Seeking Alpha

GM's fling with eBay (EBAY) looks to be over, at least for now, as evidence suggests it drew a...

GM's fling with eBay (EBAY) looks to be over, at least for now, as evidence suggests it drew a lot of lookers but not a lot of buyers. And some typical online-auction behavior: One bidder submitted a $2,500 bid on a $40,000 vehicle.
Comments (4)
  • vboring
    , contributor
    Comments (203) | Send Message
     
    Maybe they should try a deal with Amazon. It is a much classier space, plus one click purchases and free shipping will seal the deal.

     

    Now if they could just find a way to avoid sales taxes...
    30 Sep 2009, 02:45 PM Reply Like
  • coloneldebugger
    , contributor
    Comments (890) | Send Message
     
    Here's a crazy thought, if you don't want people bidding $2,500 on a $40,000 car then maybe listing that car on an auction site in the first place was a bad idea.
    30 Sep 2009, 02:55 PM Reply Like
  • cash
    , contributor
    Comments (442) | Send Message
     
    Perhaps the 'real value' of that vehicle is only $2500 for that bidder. Even a 1995 civic can cary 4 people from point A to B, and it will not break down like this GM vehicle will
    30 Sep 2009, 03:41 PM Reply Like
  • gato
    , contributor
    Comments (70) | Send Message
     
    The sales price of an object is not the same as the "value" of that object. GM (should know that by now) Why did GM set a $40,000 price tag on the car does not mean that the car's "value" is $40K. GM has to factor in wages to some "workers" who do not work and sit around in a hiring hall while getting 90% of their salary...so! they think us drones will just shuffle up 'an pay the price (that they need to avoid bancrupcy,,'cause they are a US co,) Those days are gone forever!
    gato
    30 Sep 2009, 04:22 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|