Driving change: Innovative auto tech firm transforms the UAE used-car market

Driving change: Innovative auto tech firm transforms the UAE used-car market

Latin American Auto-Tech company, Kavak entered the UAE market in 2022 and have unified technology and data to uniquely transform the UAE’s used car retail space. Following their entry, the brand has been on the path to growth, with an integrated ecommerce and physical retail experience, along with data-driven operations, making it one of the first of its kind car retail experiences in the region. As of October 2023, Kavak has shown robust growth with healthy unit economics, by doubling their volume in the GCC and reducing the burn per car by 4x. With a state-of-the-art reconditioning hub, a diverse local team, and integrated ecommerce capabilities, the brand seeks to disrupt the region’s used car market. Kavak sets itself apart from other used car operators in the UAE by providing a one-stop-shop solution that oversees all aspects of the buying or selling process from sale to financing. Established under the leadership of General Manager Nicolás Ariza, their Hub, located in Dubai Festival Plaza, serves as a facility for reconditioning, taking customers through each step of the purchasing process, after sales services as well covering a range of financing options for diverse customer needs. The highly-efficient Hub holds a capacity to