RumbleOn Expands Horizons with New Director of Specialty Vehicles
CHARLOTTE, N.C.--(BUSINESS WIRE)--Aug 1, 2018--RumbleOn (NASDAQ: RMBL ), the only 100 percent online powersports marketplace, today announced the appointment of Kevin Cooper as Director of Specialty Vehicles to support its strategic planning for expansion into the specialty vehicle markets of Boats and RVs. Since RumbleOn’s inception, the platform has proposed a solution to the traditionally arduous process of buying, selling, trading and financing powersport vehicles with an efficient, safe and scalable acquisition and distribution model. With inventory and data centered around VIN, the stage is set for new developments. Cooper has joined RumbleOn to spearhead plans for expansion beyond motorcycles later this year and into 2019. This future enhancement of the platform into other vehicle segments enables consumers and dealers to create liquidity for their assets as they do successfully today in the Powersports vehicle segment through RumbleOn.
Prior to joining RumbleOn, Cooper most recently was the Director of Specialty Vehicles for Manheim auctions, a division of Cox Automotive, where he was responsible for overseeing operations, sales strategy and marketing efforts across its 23 branded specialty locations. During over a decade with Manheim, Cooper helped propel the brand to its leadership position in the Boat and RV industry by working with locations to develop a wholesale marketplace for both financial institutions and dealers to efficiently remarket specialty products. Before Manheim, Kevin spent six years with MarineMax, Inc. managing used boat inventory in the Central U.S. region.
“The expertise that Kevin brings to RumbleOn will be instrumental in our strategic plan to expand into Boats and RV’s in the future. We are the platform for consumers to buy, sell, trade or finance motorcycles, and Kevin’s deep industry experience will help extend our strategic vision into new markets,” said Marshall Chesrown, CEO of RumbleOn. “With RumbleOn, we sought out to disrupt the way consumers buy, sell, trade and finance vehicles online, and we’re not stopping with motorcycles: we have our eye on new markets and an expert team to lead us there. Kevin will be a very important component of our continued success and we are excited to say the least!”
“RumbleOn’s motorcycle customers have seen the speed at which they can sell their used powersports, or purchase the one of their dreams. This excitement shouldn’t be limited to just two wheels; we’re creating a vehicle buying and selling powerhouse for enthusiasts across the country,” said Cooper. “I’m honored to be a part of this industry-revolutionizing leader in the space, and to lend my expertise to continued momentum for the company.”
For more information on the RumbleOn marketplace, visit www.rumbleon.com.
RumbleOn operates a capital-light disruptive e-commerce platform facilitating the ability of both consumers and dealers to Buy-Sell-Trade-Finance pre-owned vehicles in one online location. RumbleOn’s goal is to transform the way pre-owned vehicles are bought and sold by providing users with the most efficient, timely and transparent transaction experience. RumbleOn’s initial focus is the market for vin specific pre-owned powersport vehicles with an emphasis on motorcycles and other powersports. Serving both consumers and dealers, through its 100% online marketplace platform, RumbleOn makes cash offers for the purchase of pre-owned vehicles. In addition, RumbleOn offers a large inventory of pre-owned vehicles for sale along with third-party financing and associated products.
Cautionary Note on Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect RumbleOn’s current expectations, projections and guidance with respect to its financial condition, results of operations, plans, and objectives. The inclusion of projections and guidance in this press release should not be regarded as an indication that RumbleOn considered, or now considers, them to be a reliable prediction of future results. RumbleOn cautions that these statements, projections and guidance are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained in this press release. Such factors include the “Risk Factors” set forth in RumbleOn’s most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. All forward-looking statements are based on information available to RumbleOn on the date of this press release and RumbleOn assumes no obligation to update such statements, except as required by law.
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PUB: 08/01/2018 09:00 AM/DISC: 08/01/2018 09:01 AM