Carsales silent on iCar Asia’s Thai buy

Its share price has fallen due to the capital raising, but iCar Asia (ASX: ICQ)’s acquisition of Thailand’s No. 1 car classifieds website, One2Car, looks like a cracker. Here are a few highlights: the site has 1.2m unique visitors a month ‘without meaningful ongoing marketing’; it has about 37,000 listings from around 1,800 dealers (about 90% of the available market); all dealers using the site pay for subscription-based services; One2Car makes annual revenue of 45m baht (about $1.5m) and has been marginally profitable for each of the past three financial years; online advertising still only accounts for 3.5% of Thailand’s...

Its share price has fallen due to the capital raising, but iCar Asia (ASX: ICQ)’s acquisition of Thailand’s No. 1 car classifieds website, One2Car, looks like a cracker. Here are a few highlights:

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