AP NEWS

RumbleOn Expands Network into North Carolina through Strategic Partnership with Greensboro Auto Auction Inc.

January 23, 2019

DALLAS--(BUSINESS WIRE)--Jan 23, 2019--RumbleOn (NASDAQ: RMBL ), the only 100% online pre-owned vehicle marketplace, today announced the launch of a new distribution, reconditioning, and inspection partnership with Greensboro Auto Auction (GAA) – the south’s leading independent, dealer-exclusive auto auction. With this latest piece of an ongoing national expansion, RumbleOn now has regional partnerships in 14 markets across the country.

“With its strategic location in the Southeast, a strong partnership with GAA brings an immediate benefit to our customers and demonstrates the viability of our capital-light network model,” said Marshall Chesrown, Founder, Chairman and CEO of RumbleOn. “As we continue to expand our network throughout the country this year, we believe these mutually beneficial partnerships will enable us to reduce our average days to sale and improve the cost efficiency of logistics, while maintaining an unparalleled customer experience.”

“We are excited to announce our long-term partnership with RumbleOn. We’re always looking to work with innovative, disruptive companies like RumbleOn to increase our sales volume and customer offerings, which ultimately benefits the dealers that have come to rely on our services,” remarked Jerry Barker, General Manager of Greensboro Auto Auction.

Based in Greensboro, North Carolina, Greensboro Auto Auction, is comprised of three facilities on over 260+ acres, all locally owned and operated by over 850 employees. Every week, GAA offers over 3000 vehicles across 16 auction lanes.

About RumbleOn:

RumbleOn (NASDAQ: RMBL) is an innovative e-commerce company whose mission is to simplify how dealers and customers buy, sell, trade, or finance pre-owned vehicles through one online location. Leveraging its capital-light network of regional partnerships and innovative technological solutions, RumbleOn is disrupting the old-school pre-owned vehicle supply chain by providing users with the most efficient, timely and transparent transaction experience. For more information, please visit http://www.rumbleon.com

View source version on businesswire.com:https://www.businesswire.com/news/home/20190123005147/en/

CONTACT: Investor Relations:

The Blueshirt Group

Whitney Kukulka

Investors@rumbleon.comMartin McBride - Communications Manager

Martin@rumbleon.com

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: ONLINE RETAIL AUTOMOTIVE RETAIL GENERAL AUTOMOTIVE

SOURCE: RumbleOn

Copyright Business Wire 2019.

PUB: 01/23/2019 09:00 AM/DISC: 01/23/2019 09:01 AM

http://www.businesswire.com/news/home/20190123005147/en

AP RADIO
Update hourly