LAA named official portal of Mexican Car Dealer Association

Mexico City and Melbourne – 4 August 2017: LatAm Autos Limited (ASX: LAA) (“LatAm Autos” or the “Company”) is pleased to announce the signing of a collaboration agreement with one of the largest used car dealer association in Mexico

  • Top auto classifieds website in Mexico - - signs collaboration agreement with the Mexican Association of new and used car dealers (ANCA)
  • named official and exclusive classifieds portal for members of ANCA, chosen over two other classifieds websites
  • Founded in 1954, ANCA has 350+ members across Mexico

The Asociacion Nacional de Comerciantes en Automoviles y Camiones Nuevos y Usados AC (“ANCA”) are the largest association of dealers for used cars and trucks in Mexico, with 450+ members across Mexico. was selected over two other websites to be the exclusive auto portal provider to ANCA.

Under the agreement, ANCA will promote as the exclusive auto classifieds portal to its members through its website and its regular communications with members. In return, will offer a special plan for members of ANCA the terms of which remain confidential. In addition, ANCA will offer’s auto financing product, MotorCredit, as the exclusive financing solution for its members.

In addition, ANCA and LatAm Autos agree to collaborate in developing new products and revenue streams for ANCA members.

The President of ANCA, Mr Enrique Samperio G., commented “Signing this agreement to promote sales and auto loans is one of our key accomplishments this year, which without a doubt will strengthen the commercialization potential of our ANCA Associates. We thank for contributing on this alliance which will benefit our associates and the general public in general, and is consistent with our vision of "Buying with an ANCA Associate is Safe and Reliable".

LatAm Autos CEO Jorge Mejia Ribadeneira commented “We are very pleased to partner with ANCA who are the largest association of car dealers in Mexico, and its great to see yet again further recognition of being the leading auto classifieds website in Mexico. We look forward to helping all of ANCA’s members benefit from the use of our platform, and providing a one stop shop for all their needs.”