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Vroom raises $50 million to sell used cars online, taking its total to $218 million in 3 years/venturebeat

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Vroom raises $50 million to sell used cars online, taking its total to $218 million in 3 years


Vroom raises $50 million to sell used cars online, taking its total to $218 million in 3 years
Online used car platform Vroom announced that it has raised a fresh $50 million Series E round from newcomers Altimeter Capital and Foxhaven Asset Management, with participation from existing investors L Catterton, General Catalyst Partners, and Allen & Company, among others.This cash injection takes the company's total funding to $218 million and comes a little more than a year after Vroom's $54 million Series C round, which was followed swiftly by a $95 million Series D round five months later.Founded out of New York in 2013, Vroom sidesteps second-hand car salespeople by offering what it touts as "quality pre-owned cars" through its website.


Best used cars to buy in 2016


Best used cars to buy in 2016
We all want to save money on our motoring bills – and one of the best ways to do this is to buy a used car instead of forking out on a factory-fresh model.Not only will you pay thousands less than list price, choose carefully and you'll be able to pick a lightly used model that's still covered by its manufacturer warranty.With the previous owner having taken the major part of the depreciation hit, you'll be left to enjoy your new wheels from under a far smaller financial burden.






PAMADA shows concerns over used cars import scheme


PAMADA shows concerns over used cars import scheme
ISLAMABAD: Pakistan Automobiles Assemblers Dealer Association (PAMADA) on Wednesday urged the government to look into the issue of misuse of used cars import schemes in Pakistan."The government should probe the biggest impediment to new investment, misuse of baggage and gift schemes for imports of used cars.This misuse is also resulting in huge losses to national kitty", said PAMADA Chairman Iqbal Shah.


Strong support for used cars - Second-hand dealers reject substandard suggestions


Strong support for used cars - Second-hand dealers reject substandard suggestions
Jamaica's used-car dealers are dismissing talk that they have been importing used cars that are not made for Jamaica and that it renders them unserviceable.Managing director of Carland Investments Tariq Malik describes the assertion as a scare tactic aimed at preventing prospective car owners from getting the types of cars that other markets get."That's absolute nonsense.


72% of used cars in India sold on Olx


72% of used cars in India sold on Olx
Around 72 per cent of all used cars sold in India are using the services of OLX, the online marketplace for used goods.Using the statistic, the company said it holds the largest market share in the used car space.As per industry estimates, there are 275,000 used cars sold in India every month.


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