But as the very strong and still growing margins in the Australian business demonstrates, when you get it right there are big earnings on offer for the leaders in any particular market.
In Australia, Carsales lifted revenue from private sellers by 27 per cent over 2017, by selling more and more premium listing products – a sign of Carsales' market dominance and its pricing power.
If Carsales can bring the intellectual property it has developed in Australia to dominate its international territories – and then ride the economic bumps each market will inevitably throw up – then it can create a new platform for growth.
The above article has been sourced from the Financial Review. To read the article in its original form, click here.