The company declined to comment on whether those will be active markets, with physical operations.
At this stage, Kavak has no active listings in these markets, but is buying cars to build inventory.
Kavak’s launch in these countries seems to follow the company’s strategy of testing a market and then building inventory, while also gaining market share in terms of traffic.
Kavak bought a Turkish company in 2021, marking its expansion outside Latin America.
The AIM Group was the first to report the deal in June 2021. At the time, the company declined to comment.
Months later, in November 2021, Latin American press reported the company’s expansion outside Latin America. The Turkish site is now active with 699 listings.
In Mexico, its first and strongest market, Kavak has about 15,000 listings.