After surge in e-comm biz, online used car seller Vroom files to go public

Online used car seller Vroom Inc filed for a US initial public offering on Monday, at a time when the coronavirus-led restrictions are shifting consumer spending to online platforms.

The company said it saw a huge surge in its e-commerce business, with the unit's revenue rising 160% in the first quarter of 2020.

Auto retailers have been slow to embrace e-commerce, but the Covid-19 pandemic is forcing dealers to turn to digital tools to close deals without a handshake and arrange for vehicles to be picked up or delivered without requiring customers to visit stores.

Vroom's rival Carvana Co ,