News & Events

The introduction of new-vehicle subscriptions faded out as a nonstarter on the fringe. Will electric vehicles provide the volume use case?

DriveItAway is continuing to forge partnerships to help dealerships turn vehicles while giving consumers the opportunity to secure transportation and rebuild their credit.

DriveItAway has a new institutional investor.

When an esteemed Wharton finance professor and the country’s largest private vehicle wholesaler independently warn of the same future, its probably worth taking notice

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.

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.

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.”

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.

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.

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?