Drivably Appoints John Hairabedian, President and CEO of HGreg, as its Chairman of the Board

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Hairabedian to help guide Drivably's continued growth and market expansion, and technological advancements to help businesses buy the right vehicles at the right price.

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Like HGreg, Drivably is moving our industry forward which is the primary reason I wanted to serve as Chairman of the Board.

Drivably, an advanced AI company that helps dealers acquire private party inventory from the right markets at the right price, today announced it has appointed automotive industry disruptor, John Hairabedian, as its Chairman of the Board. Hairabedian is the president and CEO of HGreg with dealerships spanning North America.

In addition to his leadership role at HGreg, Hairabedian now serves as Drivably's Chairman of the Board to help guide the company's continued growth and market expansion, as well as technological advancements to help businesses buy the right vehicles at the right price, with precision, for their markets.

"John is a true disruptor, an innovator beyond his time, and a results-oriented leader with a proven track record,” said Tyler Hall, co-founder and CEO of Drivably. “I’m proud to appoint him as Drivably’s Chairman of the Board. John believes in the power of technology to streamline the car buying process and the importance of giving consumers the car buying experience they want and deserve. His vision for the future success of our industry is precisely the reason we wanted his guidance for the future success of Drivably."

An industry leader in Canada and the U.S., HGreg is comprised of more than 1,500 passionate associates committed to redefining the car buying experience. Under Hairabedian’s leadership, the company has grown from $200 million to over $2 billion in sales. In addition to being named winner of the Consumers’ Choice Award for 15 consecutive years, HGreg recently made the prestigious annual Growth List of Canada’s Fastest-Growing Companies by Canadian Business and Maclean’s due in part to its impressive five-year revenue growth of 701%.

"Like HGreg, Drivably is moving our industry forward which is the primary reason I wanted to serve as Chairman of the Board," said Hairabedian. "What I appreciate most about Drivably is the fact that it benefits businesses and car buyers alike. This isn't an either/or situation. Businesses win by improving their operations when they buy the right inventory for their markets, at the right price. Car buyers win by getting the vehicles they really want and need in their local market. Drivably's future is wide open and I'm proud to be part of its growth and success."

Drivably uses predictive analytics to bridge the gap that has long existed between car dealers and the private party marketplace, in which over 40 million vehicles exchange hands each year. The company enables its dealer partners to buy consumer vehicles at scale, while providing extensive market data to help them understand which cars are the best for their business.

Drivably identifies private party sellers, engages with them, puts the right offer on vehicles, and coordinates dealership appointments. Sellers are funneled directly and exclusively to a participating Drivably dealership within a specific market and a 15-minute walkaround inspection is conducted. The dealership cuts the consumer a check on the spot.

Drivably also integrates comprehensive analytics from all major industry data partners, combined with historical transaction data, to help businesses identify the cars they should buy, at what prices, and from which markets to streamline their operations and increase profitability.

About Drivably

Drivably is a breakthrough private party vehicle acquisition company that uses AI and advanced analytics to connect dealers directly to consumers who are interested in selling their vehicles. Drivably also integrates deep market knowledge from all major automotive industry data providers to help dealers identify exactly which cars they should buy, at what prices, and from which markets. Visit http://www.drivably.com for more information.

About HGreg.com

HGreg is a network of pre-owned and new car dealerships throughout Canada and the U.S. With more than 25 years of continuous service to consumers and more than 1,500 associates, the company is determined to offer a new world of customer convenience and care, both in-store and online. Learn more by visiting HGreg.com or follow them on Instagram, Twitter and Facebook at @HGregAuto.

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Jennifer Lange
Drivably
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