DriveTime, the nation’s second largest used car retailer focused solely on used vehicles, announced the appointment of a new CEO this week.
Mr. Don Reese will join DriveTime as its new CEO beginning in late March. Mr. Reese will also be appointed to the DriveTime Automotive Group and Bridgecrest Acceptance boards of directors. Mr. Reese replaces DriveTime’s previous CEO, Mr. Ray Fidel.
“We are very excited and pleased to welcome Don to DriveTime,” stated Ernie Garcia, Chairman. “Don’s considerable leadership and operational experience in new and used auto sales, as well as his background as a CFO, make him an ideal candidate to lead DriveTime at this time. We continue to reinvent our dealership and digital customer experiences and offerings, and expect to begin acquiring new car dealerships beginning in 2018. I also view him as a very valuable addition to our boards.”
Mr. Reese has over thirty years of experience in new and used auto sales, leadership and finance having spent:
- 11 years as the COO/CFO for the Maroone Auto Group,
- 6 years as a Senior Vice President in operations and finance, and covering the Midwest Region, for AutoNation,
- 15 years with the Gurley Leep Automotive as COO, and
- Was most recently COO for Sheehy AutoStores
Headquartered in Tempe, Arizona, DriveTime is the nation’s second-largest vehicle retailer focused solely on used vehicles. DriveTime operates over 140 dealerships nationwide with annual sales exceeding 150,000 used vehicles, 1.2 million+ monthly visitors to its website, drivetime.com, and over $2 billion in consumer credit requests each month. DriveTime now provides used vehicles and used vehicle financing to the full range of customers in the market today, including competitively priced, lower mileage used cars.
Transforming the buying and financing of a used vehicle with a fair and transparent experience, DriveTime offerings include used car features on its online inventory; speed of financing including a credit score and the starting down payment in less than two minutes; prices on every used vehicle online and at its dealerships; no-haggle pricing; salaried associates trained to help our customers find the right used vehicle for them; and a five day, no questions asked used vehicle return program.
For more information on DriveTime, please visit drivetime.com.