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$34.04 car group limited

How big is the Facebook marketplace threat to Aussie revenue?, page-8

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woollydog

3,514 Posts.

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22/03/24

11:19

Post #: 73010347
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Originally posted by Pabloprado: ↑

Facebook marketplace is definitely going to have an impact on car sales platforms. Carsales is running on bluff and BS. They’re totally over charging both private sellers and dealers. The same exact buyers that look on Carsales also look at Facebook marketplace, in fact it is becoming known that a private seller on marketplace is the one looking for a more realistic price as opposed to a private seller that’s taken the time effort and investment in placing the ad on Carsales. When this trend keeps occurring eventually all Private sellers won’t bother with over spending on an internet ad on Carsales. When all the private sellers abandon Carsales. The dealers will notice the down turn and the change in trend. They will also start to look to save costs and optimise their advertising. Facebook and the Meta verse has far greater capabilities for dealers looking to target potential buyers. I personally see Carsales as having seen its peak.

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Facebook is full of scammers, including some dodgy looking used car ads. Haven't seen them on CAR.
Domain also competes with REA but that hasn't stopped REA from growing

Last edited by woollydog: 22/03/24

CAR Price at posting: $36.01 Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last $34.04		Change -0.160(0.47%)		Mkt cap ! $12.83B

Open	High	Low	Value	Volume
$34.58	$34.84	$34.02	$19.32M	565.1K

Buyers (Bids)

No.	Vol.	Price($)
3	1128	$34.02

Sellers (Offers)

Price($)	Vol.	No.
$34.05	10021	1

View Market Depth

No.	Vol.	Price($)
1	13	34.020
5	873	34.000
1	500	33.990
1	5382	33.960
1	300	33.950

Price($)	Vol.	No.
34.050	10021	1
34.080	2174	1
34.180	45	1
34.220	2806	1
34.240	743	2

Last trade - 16.10pm 24/06/2024 (20 minute delay)

CAR (ASX) Chart