Initial program will make affordable off-fleet vehicles available directly to subprime and buy-here, pay-here dealers, including consignment inventory, while giving qualified consumers access to DriveItAway’s app-based pathway-to-ownership platform
CHERRY HILL, N.J., and NEW YORK, NY, Sept. 03, 2026 (GLOBE NEWSWIRE) — DriveItAway Holdings, Inc. (OTCID: DWAY) (“DriveItAway”), an automotive mobility platform providing flexible vehicle leases designed to create a pathway to ownership, and Voyager Global Mobility (“Voyager”), a leading service provider to the smart-mobility industry, today announced a strategic alliance to create a new distribution channel for Voyager’s off-fleet vehicles.
The program will make selected off-fleet vehicles available directly to participating subprime and buy-here, pay-here dealers. Certain vehicles may also be offered to dealers on consignment. In addition, Voyager plans to make selected vehicles available to qualified consumers through DriveItAway’s app-based flexible lease-to-own platform.
The goal of the program is to expand the supply of affordable personal transportation while reducing intermediary costs associated with traditional wholesale remarketing. Auction, wholesale, and transportation expenses can represent a disproportionately large portion of the ultimate retail price of an entry-level vehicle compared with a higher-priced, late-model vehicle. By connecting Voyager’s off-fleet inventory more directly with dealers and consumers, the companies intend to reduce those points of friction wherever possible.
For consumers who may have sufficient income to support a vehicle but lack the credit profile or upfront cash typically required for traditional financing, Voyager also intends to offer selected vehicles through the DriveItAway platform to offer flexible lease/rent to own vehicles, to allow access to ownership to those otherwise “shut out” of the conventional process.
“There is clearly a crisis in the availability of entry-level, affordable vehicles,” said John F. Possumato, Founder and Chief Executive Officer of DriveItAway, “For vehicles at the lowest end of the market, auction, transportation and wholesaler fees can materially increase the ultimate retail price. By creating a more direct path from fleet to dealer, and, through the DriveItAway platform, from fleet to consumer, we believe Voyager can lower unnecessary costs and expand access to reliable personal transportation.”
Under the newly launched program, Voyager will remarket selected off-fleet units through several channels intended to reduce friction and lower costs for dealers and end users:
- Offer vehicles directly to participating retailers seeking higher-mileage used inventory expected to retail primarily in the $10,000–$20,000 price range, bypassing certain wholesale intermediaries and auction-related costs.
- Provide selected dealers with the opportunity to carry Voyager-owned vehicles on consignment, subject to applicable program terms.
- Enable participating dealers to sell qualifying vehicles through traditional retail channels or make them available through Voyager’s DriveItAway-powered flexible lease-to-own program for consumers who may lack the credit profile or down payment required for conventional vehicle financing.
“Recent Edmunds data underscores how dramatically the affordable used-vehicle market has changed,” said Menachem Light, Chief Executive Officer of Voyager Global Mobility. “Vehicles priced below $20,000 represented 55.2% of used-vehicle sales in the second quarter of 2019 but only 31.8% in the second quarter of 2026. In the $10,000–$15,000 price range, the average vehicle is now four years older and has nearly 40,000 more miles than a vehicle purchased within the same budget seven years ago.”
“Voyager has hundreds of off-fleet vehicles becoming available each month,” Light continued. “By channeling suitable vehicles directly to participating dealers—and, in certain cases, providing them on consignment—we believe we can reduce intermediary costs, improve vehicle utilization and help dealers secure the kind of affordable inventory that has become increasingly difficult to find.”
“We are excited to launch this program because it is designed to put affordable, higher-mileage vehicles into the hands of the people who need them most,” Light added. “Combining Voyager’s fleet and remarketing capabilities with DriveItAway’s technology and flexible pathway-to-ownership model creates a new channel intended to benefit dealers, consumers and both companies.”
About DriveItAway Holdings, Inc.
DriveItAway Holdings, Inc. (OTC: DWAY) is the first national dealer-focused mobility platform enabling franchise dealers to sell more vehicles through seamless eCommerce with an exclusive lease-to-own, app-based subscription. DriveItAway provides a turnkey program—proprietary mobile technology and driver app, insurance coverages, training, and dealer enablement—to launch quickly and profitably in emerging online sales opportunities, expanding sales and market share.
For additional information, visit www.driveitaway.com.
Media and Investor Contact
John F. Possumato
Founder and Chief Executive Officer
DriveItAway Holdings, Inc.
(856) 577-2763
[email protected]
About Voyager Global Mobility
Voyager Global Mobility (VGM) is the mobility industry leader in data centric managed rideshare vehicles. Through its portfolio of operating companies, VGM provides mobility solutions for individual rideshare drivers, on-demand fleets and the transition to autonomous vehicles. Headquartered in NYC—managing the largest fleet of NYC TLC subscription vehicles—VGM services partners in dozens of municipalities around the United States. With proprietary technology and industry expertise, VGM extends vehicle life, maximizes fleet utilization, and expands access to professionally managed vehicles.
For information on the new “direct to dealer” vehicle access program, contact:
Jeremy Moskovitz
Executive Vice President
Voyager Global Mobility
[email protected]
For additional information, visit www.voyagergm.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond our control, and may cause actual results to differ significantly from those expressed in any forward-looking statement. All forward-looking statements reflect our good faith beliefs, assumptions, and expectations, but they are not guarantees of future performance. We caution investors not to unduly rely on any forward-looking statements. The forward-looking statements speak only as of the date of this press release.
CONTACT: John F. Possumato DriveItAway Holdings, Inc. [email protected]
