Used Car Dealers Now In Mobility Business Too

NIADA and DriveItAway Expand Partnership Strategic Alliance With HyreCar Offers Mobility as a Service Business Opportunities to Dealers

Arlington, Texas (Aug. 7, 2018) -- DriveItAway, a National Independent Automobile Dealers Association National Member Benefit partner and the first company dedicated to equipping auto dealers with the tools to participate in the explosive growth of mobility as a service and shared mobility services, has entered into a strategic partnership with HyreCar.

Together with NIADA, the companies aim to meet an overwhelming dealer demand to enter the mobility as a service industry throughout the U.S.

"For the past six months, we've been speaking at trade events such as the NIADA Convention about the opportunities dealers have to profitably expand into new areas of shared mobility, particularly in providing temporary used vehicles to new Lyft drivers as a path to ownership," DriveItAway founder and CEO John F. Possumato said. "We were overwhelmed by the number of dealers who wanted in, to start up with us right away.

"Our new integration with HyreCar allows us immediate access to an experienced, dedicated team to scale our program right away, so we can now turn those dealers on to new profit opportunities without any delay in building out infrastructure."

DriveItAway provides NIADA members with the tools to offer a subscription model car sharing platform. The partnership with HyreCar adds seamless turnkey self-service software, all insurance coverages and training to allow dealers to quickly and profitably add a cents-per-mile model to the traditional one car sale/one profit scenario.

NIADA members using DriveItAway's turnkey program can also offer the Lyft Your Down Payment program, which provides new Lyft drivers with immediate temporary vehicles to drive at a daily or weekly rate as a path to ownership, allowing them to raise money for a down payment to buy the vehicle of their choice – offered by the participating dealership.

"We are continuing to build partnerships with automotive industry leaders to drive our mission of building roads to financial freedom," HyreCar CEO Joe Furnari said. "We are excited to become the mobility solution for independent dealers who want to tap into the growing car sharing industry through the DriveItAway NIADA National Member Benefit program."

NIADA senior vice president of member services Scott Lilja said working with DriveItAway's dealer program, now greatly expanded through its relationship with HyreCar, gives NIADA members the opportunity to create an immediate new profit center, expand their portfolio of qualified buyers and sell more vehicles.

"This partnership expansion continues our commitment to helping our member auto dealers better understand, and to provide critical resources to implement, a successful mobility as a service business," he said. "DriveItAway and HyreCar tools and resources provide our members with an invaluable and profitable experience in this expanding business sector, all within their current dealership infrastructure and without having to make substantial investments."

About DriveItAway

DriveItAway is the leading dealer-focused enabler for franchise and independent dealers to enter the business of mobility as a service. Its turnkey, comprehensive, solutions-driven program provides the mobile software platform, insurance coverages and training to get your dealership up and running in this rapidly expanding new area of the transportation business.

DriveItAway is also the creator of the Lyft Your Down Payment and Drive For Your Down Payment™ programs, through which dealers can implement a profitable rental program for ride sharing drivers who want to raise money to buy a vehicle, which in turn leads to more vehicle sales and more fixed operations revenue.

Media contact for DriveItAway: press@DriveItAway.com.

About HyreCar

HyreCar actively operates in 34 states plus Washington D.C. The car sharing marketplace for ridesharing was created to leverage technology and establish a presence in automotive asset sharing. Drivers and vehicle owners alike can use the platform to create an opportunity for themselves where one did not previously exist. By providing a safe, secure and reliable marketplace, HyreCar helps both parties come together – one driver, one vehicle, one road at a time.

About NIADA

The National Independent Automobile Dealers Association (NIADA) is among the nation's largest trade associations, representing the used motor vehicle industry comprised of more than 38,000 licensed used car dealers. Since 1946, NIADA has represented the voice and interests of used car dealers at the federal level in Washington D.C. Coupled with its state association network across the country, NIADA's grass-roots framework provides a dual layer of advocacy unmatched in the used motor vehicle industry.

For more than 70 years, NIADA has engineered programs and leveraged technology to fulfill its mission to advance, educate and promote the independent used car dealer. NIADA members subscribe to a strict Code of Ethics of duty, honor and integrity, and believe in the advancement of small business in support of the free-market system. More information about NIADA programs and educational opportunities is available at www.niada.com and www.niada.tv.