CEO & Director
Jon D. Ehlinger
Executive VP, General Counsel & Secretary
Paul I. Kaplan
Chief Information Officer, Chief Risk Officer & Senior VP
Drivetime was founded in the year 1977. The company has been operational for almost 42 years now. The founder of the company was Thomas S Duck Sr. The former name of the company was Ugly Duckling, which was a car renting company. By the year 1985, the company and the business was a significant success, and therefore, the company was among the top five rental car companies during that time as well. The company had almost 600 franchises during that time. But, in the year 1989, the company had filed for bankruptcy. In the year 1990, Duck Ventures had bought over the assets of Ugly Duckling, and therefore created Ugly Duckling Holding and made Duck Ventures a subsidiary of the same as well. The company had two car dealers, as of the year 1992.
Then in the year 1994, the company had taken over Champion Financial Services. The company had helped its customers for filing tax returns as well as obtaining Visa Credit Cards as well. In the year 1996, the company had become a limited public company. The same year, the company was planning to exit the car rental business, and almost 100 franchises were closed in the same year as well, with 40 franchises to be closed within the next ten years. During the year 1997, the company had started making profits, and therefore, the company's employee count had doubled over nine months during that time as well. By the year 1999, the company was out of the financing business too. As of the year 2001, the sales of the company had clocked to more than $541.7 million. Then in the year 2002, the company was renamed to Drive Time. In the year 2004, the company reported expanding from just having the presence in 75 locations to almost 100 sites. By the end of the year 2006, the company had its presence in nearly 90 locations in nearly nine states across the USA. In the year 2013, the company had introduced Carvana, which an e-commerce based website for selling used cars. The following year, the company was charged with an $8 million civil penalty, for its debt collection practices. As of the year 2018, the total number of car dealerships owned by the company in the USA had crossed 145. In the year 2017, the company had started offering its customers with newer model vehicles having low mileage. The headquarters of the company is based in 4020 East Indian School Road. The name of the place is Phoenix, while the name of the state is Arizona, USA. The pin code of the area is 85018.
Drive Time is an American company that focuses on helping people with credit issues and also aid its customers in purchasing a vehicle of their choice as well. The current owner and chairman of the company are Ernest Garcia II. As of the year 2019, the company has its presence in over 139 locations, all over the USA. The number of employees working at the company, as of the year 2018, is more than 3,800. As of the year 2016, the total revenue generated by the company is more than $3.34 million.
The primary services provided by the company include allowing customers to have a retail presence in order to obtain various kinds of financing services as well as purchase numerous types of used cars as well. The company is well known for providing a credit line to those people who have no money to buy cars. The company purchases almost 150,000 vehicles at auctions, on an average, repairs them and then sells them as used cars.
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