PHOENIX – DriveTime, a used-car sales and finance company serving people with credit problems, has opened its 100th nationwide dealership near Charlotte, N.C.
In 2002, DriveTime embarked on a major change in its business model and re-branding strategy. DriveTime has grown from two dealerships in one state in 1992 to 100 dealerships across nine states. The company now employs nearly 3,000 people nationwide. In addition, DriveTime was recently named the No. 1 ranked independent dealer and eighth-largest used auto dealer in the country.
In the coming year DriveTime has plans to hire more than 400 employees nationwide and move into new markets, including Greensboro, N.C., and Denver. Including the Concord location, DriveTime now has four dealerships in the Charlotte market.