LatAm Autos is the leading marketplace for cars in Latin America, in particular the Spanish speaking countries of Latin America.
We are in Mexico, Ecuador, Argentina, Peru, Panama and Bolivia. The combined market share of those six companies is ten times that of Australia. Australia is a great example of how to execute an online classified business model.
We listed on the ASX in December 2014, and the reason behind that is Australian investors understand very well the power of the online classifieds business. Once you are in a dominant market position, there is a very strong possibility of having 50, 60 or 70 per cent EBITDA margins, so all very good cash generating businesses.
