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CAR Group: Difference between revisions

Revision as of 21:33, 20 November 2023

CAR Group Limited (formerly carsales.com Limited) is an ASX 100 business in digital marketplaces across Oceania, Asia and The Americas.

CAR Group has been driving innovation and growth since the 1990s, delivering world leading technology and advertising solutions designed to make buying and selling a great experience.

CAR Group has wholly owned digital marketplace businesses in Australia (carsales), South Korea (Encar), the United States (Trader Interactive) and Chile (chileautos) in addition to being a majority shareholder of webmotors in Brazil. With a vision to create #1 digital marketplaces for vehicles around the world, CAR Group transforms how people buy and sell across the globe.^[1]

CAR Group was recognised by Forbes as one of the most innovative growth companies in 2017.^[2]

History

carsales was founded by Greg Roebuck and Wal Pisciotta in Melbourne, Australia in 1997 with what was at the time just a small idea of moving print classified advertisements for motor vehicles onto the internet.

In 2009, carsales listed on the Australian Stock Exchange (ASX) and became known as carsales.com Limited^[3]

In March 2017, Greg Roebuck stood down from his role as CEO and was replaced by the then COO, Cameron McIntyre.^[4]

In 2023 carsales.com Limited was renamed to CAR Group Limited.^[5]

This change clearly delineates the listed parent company from its marketplace brands around the globe (carsales in Australia, Encar in South Korea, Trader Interactive in the USA, Chileautos in Chile and webmotors in Brazil).

Acquisitions

• 2005 acquisition of online classified business PBL Media websites owned ACP Magazines Limited (Carpoint.com.au, Boatpoint.com.au, Bikepoint.com.au and Ihub.com.au) along with research and statistic company Equipment Research Group Pty Ltd (ERG). In return ACP would take up a 41 per cent stake in carsales.
• 2007 acquisition of RedBook Australia and Asia
• 2010 acquisition of Quicksales
• 2013 acquisition of 30% stake in webmotors (Brazil)
• 2014 acquisition of 49.9% stake in SK Encar (Korea)
• 2016 acquisition of soloautos (Mexico)^[6] and chileautos (Chile)^[7]
• 2017 acquisition of remaining 50.1% of SK Encar for $244 million (after previously having purchased 49.9% for $126 million in April 2014)^[8]
• 2021 acquisition of 49% stake in non-auto marketplace group Trader Interactive (US) ^[9]
• 2022 acquisition of remaining 51% stake in Trader Interactive (US)^[10]

• 2023 acquisition of a further 40% stake in Webmotors, Brazil^[11]

Accreditation

• Top 100 globally for gender equality by EQUILEAP^[12]
• 2023 AFR Best Places To Work^[13]
• Since 2018 Great Place to Work certified ^[14] and named on the Australia's Best Workplaces™ 2023 List^[15] (carsales, Australia)
• Since 2015 Workplace Gender Equality Agency (WGEA) Employer of Choice and certified Breastfeeding Friendly Workplace ^[16] (carsales, Australia)
• Since 2019 Australian Association of Graduate Employers (AAGE) Top Graduate Employer ^[17] (carsales, Australia)
• Family Inclusive Workplace ^[18] (carsales, Australia)
• Named on the 2022 and 2023 AAGE Top Intern Programs list (carsales, Australia) ^[19]
• Certified carbon neutral for Australian business operations under the Australian Government’s carbon-neutral certification program Climate Active^[20] (carsales, Australia)
• Since 2016 Great Place to Work certified (Webmotors, Brazil)^[21]
• 2023 Empresa Top 10 (chileautos, Chile) ^[22]
• Best Family Friendly Management (Encar, South Korea)^[23]

References

External links

• carsales website