DriveItAway CEO provides year-end message to shareholders

DriveItAway (DWAY) Chief Executive Officer, John F. Possumato provides the following year end message to shareholders. “As we all mark the end of 2024, I want to once again share my enthusiasm about what has been accomplished by your Company in meeting the uphill challenges and headwinds of 2024, and my optimism in setting the foundation for future growth, in a sector of the industry that is expanding throughout the world, as the acquisition of new and used vehicles are now becoming more and more unaffordable for the majority of consumers, through traditional purchase or lease channels… The year 2024 marked a dramatic shift in the automotive retail market, back to more “normal” conditions. Car dealers once again found themselves with an oversupply of vehicles, just as interest rates moved up to the highest level in decades, driving “floor plan” carrying costs much higher… During this time, your Company has continued to lay the foundation for rapid future growth… While 2024 again 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.”