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Q: Who is carsales?
A: carsales.com Ltd listed on the ASX in 2009 and is the largest online automotive,
motorcycle and marine classifieds business in Australia, attracting more Australians
interested in buying or selling cars, motorcycles and boats than any other classified
group of websites. carsales.com Ltd's first revenues were reported in the financial
year 1998. The company is one of only a few to have made the BRW Fast 100 for five
consecutive years. carsales.com.au
is Australia's number one automotive website and in July 2010 attracted more than
3.027m unique visitors*. The carsales Network of websites includes CarPoint.com.au,
discountnewcars.com.au, Redbook.com.au and motorcycle, boat, truck and machinery
websites. The network boasts more than 4.7m unique visitors** each month.
Q: Why is carsales planning to acquire OZtion?
A: Carsales is planning to acquire OZtion to help grow its listing and revenue in
the general classifieds space and to provide an e-commerce/shopping cart product
to its new and existing dealers.
carsales believes strongly in the value of OZtion's growing community. More than
480,000 Australians already use the site and carsales is excited about engaging
with these customers and the community in general.
The acquisition of OZtion by carsales represents a huge opportunity for both carsales
and OZtion
- OZtion sits within carsales' core business area of online classifieds and we believe
this will help OZtion grow and prosper
- carsales' network of sites attracted more than 4.7m unique visitors in July. As
members and customers of OZtion this is exciting, as we expect exposure to this
traffic to significantly grow your opportunities to buy and sell
Q: Does this mean that OZtion is disappearing?
A: No, quite the opposite.
OZtion will strengthen carsales' existing general classifieds business quicksales.com.au.
OZtion will continue to operate and we hope become bigger and better as part of
the carsales network
Q: What changes will members see at OZtion?
A: OZtion will continue to operate normally, helping hundreds of thousands
of Australians to buy and sell products online.
Since OZtion started in January 2005, the site has evolved. We have delivered a
wide range of new features and services. We plan to continue that evolution with
the benefit of carsales expertise in product development. This is just the beginning
of a new chapter for OZtion. We expect that over time, we will be able to more rapidly
develop and roll out new features.
Q: How will OZtion customer service change?
A: No changes are expected. Our existing Melbourne-based customer service
team will continue to offer support and assistance to all of our members.
Q: Will OZtion's team be less involved as a result of the deal?
A: All of the OZtion team have been encouraged to stay with the business.
* Nielsen Online Market Intelligence, Automotive, Brand, July 2010
** Nielsen Online Site Census, Carsales Network Aggregate, July2010
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