Canadian Online Car Retailers 2023: What you need to know

Mar 30, 2023 | Car News, MintlistBlog

While other competitors in the online automotive retail space are struggling, MintList is committed to being the premium online marketplace for consumers to sell and trade-in their existing vehicles. MintList helps people save thousands on new vehicle purchases when trading-in, and helps sellers receive the highest offer for their car!

In 2023, the used car market is expected to become more advanced and sophisticated than ever before. As technology continues to improve, the services and choices available to consumers have expanded significantly. Selling your car has become an increasingly time-consuming process due to the number of options available, including selling on online marketplaces, listing sites, and traditional dealerships. MintList’s mission is to make the transaction of selling or trading-in your used vehicle as seamless as possible. Unfortunately, some large players in the online car retail space that came to life in recent years have run into problems as a result of the massive debt their business models demand.

Firstly, Canada Drives, the largest online car dealership in Canada, filed for creditor protection. This news comes at the same time that US-based online car retailer Carvana announced that it is trying to gain support from its creditors to restructure its $9 billion debt load. Both companies have cited losses on inventory and rising interest costs as contributors to their current financial positions.

How is MintList different from online car dealers like Canada Drives, Clutch or Autozen? MintList is relentlessly focused on the consumer experience while providing dealers the perfect opportunity to help them do what they do best. Win/win/win, for consumers, car dealers and our stakeholders alike.

How does MintList work?

  • Watch 100+ dealers compete for your car in an auction. Secure the highest price, no obligation, and 100% free. Our customers can get up to $4,000 more* than a single dealer offer. When you trade your car on MintList, you can also pay up to 26% less in tax! Read our take on how trade-ins help you save thousands in tax dollars here.
  • Want to buy a new car? Choose from 5000+ vehicles hand picked from our vetted dealership partners. 

Recent developments in the automotive industry have highlighted the importance of adapting to change and focusing on the consumer experience. Although MintList is competing against large contenders, we still consider ourselves a small fish in a big ocean. We believe that providing a unique and valuable service to both dealers AND consumers sets us apart in the market. 

Want to learn more? Click here to learn more about how to sell your car online.

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