OYCG
Industry:
Consumer Distribution & Retail

DESCRIPTION

Oyocar Group is a startup used car dealer that buys, refurbishes, and resells vehicles sourced from the U.S. for customers in both the U.S. and the Dominican Republic. The company handles the full transaction cycle — sourcing, inspecting, repairing, and reselling vehicles — and manages international logistics including shipping and customs clearance for cars exported to the Dominican Republic. Oyocar was incorporated in Nevada in July 2023 and is a very small operation with two employees, both insiders. The founder and CEO, Jonathan Perez, previously ran a car rental business in the Dominican Republic, which informs his familiarity with that market. Oyocar's core value proposition on the international side is arbitrage between U.S. used car prices and Dominican Republic retail prices, combined with the logistics expertise to manage cross-border shipping. The business model is straightforward: buy used vehicles, refurbish them, and resell at a markup. Gross margins are thin, and after overhead the company runs an operating loss. Oyocar carries a going concern qualification from its auditors and has funded itself primarily through equity issuances and small related-party loans from its founder.

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