DriveTime

DriveTime

Pre-owned car retailer with financing options

About

DriveTime is a pre-owned car retailer that focuses on enhancing the car buying experience through technology and industry knowledge. The company operates across the United States, helping customers find reliable used vehicles while offering services such as purchasing, financing, and vehicle protection. DriveTime uses specialized tools to make the car buying process more efficient and user-friendly, which sets it apart from other retailers in the market. The goal of DriveTime is to improve the lives of its customers, employees, and communities by creating opportunities and expanding its reach into new areas.

Company Stage

N/A

Employees

1,001-5,000

Industries

Automotive & Transportation, Financial Services

Total Funding

N/A

Headquarters

N/A

Founded

2002


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Simplify's Take

What believers are saying

  • DriveTime's unique employee benefits, such as on-site gas pumping, contribute to high employee satisfaction and retention.
  • Recognition through awards like the 2022 Advanced Advertising Award for Best Use of Data can boost DriveTime's reputation and attract top talent.
  • Partnerships with industry leaders like iSpot can lead to continuous improvements in advertising effectiveness and measurement.

What critics are saying

  • Relying heavily on unique perks like on-site gas pumping may not be sustainable long-term if financial conditions change.
  • The competitive landscape in the used car market requires DriveTime to continuously innovate to maintain its edge.

What makes DriveTime unique

  • DriveTime's partnership with GasHero to offer on-site gas pumping is a unique employee perk that sets it apart from other companies.
  • Winning the 2022 Advanced Advertising Award for Best Use of Data highlights DriveTime's innovative approach to leveraging data in advertising.
  • DriveTime's collaboration with iSpot since 2019 has enhanced its capabilities in linear TV measurement, distinguishing it from competitors.

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Growth & Insights
Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

-1%

Benefits

Company matched 401k plan

Tuition reimbursement

Leadership development programs

Regular team building events

Onsite networking events with senior leadership

Medical, dental, & vision coverage

Generous paid time off package

Company-paid life insurance and optional disability plans

Maternity & Paternity Leave

Pet Insurance

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