We consider a bistatic vehicular integrated sensing and communications (ISAC) system that employs the recently proposed orthogonal chirp division multiplexing (OCDM) multicarrier waveform. As a stand-alone communications waveform, OCDM has been shown to be robust against the interference in time-frequency selective channels. In a bistatic ISAC, we exploit this property to develop efficient receive processing algorithms that achieve high target resolution as well as high communications rate. We derive statistical bounds for our proposed Sequential symbol decoding and radar parameter estimation (SUNDAE) algorithm and compare its competitive performance with other multicarrier waveforms through numerical experiments.