Contact: Jon Ehlinger
press@drivetime.com
1-602-852-6600

Press Releases

DRIVETIME DRIVES UP SALES IN LONG BEACH

New Dealership Surpasses Sales Goals by 100 Percent

PHOENIX – Jan. 17, 2005 – DriveTime, a Phoenix-based used car sales and finance company, announced today that its recently opened Long Beach dealership has exceeded its sales goals by more than 100 percent.

"We're extremely satisfied with our performance these first few months," said Jerry Martinez, general manager of the dealership located on 33rd Street and Atlantic Avenue. "We always aim to exceed our goals, but I don't think any of us expected to more than double it."

In 2005, the Long Beach dealership is expected to generate more than $8 million in car sales revenue.

Headquartered in Phoenix, DriveTime finances and services people with less than perfect credit in eight states and 12 major metropolitan regions through 80 dealerships. As the nation's largest integrated dealership and finance company, DriveTime is able to provide more flexible and innovative financing options than car dealerships or financial institutions. For more information, visit the company's Web site at drivetime.com, or call (800) 863-7483.