Market Overview

RumbleOn, Inc. Reports Second Quarter 2018 Financial Results


Record 129% Vehicle Unit Sales Growth Quarter-over-Quarter

RumbleOn, Inc. (NASDAQ:RMBL), an e-commerce platform that enables
consumers and dealers to buy, sell, trade and finance pre-owned
powersport vehicles in one online location, announced financial results
for its second quarter ended June 30, 2018. RumbleOn has issued a
shareholder letter with a discussion of its second quarter 2018
financial results, which may be accessed on the Investor
section of the Company's website.

"In the second quarter, we exceeded our prior unit sales guidance and
continued to execute on our plan to achieve rapid unit and revenue
growth. A surge in demand for cash offers, combined with a reduction in
average days to sale and improvements across freight and reconditioning
costs, drove record volume, revenue and gross profit in the quarter. We
are on track to achieve unit sales in excess of 12,000 for the full year
2018, which would result in a revenue run rate of more than $150 million
by the end of 2018, and our plan is to double unit sales by the end of
2019," said Marshall Chesrown, RumbleOn's Chief Executive Officer. "We
operate in an industry with a fragmented competitive landscape. We are
well-positioned to capture the huge market opportunity to drive
long-term growth and deliver value to our shareholders."

Conference Call Details

RumbleOn's management will host a conference call today, July 26, 2018,
at 5 p.m. Eastern Time (2 p.m. Pacific Time) to discuss the results. A
live webcast of the call can be accessed from the Events & Presentations
section of RumbleOn's Investor Relations website, or by following this
. A replay of the call will be available on the same website.
Investors and analysts can participate on the conference call by dialing
(877) 273-6127 or (647) 689-5394 and using conference ID #3378778. An
audio replay of the call will be available via telephone for seven days,
beginning two hours after the call. To listen to the replay please dial
(800) 585-8367, or (416) 621-4642 for callers outside North America
(access code 3378778).

About RumbleOn

RumbleOn, Inc. (RMBL) operates a capital light disruptive e-commerce
platform facilitating the ability of both consumers and dealers to buy,
sell, trade and finance pre-owned powersport 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 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. For additional information, please
visit RumbleOn's website at
Also visit the Company on Facebook, LinkedIn, Twitter, Instagram,
YouTube and Pinterest.

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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