The average price of a used car in Canada has jumped nearly 50 per cent as brick-and-mortar dealerships struggle to maintain inventories due to the global chip shortage. This has opened it up for a new direct-to-consumer class of dealerships to stake their claim–online car dealerships. This week Canada Drives increased its lead as Canada’s […]
Canada Drives
Canada Drives Launches New Feature to Buy Canadians’ Vehicles
Vancouver’s Canada Drives has launched a new “Sell My Car” feature. The platform provides a quote within minutes, customers can sell directly to Canada Drives or trade in their vehicle and have it picked up from their front door. Historically, Canadians would be limited online to receiving a price range for trading in their vehicle […]
Osler Venture Capital Report Shows Strong Ecosystem in Canada as Vancouver Thrives
This week National law firm Osler released its inaugural tech financings report, which combs through more than 300 technology-based venture capital equity financings from 2019 through 2021 to deliver a range of information and insight into Canada’s ecosystem. According to Osler’s Deal Points Report, Canada’s ecosystem “continues to create jobs, innovation and economic growth across […]
Technology Has Changed The Way We Shop, And The Automotive Market Needs To Keep Up
We live in an age of disruptions, and sometimes those unforeseen interruptions to our regularly scheduled program converge in curious ways. The biggest disruption in recent memory is, of course, the COVID-19 pandemic. It has been a major public health crisis the world over, and its impact has been felt in just about every area […]
Canada Drives Announces Darcy Reno as Chief Technology Officer
Vancouver’s Canada Drives has added Darcy Reno to its c-suite as Chief Technology Officer. Founded in 2010, Canada Drives has been the largest online automotive finance company in the country, helping over 1 million Canadians finance and purchase cars in the past decade. As Canada Drives continues to expand its car buying and selling platform, Reno […]
18 B.C. Tech Companies Named Deloitte Technology Fast 50 Winners
Deloitte Canada has announced this year’s winners of the Technology Fast 50, Companies-to-Watch, and Enterprise Fast 15 awards, recognizing the world-class achievements of the best in tech companies across Canada for the 24th year. 2021 saw its own unique challenges that shaped today’s tech companies. The list unveiled today highlights those who have shown true […]
Canada Drives Raises $100 Million to Take Online Car Purchasing Across Canada
Vancouver’s Canada Drives has closed a $100 million funding round led by Jeffrey Housenbold’s Honor Ventures with participation from KAR Global and other strategic investors. Founded in 2010, Canada Drives has been the largest online automotive finance company in the country, helping over 1 million Canadians finance and purchase cars in the past decade. In […]
Canada Drives Adds Sukhinder Singh Cassidy To Board of Directors
In Canada, B.C.-based Canada Drives leads the charge towards auto e-commerce as the largest 100% online car shopping and to-your-door delivery platform. After its recent national launch with expansion into Ontario, Canada Drives announced today that Sukhinder Singh Cassidy has been appointed to their Board as Lead Independent Director. Most recently the President of StubHub […]
Vancouver’s Canada Drives Launches Online Vehicle Purchasing And Delivery Nationally
Since being the first to launch online vehicle sales in B.C. in October, Canada Drives has generated over $3.5 million in revenue and currently owns more than 1,000 vehicles across the country. Now the Vancouver company making their online vehicle purchasing and delivery platform available nationally. Canada Drives’ customers in Ontario and B.C. can now find […]
Canada Drives Brings Online Vehicle Purchasing And Delivery To B.C.
Have you heard of Carvana, CarGurus, and CarMax? You’ve likely seen one of their commercials showing how easy it is to buy a vehicle online in the United States. Now Vancouver’s Canada Drives is the first to bring online vehicle purchasing and delivery to British Columbia. Canada Drives’ customers can now find and choose their […]