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DriveTime is a private company headquartered in Tempe, Arizona. [3] The company's business model is focused on selling previously owned vehicles to car-buyers. [4] It uses a proprietary credit scoring model to finance car purchases at its dealerships in-house, [5] [6] including subprime lending.
This is a list of both production and concept vehicles of the Lincoln and Continental divisions of Ford Motor Company of the United States and Canada. For other vehicles produced by Ford Motor Company see: List of Ford vehicles, List of Mercury vehicles, Edsel, Frontenac, Merkur, Meteor, Monarch.
The Lincoln Motor Company was founded in August 1917 by Henry Leland and his son Wilfred. Among the founders of Cadillac, Leland had sold Cadillac to General Motors in 1909; staying on as an executive, he left in 1917 over a dispute with GM President William Durant regarding war production.
New cars make up 49% of retail auto sales, with used cars making up the other 51%. [36] Additional revenues come from auto repair at the dealerships, financing, and insurance sales. [37] In 2013 Lithia was named No. 9 on Automotive News' list of the 125 largest U.S. dealership groups, with retail new-vehicle sales of 56,960 units in 2012.
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Ford Credit also owns Lincoln Automotive Financial Services, the arm that finances Lincoln vehicles. Ford earned $2.63 billion EBIT with its Ford Credit segment in 2018, up from $2.31 billion in 2017. 2018 was the segment's highest full-year EBT in eight years. However, this upward trend may not last much longer as car sales continue to decline.
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