News & Events
Want to keep up with DriveItAway?
You’ve come to the right place! Here, you’ll find information on what we’re up to and where our team is headed soon. We look forward to chatting with other automotive enthusiasts while we’re on the road. Find out where we’ll be next below!
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EV Acceptance Could Signal ‘Vehicle Subscriptions 2.0’
The introduction of new-vehicle subscriptions faded out as a nonstarter on the fringe. Will electric vehicles provide the volume use case?Read more »
DriveItAway Partners with Another Fintch Firm to Help Consumers Rebuild Credit
DriveItAway is continuing to forge partnerships to help dealerships turn vehicles while giving consumers the opportunity to secure transportation and rebuild their credit.Read more »
DriveItAway Gains Knightsgate Ventures as Institutional Investor
DriveItAway has a new institutional investor.Read more »
20% Inflation Happened Before, Will It Happen Again?
When an esteemed Wharton finance professor and the country’s largest private vehicle wholesaler independently warn of the same future, its probably worth taking noticeRead more »
Think Twice Before Renting Your Vehicle to ‘Gig’ Drivers
What do Uber eXchange Leasing, Fair.com and Maven all have in common? They thought they could make money renting to “gig” rideshare or delivery drivers, and they are all out of that business, or out of business.Read more »
Planning on Renting Your Vehicles on a P2P Platform for Gig Drivers? Be Aware of the Risks
For gig platforms that self-insure for collision and liability, whatever is paid out in an accident beyond whatever deductible is stated is coming out of the platform owner’s pocket, not an insurance provider.Read more »
Chasing Down the Direct-Sales, EV and Used-Car Pucks
Volvo says it will be an all-electric vehicle company in 2030 and by that time will convert entirely to online sales, essentially relegating dealers to delivery and service centers. Such an announcement puts car dealers on notice as to where OEMs want the “puck to go.”Read more »
Fixed Ops Pick-Up & Delivery – Now a Necessity
The pandemic has accelerated many changes. Some customer-centric services, such as a vehicle “concierge” or pick-up and delivery, went from a convenience to the price of admission for most fixed operations.Read more »
Used-car Retailer CARite Launches Rent-to-Own Plan
The “Pay As You Go” plan is designed to let anyone choose, subscribe to and drive the vehicle of their choice while allowing them to build equity for a no-obligation purchase.Read more »
Car Market Shifting As More Work, Shop From Home
For those dealers not in the premium luxury end of the market, wouldn’t it make sense to investigate the marketing, technologies and new ways of securing business in the subprime, deep subprime and first-time buyer side of the business? art 1 – The new stars of Wall Street in automotive retail – Carvana, Vroom and soon Shift – are gaining both value and market share, despite staggering losses. So what defendable market advantage do they have over traditional car dealers?Read more »