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DriveTime sales up 12% YoY amid climbing subprime credit access

Credit availability rose in October

More subprime consumers took out loans on used vehicles in October, while new-vehicle prices climbed to record highs. Tempe, Ariz.-based used-vehicle retailer DriveTime’s sales rose 12% year over year in the third quarter, and the retailer anticipates selling 140,000 cars for the year, Chief Executive Mary Leigh Phillips told Auto Finance News. DriveTime’s decadeslong history […]

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