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May 12, 2016 - Industry News

GO Financial Exits Indirect Channel

The subprime finance source’s president says the company’s decision to exit the indirect channel was neither performance-based nor a reflection of current conditions in the subprime auto finance sector. Move connected to Cox's purchase of Dealertrack.

Tags: Cox Automotive, Dealertrack, DriveTime, GO Financial, subprime

January 7, 2015 - Industry News

GO Financial Completes Sale of Additional Equity Interest to Manheim

GO Financial, a Phoenix-based subprime auto finance company, completed the sale of an additional equity interest in the company to Manheim.

Tags: DriveTime, Equity, GO Financial, Manheim

December 11, 2014 - Industry News

DriveTime Selects Manheim, Go Auto Exchange as Remarketing Partners

The partnership makes Manheim and Go Auto Exchange DriveTime’s primary source for remarketing wholesale inventory through its physical locations, mobile auctions and online.

Tags: Auto Auctions, DriveTime, Go Auto Exchange, Manheim

November 19, 2014 - Industry News

CFPB Takes First Action Against BHPH Dealer

DriveTime Automotive Group was ordered to pay an $8 million penalty for making harassing debt collection calls and providing inaccurate credit information to credit reporting agencies.

Tags: buy-here, CFPB, Consumer Financial Protection Bureau, Dodd-Frank Act, DriveTime, Fair Credit Reporting Act, pay-here, Richard Cordray

November 21, 2013 - Industry News

Manheim, DriveTime Launch Wholesale Auction Company

Manheim and DriveTime have partnered to form Go Auto Exchange LLC, a new wholesale auction company geared toward independent dealers.

Tags: Auto Auctions, DriveTime, Independent Dealerships, Manheim

November 19, 2012 - Industry News

DriveTime Terminates Santander Agreement

DriveTime terminated its definitive agreement with Santander and other third-party investors “due to certain unsatisfied conditions.”

Tags: Definitive Agreement, DriveTime, Sale, Santander Consumer USA, SEC, termination, third-party investors

September 20, 2012 - Industry News

Santander, Third-Party Investors Eyeing DriveTime

DriveTime’s vehicle financing portfolio is expected to be purchased by Santander Consumer USA, while third-party investors are looking to purchase the buy-here, pay-here group’s operations and facilities.

Tags: CreditWatch, DriveTime, Santander Consumer USA, SEC, Standard and Poor's

November 1, 2011 - Industry News

Drive Time Selects Inilex as GPS Solutions Provider

Drive Time announced it has selected Inilex to be the supplier of GPS-based vehicle tracking and recovery solutions for its 89 dealership locations.

Tags: DriveTime, GPS devices, vehicle tracking solutions

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