RumbleOn recently announced financial results for the three months ended June 30, 2019.
“I am very proud to report, in less than two years, RumbleOn achieved record revenue of $270.2 million dollars in a single quarter and unit sales of 13,928. Our second quarter results were well ahead of our prior expectations and are evidence that consumers and dealers are demanding a better way to buy, sell and trade pre-owned vehicles,” said RumbleOn CEO Marshall Chesrown. “Our success in powersports has given us a playbook that we are deploying across the automotive business rapidly and we are in the early days of establishing ourselves as a leader. We believe there is an immense opportunity for us to continue to gain market share in powersports, while expanding our presence in automotive.”
“We had another quarter of solid revenue growth and will spend the second half of 2019 focused on constant improvements of operations and costs of the business as we gear up for a record setting 2020,” concluded Chesrown.