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6 commentsFriday, May 29, 2009

"Classifieds" Searches Gaining Over "Auctions"

Not great news for eBay

eBay supporters may not love the latest graph released by Hitwise.  Data collected over the course of almost three years indicates that searches for the word "auctions" are losing out in terms of quantity when compared to searches for "classifieds."

"Auctions" managed to stay on top from the start of Bill Tancer's graph up until March of 2007 or so.  Then, as Tancer notes, a bit of a tussle ensued.

AuctionvClass
 (Credit: Hitwise)

Tancer writes, "Summer 2008 marked the first sustain lead in 'classifieds' v. 'auctions' searches.  During the last months of 2008, however, 'auctions' regained the lead, signaling the utility of auctions for holiday gift buying.  2009 however, has been the year of the 'classifieds' as the economic downturn has fueled our desire to save money by buying second-hand goods."

And if the economy doesn't get back on its feet soon, it seems reasonable to assume that sites like Craigslist will get even more of an edge over eBay and its sort.

One last note, for whatever it's worth: since June of 2006 (about the time Tancer's graph of search terms begins), eBay's stock has lost roughly 43 percent of its value.

News Tags: eBay, Craigslist, Hitwise
About the author:
Doug is a staff writer for WebProNews. Visit WebProNews for the latest eBusiness news.

Kill Ebay Now

Ebay should lose out to Craigslist, since it sucks dogs anus. Of course, ebay is trying to get it's AIDS infested talons into Craigslist with a lawsuit (yes, really). Ebay is over, it's hated by everyone and the people who run ebay are nothing more than brain dead babies on crack. The death of ebay will be good news to everyone on the internet. The slow painful demise of ebay is fun to watch. Long may ebay suffer and it die a slow, painful, agonizing, twitching deat

eBay own Gumtree so they

eBay own Gumtree so they have their mitts in the classifieds jar too.

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