DriveTime Automotive Group to Add 140 Local Jobs and Five Locations Over 12 Months

New Castle, Delaware – November 14, 2014: DriveTime, the nation’s largest used car dealer and financing company helping people with credit issues find and finance vehicles, will open its first Delaware Valley (Philly metro area) location on November 21, 2014 at 2225 N. DuPont Hwy, New Castle, DE. This is the first of four planned dealerships and a regional inspection center which will open in December. The company expects to add approximately 140 jobs over the next 12 months to the local community.

Recognizing a need in the marketplace, DriveTime is bringing their unique approach to used car buying, leasing and financing to New Castle, Delaware. In the Philly metro area, 33% of residents have credit scores below 699, making buying or leasing a car more difficult, and in some cases, impossible.

When people face credit issues, access to necessities as simple as transportation becomes a challenge and so does getting to work. It doesn’t have to be. DriveTime provides used cars and financing to everyone, including those with bad or no credit in a pleasant, respectful and transparent environment.

Twenty percent of people in the United States have credit scores below 620, while 35% have non-mortgage debt in collection. Meanwhile, $27 billion of the $55 billion spent in the automotive finance space comes from the lowest ranges of the market. The median income for a household in New Castle is $52,449, and the median income for a family was $56,368. The per capita income for the city is $24,052.

About DriveTime

DriveTime started out as Ugly Duckling Rent-A-Car in 1977 and went through a series of transformations before becoming DriveTime in 2002. DriveTime Automotive Group, Inc. is the largest used car dealer and financing company helping people with credit issues find and finance vehicles in the USA. Based in Phoenix, Arizona, DriveTime was founded in 2002 and currently operates over 120 dealerships in 21 states, employing more than 3,500 people across the country and serving over 90,000 customers a year.