News and Announcements
LatAm Autos Sees Strong Revenue Growth in 2016
- Published April 13, 2017 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Overview
In 2016 the Company experienced strong revenue growth, in local currency terms, capitalising on improved operating metrics and the integration in 2015 of the five businesses that were acquired in 2014. 2016 local currency revenue growth was:
- Mexico: 62%
- Argentina: 61%
- Peru: 31%
- Ecuador: 29%
- Panama: 19%
In addition to increased monetisation, the Company continued to grow its operating metrics in 2016, including (for the month of December 2016, with growth on prior corresponding period):
- Monthly Sessions: 33% to 9.1 million
- Vehicle Listings: 8% to 191,000
- New and Used Car Dealers using LAA’s websites: 21% to over 3,000 dealers
- Leads: 12% to 145,800
- Social media fans: 54% to approximately 680,000
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