Startup Mexican Used Car Dealer Kayak Advances in Latin America, Targets Brazil

Kavak accelerates international expansion with company purchase in Argentina. Despite being focused on the new Argentine operation, Kavak has its eye on the Brazilian market.

RIO DE JANEIRO, BRAZIL - Mexican startup Kavak, which operates in the used car sales market, makes its first expansion in Latin America with the purchase of Argentine company Checkars. The value of the agreement is US$10 million (R$50 million).

Carlos Garcia Ottati, co-founder and global CEO of Kavak, says that the company has expanded its operation to Argentina because it is the third-largest market for vehicles in Latin America and because the . . .

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