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Old 07-06-2005, 01:03 PM
deanyel deanyel is offline
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Join Date: Aug 2003
Location: Phoenix
Posts: 3,726
Quote:
Originally Posted by kbflorida
Deanyel, I know what you mean. I have the same suspicion about EBay.
Yet the site seems to work - for cars and many other things. I think it works because many of the transactions are fair.
There may be some areas of Ebay that work but there is scant evidence that Ebay Motors is actually working very well. If you watch it closely you realize that very rarely does a car actually sell. The cars with reserves rarely hit the reserve. Cars with a "buy it now" price usually get to only two-thirds or three-fourths of the buy it now price. Then there's the no reserve cars - which in theory sell because the high bidder wins. But I've watched no reserve cars go through the auction as many as five times in a row - back to back to back. So in theory the first four sales fell apart for some reason - and you see a lot of dealer seller's whinning about illegitimate bids and bad faith buyers. The far more likely explaination is that the no reserve cars are coming back repeatedly because the sellers are winning the bidding on their own cars. But Ebay counts each one of those as a sale. And now they have these "user ID private" auctions - which allow the sellers to bid on their own cars with impunity. The whole thing is perverse really. It's just not a viable forum for the sale of used automobiles.
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