by: Shane Corliss
eBay is the largest online auction site in the world.
You can find anything from Wind Captured from the Katrina Hurricane to Rare Antiques. They have made millions putting buyers and sellers together and pioneered consumer and dealer based online auctions.
I decided to take a good look at the over 1,000 collector car auctions that were posted on eBay in the last two weeks.
I think you may agree that my findings are a bit startling.
The Statistics
Most searched for term on eBay: Xbox 360
Most Watched Item: One Owner 1942 Vintage Martin D-45 Guitar
Hmm. No collector cars here!
Most Popular Make and Model Listed
1969 Chevrolet Z-28 Camaro. Low Retail $19,100
Average Winning Bid: $7,296.
A staggering $11,804 off a low market price.
Top Auction:
1968
Shelby : Shelby GT500
Matching #s
Auction ID: 4611842807 - Winning bid $118,000
Auction Results From February 9 to February 22 2006
1,000 Collectible Automobile Auction listings were examined
280 Sellers appeared to be dealers
4,944 Bids Were Placed
120 Cars Had 0 Bids
263 Cars Reached the Reserve Price (Successful Sale) estimated gross $1,911,000
738 Cars Did Not Reach Reserve (No Sale) estimated gross $5,400,000
Volume of Non Winning Bids $2,900,000
Average Winning Bid: $7,296
Successful Sales $1,911,000
*Estimated eBay Revenue $58,000 (based on current eBay insertion fees)
$24,000 from Auctions reaching the Reserve Price
$34,000 from Auctions not reaching the Reserve Price (No Sale)
Estimated Fees Collected: $58,000
The eBay Money Machine
Keeping the above statistics in mind, the emergence of new online auction sites has been a bit slow partially because of the tremendous marketing power of a multi-billion dollar behemoth that rivals Wal-Mart in the marketplace.
Most have gone the way of the Mom and Pop stores.
One of the biggest challenges faced by alternatives to eBay is attracting sellers who are willing to give them a shot.
You need listings to attract bidders and you need traffic to attract sellers.
It?s the whole chicken and the egg story.
Challenges with eBay.
The good news is millions of buyers and sellers meet online every month to look for bargains, rare and unique items and yes even collector cars. The bad news, fake cashiers checks, stolen cars, fraudulent emails and more.
As you can see from the stats we gathered many individuals spent $45.00, answered a lot of questions, sent a lot of pictures and unfortunately the car still sits in the garage.
Are there other options?
The Route 66 Auction
The Route 66 Auction an emerging online auction site that touts ?No Dolls, No Knick Knacks?just everything automotive?.
You can place your vehicle online for $29.95 and they will relist it until it sells at no additional charge. They also have a marketing program that will place your vehicle in an online auction and then advertise it in car classifieds sites like Hemmings, Old Car Trader and Collector Car Trader Online.
The owner of The Route 66 Auction, Shane Corliss has chosen more of a grass roots ad campaign?Car Clubs, make and model specific websites, discussion board postings and every link exchange he can get their hands on.
Adoption is slow but steady.
You might want to show them your support by registering at http://www.theroute66auction.com.
Cal Cruising
With over 12,000 members nationwide, CalCruising is one of the largest online auction sites for Classic and Muscle Cars. In addition to auctions, they are a full service transportation super-site with many site features including, Auto-Dispatch, Auto Directory, Dealer Programs, Muscle Car Directory, and much more. CalCruising Members can post auctions for free in our Member area or for $39 post their vehicles in featured auctions and be seen by thousands of collectors and enthusiasts. Already members have run over 5,500 auctions and placed over 26,000 bids. As far as presentation CalCruising needs a huge face lift but their results speak for themselves. Your can check them out at http://www.calcruising.com.
Online auctions can be a great way to sell your collectible automobile.
Explore your options and do not become discouraged.
A collectible automobiles is sold every day.
The keys are persistence and effective targeted marketing.
About The Author
Shane Corliss is one of the leading sales and marketing strategist for the automotive publishing industry.
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There are several options to buy used cars. Although choosing between these options would depend on your priority and preference, you have the benefit of sorting all the listings in classified ads.
The majority of the used-car dealers provide their list of sales in classifieds. With so many options, how would you determine whose terms could provide you with the appropriate used car of your choice?
Here is a list of second-hand car buying and selling options, and each of its pros and cons.
1) Dealers:
They provide you with a guarantee of title and the best legal protection. They offer a broad selection of cars and most offer less expensive and older model cars.
On the other hand, trade-ins could not provide the best price for your old car and purchasing of used-cars could be risky since most dealers buy from taxi companies, police departments and lease fleets.
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Why is it that guys are so into cars?
Ami makes some money and the first big purchase he made was a car.
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My last toy car purchase was a 1987 Buick Grand National with 10,042 original miles.
The car was beautiful.
So beautiful in fact that I hardly ever drove the car for fear of something happening to it.
As much as I enjoyed driving the car, because they are very fun to drive, I loved just looking at it shining in my garage as well.
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Business owners: use GPS vehicle tracking systems to improve customer service and bring your business into the Information Age.
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Nail disorders are rarely disabling or even painful. But they are a nuisance. One of the most common problems is toenail fungus (medical name onychomysosis)-about 15% of people have it, including nearly half of those over 70.
This infection has received a great deal of press and advertisement time, as there are finally therapies that actually successfully eradicate these infections.
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The most basic and pervasive management function is planning. All managers at all levels plan, and the success of the performance of the other management functions depends upon this activity. Planning is deciding in advance what has to be done, who has to do it, when it has to be done, and how it is to be done. It bridges the gap from where we are to go to where we want to go. Managers plan for the...
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