Just like EBAY as more and more users(dealers) sign up, growth will be come exponential.~ Just like we have a choice between yahoo and google, dealers will now have another choice where they can build and swap inventory.~
Up until now, manheim has had a virtual monopoly. Autobid just sat at the table, when it just launched its website.~ Up until now manheim has been eating the billion dollar pie alone. Now that autobid is sitting at the table,its bound to get some of that billion dollar pie.~
From ibox, great research btw~
: According to Forrester Research, online auction sales will grow to $54.3 billion -- or 25% of total U.S. online retail sales -- in 2007. Retailers, portals, and vendors will work to legitimize the format and attract as many consumers as possible to fuel the growth. Proprietary technology that can create a fair trading ground between buyers and sellers will be in high-demand. http://www.forrester.com/Research/Document/Excerpt/0,7211,37848,00.html
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