DriveItAway CEO provides year-end message to shareholders

The company issued a letter to shareholders from CEO John Possumato. “As we all mark the end of 2023, I want to share my enthusiasm about what has been accomplished by your Company in meeting the challenges and headwinds of 2023, and my optimism that, in setting the foundation for future growth, we have defined the strategy and path to leverage the tailwinds for us in the automotive industry that we see forward into 2024. Our Company software platform and app is dedicated to enabling millions of people in the United States who do not have access to personal transportation or have inadequate personal transportation, the ability to immediately drive and then buy the vehicle of his/her choice. Through our technology that “de-risks” the transaction of subprime and deep subprime credit, we do this in a way that creates new customers for car dealers and allows everyone access to quality vehicles, and now access to EV/PHEV vehicles, for the growth in a sustainable future… FIRST, we have developed our SaaS platform further, to provide the highest most efficient, and equitable level of service to our dealer customers, partners, and end-user drivers… SECOND, the pendulum is rapidly swinging back in the auto industry to conditions much more favorable for your Company. It has become apparent to all now that new and used vehicle inventory is building rapidly, and the industry is back to “normal” with increasingly more vehicle supply than demand… THIRD, DriveItAway has developed relationships in the last year with many partner organizations, that will allow it to scale in 2024 and many years to come, by helping to solve very real problems in the United States and Canada today. While 2023 presented many challenges, we are leaving the year much stronger, having gone further in creating the foundation upon which to scale rapidly, as the macro-economic tailwinds in the United States move in our direction. With a clear strategy, and with the continued support of our shareholders, we are poised for a journey of remarkable growth and achievement in the coming years. We look forward to sharing this journey with you and to achieving new heights together”