Ann: LatAm Autos Investor Presentation August 2015, page-8

Carsales just bought a majority stake in the number 2 Mexican operator.

What stake does LAA have in Mexico?

Maybe something is cooking there?

CAR alreay have a decent stake in Brazil......that is where LAA is really lacking.

Argentina could be good, but it has such a funked up economy it's hard to see it really reaching it's potential in the near term.

In my mind Brazil and Mexico are the best markets as they are both very large and reasonably stable.

Will e interesting to watch.