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DriveTime is a private company headquartered in Tempe, Arizona. [3] The company's business model is focused on selling previously owned vehicles to car-buyers. [4] It uses a proprietary credit scoring model to finance car purchases at its dealerships in-house, [5] [6] including subprime lending.
As of 2016, Mecum auctions 15,000 vehicles annually, ranging from muscle cars to pre-World War I vehicles, with annual sales of $300 million. [29] [30] The company specializes in muscle cars from the 1950s to 1970s. [31] By 2017, the company had added separate auction events dealing solely with motorcycles and farmer tractors respectively.
If you've shopped for a used car in the past three or so years, you probably know it's been a hot market. The COVID-19 pandemic caused disruptions to the new car market, which sent buyers searching...
AutoNation continued growing by acquiring other companies in the car rental business such as National Car Rental, Spirit Rent-A-Car, Value Rent-A-Car, Snappy Car Rental and more. [ 9 ] In 2011, AutoNation was the first auto retailer in the United States to sell a total of 8 million vehicles.
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