The used-vehicle retailer has named Don Reese as its new CEO. He replaces Ray Fidel, who stepped down as the company's chief executive in January.
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Ally Financial said it will make up to $750 million available to DriveTime for the purchase of retail contracts over the coming year.
Read More →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.
Read More →GO Financial, a Phoenix-based subprime auto finance company, completed the sale of an additional equity interest in the company to Manheim.
Read More →The partnership makes Manheim and Go Auto Exchange DriveTime’s primary source for remarketing wholesale inventory through its physical locations, mobile auctions and online.
Read More →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.
Read More →Manheim and DriveTime have partnered to form Go Auto Exchange LLC, a new wholesale auction company geared toward independent dealers.
Read More →DriveTime terminated its definitive agreement with Santander and other third-party investors “due to certain unsatisfied conditions.”
Read More →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.
Read More →Drive Time announced it has selected Inilex to be the supplier of GPS-based vehicle tracking and recovery solutions for its 89 dealership locations.
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