2024 Strategic Profile of Kavak: Customer Experience and Technology Strategy Power Growth in the Used Car Market

DUBLIN, March 11, 2024 /PRNewswire/ — The “Strategic Profiling: Kavak” company profile has been added to  ResearchAndMarkets.com’s offering.

Since its inception, Kavak has invested in a multi-brand inventory, with nearly new and used vehicles in good shape. In addition, the company provides relevant value-added services to its customers, such as financing and extended warranty.

Since the COVID-19 pandemic started, the used car market has boomed, and online transactional companies (OTCs) have gained traction. Among them, Kavak has stood out in Latin America with its owned certified vehicles. Created in 2016 in Mexico, the company became the 1st unicorn from the country. Currently, it has operations in Latin America and the Middle East and is focused on strengthening its brand in key markets.

This profile overviews Kavak’s business model and key strategies, focusing on its product portfolio. It also analyzes main competitors and examines important partnerships and acquisitions the company has made.

As the online transactional market has been facing some obstacles globally, with participants going out of business, this study analyzes key challenges that Kavak should address to maintain its good numbers. In addition, it analyzes the factors driving and restraining growth and identifies the opportunities emerging from this space for Kavak to leverage.

Key Topics Covered:

Strategic Imperatives

Why Is It Increasingly Difficult to Grow?The Strategic Imperative The Impact of the Top 3 Strategic Imperatives on KavakGrowth Opportunities Fuel the Growth Pipeline Engine

Growth Opportunity Analysis

Scope of AnalysisQuestions This Study Will AnswerSegmentationGrowth DriversGrowth Restraints

Market Overview

Used Vehicle Sales in Select CountriesOnline Used Vehicle EcosystemTrendsCompetitors in the Online Used Vehicle Market

Corporate Strategy

Company OverviewKavak’s Global FootprintRoadmap of Service and OfferingsKavak’s Business ModelStrengths, Weaknesses, Opportunities, and ThreatsMajor Highlights in 2022 and 2023 Analysis

Funding and Growth

Global Growth Expansion and Funding History, 2016-2022Financial MetricsKavak’s M&As

Product Portfolio

Kavak as an Online Transactional PlatformTop Brands in Kavak’s Portfolio: LATAMTop Brands in Kavak’s Portfolio: The Middle EastShare of Online Offer of Vehicle by Age on KavakUsed Electrified Vehicle (xEV) Online Offer on Kavak

Value-added Services and Solutions

Value-added ServicesKavak SolutionsFinancing PartnershipsKavak’s Sponsorships and Other Partnerships

Growth Opportunity Universe

Growth Opportunity 1: Wide Selection of Certified VehiclesGrowth Opportunity 2: Strong Value-added ServicesGrowth Opportunity 3: Empowering Customer Satisfaction

For more information about this company profile visit https://www.researchandmarkets.com/r/ogarx9

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