OCAL Financial Inc. (TSXV: OCAL), a virtual automotive dealership and vehicle-finance platform, has appointed Ryan McDonald as Vice President of Sales. McDonald brings over 25 years of experience in the automotive, recreational vehicle, marine, powersports, and industrial distribution sectors. He has previously led organizations with annual revenue of up to $50 million and managed teams of up to 55 people across multiple locations.
Headquartered in Vancouver, OCAL Financial currently operates in British Columbia and Alberta. The company plans to expand its operations into Ontario and additional markets. OCAL Financial operates as a virtual dealership, sourcing vehicles after customer approval through the OPENLANE auction network and partners. It generates revenue from vehicle sales and related finance and protection products, without holding consumer loans or assuming credit-default risk.
Mehdi Moghareh, CEO of OCAL Financial, stated: “Ryan has spent his career building disciplined, accountable sales operations across multi-location automotive and retail businesses, and he understands the finance side of this industry, including the non-prime customer, from the inside.” McDonald's career history includes positions at Applewood Performance Centre, Genesis Vancouver, Boundary Hyundai, Fraserway RV, Galaxy RV, and Go RV & Marine.
