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5 Questions … John Castle, Vice President of Consumer Finance, Vroom

John Castle

John Castle, VroomVice President of Consumer Finance has set out to redefine the car buying process. This is a successful method during the COVID-19 pandemic.

Total product revenue of online used car retailers, including auxiliary products, 166.3% surge In the fourth quarter of 2020, it was $ 10.4 million year-on-year, up from 177.9% year-on-year to $ 30.9 million. Vroom’s e-commerce sales also increased 73.9% year-on-year to over 11,000 units.

Vroom’s goal is to set itself apart from the traditional car dealership process. This move was revealed through the company’s advertisement. Vroom joined the Super Bowl LV marketing lineup in February to become a dealer horror film scene.

Castle said Vroom also prioritizes technological innovation Auto Finance News In March, car lenders and dealers had to move, he added. Apart from legacy Systems and processes to meet consumer demand for more digital capabilities.

“That’s what the consumer is talking about. They only think of this entire transaction cycle end-to-end. For them, it’s been a single purchase,” Castle said.

Auto Finance Excellence I asked Castle five questions to learn about Bloom’s goals, thoughts on lending trends, and amazing facts that colleagues may not know about him.

Castle to drive Jeep “There’s nothing better than opening the door and going a top-down cruise in the middle of the summer,” said Wrangler Unlimited.

Auto Finance Excellence: What is your company’s goal within about 10 words?

John Castle: Transform the way people buy and sell cars.

AFE: What is your favorite leadership advice you have received so far?

JC: Hire people with different backgrounds much smarter, listen and do everything you can to get rid of obstacles and obstacles so that they can succeed.

AFE: Who has had the greatest impact on your career?

JC: We all think that it is shaped by our entire experience (both good and bad), so we never limit it to one person or experience.

AFE: What do you think is the most undervalued lending trend?

JC: Consumers want a fully digital lending experience and the speed at which they expect it.

AFE: What surprised your employees to know about you?

JC: I went to college for the first time in my family, so I paid for all the undergraduates myself.

The Auto Finance Risk Summit, a premier event on auto finance risk and compliance, will be held as a virtual experience from May 11-12, 2021. Virtual Experiences provide quality networking and education for past events, all through an online platform. For more information and registration for the 2021 event, please visit: 5 Questions … John Castle, Vice President of Consumer Finance, Vroom

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