DriveItAway experiences 36% fleet increase, targeting consumers with subprime credit

From GlobeNewswire: 2024-08-08 08:33:00

DriveItAway saw a 36% increase in its vehicle fleet from June to July, with new and used car sales showing a lackluster increase. As the average monthly payment for a new vehicle rises to $756 and vehicle repossessions surge over 23%, DriveItAway focuses on providing transportation for those struggling to afford a vehicle. CEO John F. Possumato believes the company is in the early stages of sustainable growth, offering a unique ‘micro-lease to purchase technology’ to help consumers get behind the wheel without a down payment or credit score requirements. With a target market of over 50 million consumers with subprime credit, DriveItAway’s services cater to a vast market.



Read more at GlobeNewswire: DriveItAway Holdings, Inc. Fleet Owned or Under Management