−Removed: We lease office space in Houston, Texas, consisting of approximately 102,492 square feet of space under a lease that expires in November 2024.
−Removed: We have used this space as our corporate headquarters and to support our administrative functions, including finance, human resources, information technology, engineering, sales and marketing and other administrative functions, all of which supported our Ecommerce and Wholesale segments.
−Removed: In addition, we operated the TDA dealership outside Houston, Texas, consisting of approximately 58,000 square feet under a lease that expires in September 2024.
−Removed: This space included our Vroom VRC, and supported reconditioning and sales operations for our Ecommerce segment.
−Removed: In connection with the Value Maximization Plan and the wind-down of the ecommerce business, we intend to cease using both facilities.
UACC leases office space in Newport Beach, California, consisting of approximately 20,058 square feet of space under a lease that expires on March 31, 2029.
2 unchanged sentences
UACC uses this space as its servicing center and to support UACC's retail indirect financing, including servicing, collections, remarketing and recovery operations.
−Removed: UACC also leases office space outside of Buffalo, New York, consisting of approximately 12,000 square feet of space under a lease that expires in June 2031.
+Added: UACC also leases office space outside of Buffalo, New York, consisting of approximately 12,000 square feet of space under a lease that expires January 1, 2032.
UACC uses this space as its buyer center and to conduct credit underwriting operations in support of its indirect retail financing.
The Fort Worth and Buffalo spaces support our Retail Financing segment.
−Removed: We have been negotiating early terminations of leases that are no longer needed for our ecommerce business.
We believe our existing and planned facilities are sufficient for our current needs and that, should it be needed, suitable additional or alternative space will be available to accommodate our operations.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.