DriveTime

Highly Engaged Employees

DriveTime, established in 2002 and headquartered in Tempe, Arizona, is a prominent American used car retailer. The company operates an extensive network of 137 dealerships across 26 states, offering a wide selection of used vehicles. A key differentiator is its integrated in-house financing model, designed to provide flexible payment options and facilitate vehicle ownership for a broad customer base. This approach streamlines the entire purchasing process, from vehicle selection to financing approval, making automotive acquisition more accessible. DriveTime's product offerings encompass a diverse range of used cars and related automotive services, catering to varied consumer needs within the retail sector.

With a significant operational scale, DriveTime employs between 1,000 and 5,000 individuals across its 147 locations nationwide. This extensive network allows for efficient service delivery and market penetration, supporting its strategic growth objectives. The company's operational strength is underpinned by its dedicated workforce, contributing to its ability to manage a large volume of sales and financing transactions effectively. Understanding the human capital behind its operations is crucial to appreciating its market position. For more information on the individuals driving the company's strategy, one can Meet DriveTime's team.

Financially, DriveTime reported a substantial revenue of $907.8 million, underscoring its significant market presence and sales volume. The company has also secured funding, including a $400 million debt round in 2019, to support its growth and operational expansion. Its competitive landscape includes major players in automotive retail and financing, such as America's Car-Mart, Exeter Finance, Sonic Automotive, and GM Financial. DriveTime's strategic focus on in-houseView more...