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
$32.74 |
Change
0.290(0.89%) |
Mkt cap ! $12.45B | |||
| Open | High | Low | Value | Volume |
| $32.37 | $33.15 | $32.25 | $43.95M | 1.339M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7222 | $32.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $32.90 | 972 | 1 |
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| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| CAR (ASX) Chart |