Online Automotive Retailer Vroom Announces Amendment of Floorplan Commitment from Ally Financial

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Dec 20, 2021

Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles (the “Company”), today announced an amendment to its inventory financing agreement with Ally Financial Inc. (NYSE: ALLY), a leading digital financial services company, to increase the line of credit to $700 million, up from $450 million previously.