Yes correct. It won't disappear, but it will lose a lot of its market share to the cheaper market. 0 - $15,000 cars you're much better off selling on Marketplace. A lot more leads and success rate and most of all, it's free. Buyers looking for a bargain, prefer marketplace too because they automatically/physiologically believe they're getting a better deal on a budget car, rather than carsales (where the seller is trying to get top price).
I mean, carsales is starting to advertise on marketplace. What does that tell you?
How big is the Facebook marketplace threat to Aussie revenue?, page-21
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Last
$34.76 |
Change
0.480(1.40%) |
Mkt cap ! $13.09B | |||
| Open | High | Low | Value | Volume |
| $34.72 | $34.91 | $34.63 | $3.263M | 93.89K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 200 | $34.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.78 | 1257 | 13 |
View Market Depth
| Last trade - 11.31am 11/07/2024 (20 minute delay) ? |
| CAR (ASX) Chart |