October 18, 2017 1:48 AM ET

Specialty Retail

Company Overview of DriveTime Automotive Group, Inc.

Company Overview

DriveTime Automotive Group, Inc., through its subsidiaries, owns and operates used automobile dealerships for the subprime credit market in the United States. It provides selling, financing, and maintenance services of used vehicles. The company acquires its inventory from used vehicle auctions, as well as through other sources, including on-line purchases, daily rental agencies, and commercial fleets. As of December 31, 2013, DriveTime Automotive Group, Inc. owned and operated 110 dealerships and 20 reconditioning facilities located in 50 geographic regions in 20 states. The company, formerly known as Ugly Duckling Corporation, was founded in 1992 and is headquartered in Phoenix, Arizona.

4020 East Indian School Road

Phoenix, AZ 85018

United States

Founded in 1992

3,165 Employees

Phone:

602-852-6600

Key Executives for DriveTime Automotive Group, Inc.

Chief Executive Officer, President and Director
Age: 59
Chief Financial Officer, Principal Accounting Officer, Executive Vice President and Treasurer
Age: 56
Chief Information Officer, Chief Risk Officer and Senior Vice President
Age: 46
Executive Vice President, General Counsel and Secretary
Age: 59
Compensation as of Fiscal Year 2017.

DriveTime Automotive Group, Inc. Key Developments

DriveTime Automotive Group, Inc. Presents at Deutsche Bank 24th Annual Leveraged Finance Conference, Sep-28-2016 03:40 PM

DriveTime Automotive Group, Inc. Presents at Deutsche Bank 24th Annual Leveraged Finance Conference, Sep-28-2016 03:40 PM. Venue: The Phoenician, 6000 East Camelback Road, Scottsdale, AZ 85251, Arizona, United States.

DriveTime Announces Launch of Bridgecrest Acceptance Company

DriveTime announced the official launch of Bridgecrest Acceptance Company. The new company will be a licensed third-party servicer, servicing loans for DriveTime and other affiliated finance companies. In addition to managing DriveTime's existing lending portfolio, Bridgecrest Acceptance Company will also be fully compliant with FDCPA and able to service loans for DriveTime-affiliated finance companies. All retroactive and new loans that were previously serviced by DriveTime Acceptance Corporation will now be serviced by Bridgecrest Acceptance Company. While this transition will virtually be seamless for the over 220,000 customers currently being serviced by DriveTime, the formation of Bridgecrest allows the ability to be hyper focused on providing a world-class customer service experience to DriveTime's customers throughout their entire loan term. All credit scoring, risk decision analytics, and verifications will remain the responsibility of DriveTime. Brbidgecrest expects to hire a minimum of 20 people each month in both Mesa, Arizona and Dallas, Texas through the end of the year to fulfill their growing loan servicing needs.

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