Markets

Carsales.com profits have taken a hit from weak vehicle financing revenue

Profit at carsales.com fell 8% to $47.20 million for the the half year to December, dragged down by shrinking revenue from vehicle financing. The automotive classifieds business, the largest in Australia, reported a 7% rise in revenue to $178.6 million. Excluding the “finance and related services” segment of the business, […]
Carsales.com profits have taken a hit from weak vehicle financing revenue
Markets

carsales.com has just acquired a big network of auto classifieds sites in Latin America

Australian-based carsales.com is creating, in a $6.7 million acquisition, the number one online automotive classifieds network in Latin America. The company is buying the DeMotores online automotive classified websites in Argentina, Colombia and Chile, from S.A. La Nacion, one of Argentina’s largest media companies. “The inclusion of DeMotores with carsales’ […]
carsales.com has just acquired a big network of auto classifieds sites in Latin America