Market leaders join forces in Thailand iCar Asia acquires One2Car.com to deliver better results to car buyers and sellers

Automotive Press Releases Monday November 17, 2014 10:18
Bangkok--17 Nov--DC Consultants and Marketing Communications

iCar Asia Limited (ASX:ICQ), owner of ASEAN's number 1 network of automotive portals, including ThaiCar.com and Autospinn.com, today announced it has entered into a merger with Thailand’s largest automotive classifieds site, One2car.com.

One2Car.com has been in the Thailand online automotive classifieds space for over 12 years and consistently attracts an audience of more than 1.2 million Unique Visitors every month. It is estimated that One2car.com delivers approximately 80% of all car buyer leads in greater Bangkok, making it the number 1 automotive classifieds site in Thailand.

"We are extremely excited to welcome the One2Car.com team to the growing iCar Asia Thailand family. Khun Teerawat and his team have done an excellent job in growing the One2Car brand and I’m pleased that our shared vision to enable innovations in making it easier to buy and sell cars in Thailand has driven us to combine our complementary strengths to realise this vision,” said Damon Rielly, CEO of iCar Asia.

Khun Teerawat, CEO of One2Car.com adds, “By aligning ourselves with iCar Asia, we can strategically strengthen our number 1 position in the industry and thus provide even more opportunities to our staff and customers alike. I am very pleased with this opportunity as the cultural fit in approach and vision of both companies promises a bright future for all stakeholders.”

Moving forward, ThaiCar.com and One2Car.com will remain as two separate sites; united by the common purpose to improve the way people buy and sell cars in Thailand.

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