John F. Possumato to Speak on “EVs, Finance, Subprime & New Profit Opportunities” at Used Car Week Conference in Scottsdale

Founder and CEO of DriveItAway Holdings, Inc. to Lead Panel Presenting New Market Expanding Opportunities For Car Dealers, Including Micro Leasing and Vehicle Subscriptions

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