Saturday, December 24, 2011

Why is eBay's car/boat sales so fail? or is it seller asking for too much?

so, i've been watching alot of car and boat sales on eBay, i'd say 100% of the car or boat sales that has 'Reserve' price, will have auction ended as reserve not met. and eBay charges $10 extra for listing with reserve price.





on top of that even those sold with NO RESERVE, the seller end up re-listing the item few days after the auction ends, usually cause buy buyer changes mind. and things like that is costing the seller a fortune in eBay fees. as u know, every seller on eBay wants people to bid to buy, not bid to 'have a chance that someone will come to inspect' today, selling car or boat on eBay is like paying redicious amount of fees, for a 'CHANCE' that the winning bidder will come to inspect, and hopefully he will pay. no1 bid to buy.





why 99% of the reserve sales cannot meet reserve? is it just they are asking for too much? or people are just tight and expect to buy brand new car/boat with $10k ? ? ?|||Some people list their car just to get a free car fax like report. Its free to list.





Ebay is never going to be a thriving marketplace for big ticket items.|||Your right, there is a lot of no sales on e bay , both non payers/false bidders, and not reaching reserve.


Many people look at identical cars advertised buy car sales or retailers, and believe that they can advertise their cars for the same price, forgetting that retailers pay tax, give warranty, and must make a profit to stay in business, private sales should be 2/3rds to 1/2 of retailers price.


They also forget that this is an auction, buyers are taking the vehicle faults and all, so must be cheaper than locally advertised to cover the risk.


People are greedy, we want as much as we can get for our used vehicles, forgetting that they have de- valued since we purchased them.|||What's wrong with a reserve price? If the reserve isn't met, you get your money back from the listing.



And I've listed plenty of cars on there, to have no buyer show up with their money. So I've had to relist it.



Most times than not, it's the buyer that is so fail. Not the sellers.



Now, there are also a lot of people that list their reserve at the same as their buy it now. Can you blame them?



Let's say I have a car that I want $10k for. I'm not setting my reserve below that. I don't care if it reaches 9,000, I want 10k.



Hence the reserve.

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