Listed on Australian Security Exchange, iCar Asia (ASX: ICQ) owns and operates ASEAN No. 1 network of automotive portals with clear leadership positions established in each of ASEAN’s three largest automotive markets – Malaysia, Indonesia and Thailand.
iCar Asia has significant market opportunity with the potential to connect over 600 million car buyers and sellers throughout ASEAN. Our online properties currently reach approximately 12 million car buyers and enthusiasts in the region every month.
We have consolidated position in ASEAN markets with established brands, consistent consumer audiences, and listings leadership due to deep car dealership penetration and engagement via our market-leading Response Management System (RMS) which is integrated into dealers’ businesses.
At iCar Asia, we are passionately committed to building a business that has a definitive impact on the automotive industry in the ASEAN region. We will change the way consumers connect with people and business to fulfil their automotive needs as they buy, own and sell vehicles.
Our strategic priorities for the business are to develop a world class customer experience, enabling us to win in all of our core markets. With this position of strength we have the opportunity to expand into adjacent categories and services, as well as into new countries.