SellAnyCar.com has recently announced their $122 million regional expansion plan with the launch of Carnab.com.
Based in Dubai and founded in 2013, SellAnyCar.com has 81 branches across 29 cities throughout the UAE and KSA. The online car buying and selling service has been wildly successful, posing a considerable threat to traditional retailers in the same industry.
A trailblazer in the automobile sector, founder Saygin Yalcin expanded the company to Saudi Arabia last year by launching Kayishha and was able to achieve $50m in sales run rate.
On his recent expansion plan, Yalcin said: “We’re going to invest $122m into the region for expanding into the consumer sector even more. This was the missing piece of the puzzle where we said we can buy cars, and we can sell cars to dealers, but now we are actually selling cars to consumers giving exactly these wholesale prices, which dealers were buying for, we’re giving this now to consumers.”