PHILADELPHIA, Nov. 07, 2023 (GLOBE NEWSWIRE) -- John F. Possumato, Founder and CEO of DriveItAway Holdings, Inc. (“DriveItAway”), (OTC Marketplace: DWAY), will be speaking at the annual Used Car Week Conference, the comprehensive automotive focused week long annual event presented by Cherokee Media Group, publisher of Auto Remarketing, Auto Remarketing Canada, Subprime Auto Finance News/BPPH Report and Auto Fin Journal. The event being held in Scottsdale, Arizona, November 6-9, combines six different session tracks, and unites all corners of the used car industry from remarketing to dealer-consignor relations and auto finance for days of discussion on current trends, forecasting for the future and prepping for the road ahead for all those in the automotive industry.
The six in depth session tracks of Used Car Week include:
- Pre-Owned Track
- Auto Finance Track
- Repo Track
- Canadian Conference Track
- The National Remarketing Conference Track
- National Auto Venture & Investors Conference Track
Mr. Possumato will lead a panel on November 7, at 1:45pm at the Westin Kierland Resort on “EVs, Finance Subprime & New Profit Opportunities,” joined by Wayne Henhoeffer, General Manager of Legacy Auto Credit, and John Moody, Sales Director, Solera Auto Finance. The panel will specifically address:
- The “unaffordability” of new vehicles and the slowdown of EV sales, and discuss eCommerce and finance techniques, such as micro leasing, that can enable subprime customers to acquire new and used vehicles, including EVs, increasing profits for dealers without additional risks
- The ways automotive retailers and remarketers can best leverage their infrastructure and expertise to enter and dominate new emerging EV business areas in their markets
- How car dealers can formulate and utilize a plan to capture the sale and resale of the life of an EV vehicle, leveraging all federal and state new and used tax incentives, to transform EVs from inventory on the lot into profitable revenues and fixed operation income
John F. Possumato proposed this panel presentation and was chosen to speak because of his many years in automotive retail and emerging automotive sales technologies. Mr. Possumato is a noted consultant, attorney, author and speaker in the automotive industry, and is the Founder and CEO of DriveItAway Holdings Inc., which provides a turn-key cloud platform/consumer app enabling car dealers to offer new mobility solutions, including subscription-to-purchase options, focused on enabling EV consumer adoption. A franchise dealer owner veteran, Mr. Possumato is past Counsel to the Automotive Fleet & Leasing Association, and a past Director of the International Automotive Remarketers Alliance.
“Used Car Week is the ‘must attend’ event of the fall for those in the automotive industry, both for the ‘tsunami of information’ and for networking with the hundreds and hundreds of industry notables that pack the halls,” notes Mr. Possumato. “This conference was created to create the maximum information exchange, promote interaction among attendees and speakers, and provide access to industry experts on issues crucial to the fast changing automotive retail landscape.”
About DriveItAway Holdings. Inc.
DriveItAway Holdings, Inc. is the first national dealer-focused mobility platform that enables car dealers to sell more vehicles in a seamless way through eCommerce, with its exclusive “Pay as You Go” app-based subscription. DriveItAway provides a comprehensive turn-key, solutions-driven program with proprietary mobile technology and driver app, insurance coverages, and training to get dealerships up and running quickly and profitably in emerging online sales opportunities. The company is now introducing its ‘subscription to ownership’ micro lease platform to enable all consumers to drive and acquire new electric vehicles with its “EVs for Everyone” initiative.
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Media Contact:
John F. Possumato
DriveItAway Holdings, Inc.
john@driveitaway.com
