| Business Summary | | Ugly
Duckling
Corporation
operates
a
chain
of
buy
here-pay
here
car
dealerships
in
the
United
States.
The
Company
sells
and
finances
used
vehicles
exclusively
to
customers
within
the
sub-prime
segment
of
the
used
car
market.
As
of
December
31,
2000,
the
Company
operated
77
dealerships
located
in
11
large
markets.
The
Company's
dealerships
generally
maintain
an
average
inventory
of
50
to
150
used
cars
and
feature
a
wide
selection
of
makes
and
models
(with
ages
generally
ranging
from
four
to
nine
years)
and
a
range
of
sale
prices.
The
Company
acquires
its
inventory
from
new
or
late-model
used
car
dealers,
used
car
wholesalers,
used
car
auctions
and
customer
trade-ins.
Ugly
Duckling
finances
substantially
all
of
the
used
cars
that
it
sells
at
its
dealerships
through
retail-installment
loan
contracts.
Subject
to
the
discretion
of
its
dealership
or
sales
managers,
potential
customers
must
meet
formal
underwriting
guidelines
before
the
Company
will
agree
to
finance
the
purchase
of
a
car. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Ugly
Duckling
operates
a
national
chain
of
Buy
Here-Pay
Here
used
car
dealerships,
and
underwrites,
finances
and
services
retail
installment
contracts
generated
from
the
sale
of
used
cars.
For
the
six
months
ended
6/30/01,
revenues
decreased
3%
to
$288.8
million.
Net
income
before
extraordinary
item
fell
68%
to
$2.8
million.
Revenues
reflect
lower
used
car
sales.
Earnings
also
reflect
an
increase
in
the
provision
for
credit
losses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Ernest Garcia, II, 43 Chairman | -- | Gregory Sullivan, 42 Pres,
CEO, Director | $336K | Steven Darak, 53 CFO,
Sr. VP | 254K | Steven Tesdahl, 41 Sr.
VP, CIO | 247K | Jon Ehlinger, 43 VP,
Gen. Counsel, Sec. | 183K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|