Carsales.com Limited (ASX:CAR) will extend its strategic relationship with iCar Asia Limited (ASX:ICQ) by another 3 years. 
 

Carsales will continue to help develop the fledgling Asian car portal with its highly successful technology and IP. 
 

As part of the deal iCar will receive royalty-free access to carsales Redbook. In return iCar will seek permission from the ASX to grant carsales a top-up right allowing it to maintain its current holding in iCar. 
 

Carsales.com reported a net profit of $54 million for the six months to the end of December 2015.