presence in the automotive industry,” said Wegner. “As we prioritize expanding the Last Mile experience nationwide, we’ll continue to grow and invest in our senior logistics team to support these efforts.”

Through its ecommerce platform and data-driven technology, Vroom offers thousands of low-mileage, reconditioned vehicles with delivery to consumers wherever they are in the U.S. It also arranges financing through leading lenders and offers warranty and other value-added products that provide convenience for customers. In addition to providing a better way to buy a car, Vroom’s Sell Us Your Car^® offering allows customers who wish to sell or trade in their vehicles to receive appraisals within minutes, attractive market-based pricing, hassle-free loan payoffs and convenient vehicle pickup.

For more information on Vroom’s car buying and selling options, visit Vroom.com.

About Vroom:
Vroom is an innovative, end-to-end ecommerce platform designed to offer a better way to buy and a better way to sell used vehicles. The company's 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, transparent pricing, competitive financing, and at-home pick-up and delivery. Vroom is based in New York and Houston and also operates the Texas Direct Auto and CarStory brands.

Media Contact:
Moxie Communications Group
Alyssa Galella
vroom@moxiegrouppr.com
(562) 294-6261

Source: Vroom, Inc.

FAQ

What is the significance of Vroom's new hub in Chicago for VRM shareholders?

The new hub is set to enhance service delivery for millions, potentially increasing sales and revenue for Vroom, benefiting VRM shareholders.

How has Vroom's performance changed in Chicago over the past year?

Vroom reported a 173% increase in car purchases and a 308% increase in cars sold by consumers in the Chicago area year-over-year.

What unique services does Vroom offer to enhance the car buying experience?

Vroom offers personalized concierge services, delivering cars directly to driveways, which enhances customer satisfaction.

What is Vroom's stock symbol?

Vroom's stock symbol is VRM, and it is listed on the Nasdaq stock exchange.