|
FOR IMMEDIATE RELEASE
RECORD NUMBERS OF CUSTOMERS TURN TO FREE ONLINE CLASSIFIEDS LEADER LIVEDEAL.com FOR FINDING BUYERS AND SELLERS LOCALLY
LiveDeal Experiences Milestone Month in June; Growth Rate Dramatically
Surpasses Other Leading Classifieds Websites
SANTA CLARA, Calif., July 20, 2006 – Record numbers of customers continue to turn to LiveDeal.com (www.livedeal.com), one of the nation’s leading free local online classifieds sites, as the preferred way to find buyers and sellers in their local area for a variety of merchandise and services. June marked a milestone month for LiveDeal, with more than 1.4 million unique visitors going to the LiveDeal site (according to comScore Media Metrix data). LiveDeal.com’s traffic grew by 34 percent last month, greatly surpassing the growth of some of the leading online sites in the Directories/Resources>Classifieds category including Craigslist.org (+11 percent), apartments.com (+8 percent), AutoTrader (-2 percent) and Yahoo! Classifieds (-16 percent) (source: comScore May 06, June 06).
According to comScore, the online classifieds category as a whole grew 35 percent year-over-year (March 2005 to March 2006). LiveDeal eclipsed that growth, up 163 percent in that same time frame. Since the beginning of 2006, LiveDeal.com monthly site traffic has increased more than 57 percent and key LiveDeal categories, including real estate, pets, autos and furniture also continue to grow significantly month-over-month.
“From the beginning, LiveDeal has been committed to providing the best online classifieds customer experience on the Web and our growing numbers attest to the fact that consumers agree,” said Rajesh Navar, founder and CEO of LiveDeal. “Our dedication to providing a robust online classifieds marketplace in virtually every zip code in the U.S., as well as our free basic listings and valuable listing enhancements so items can sell more quickly sets LiveDeal apart from other players. LiveDeal will continue to build out new categories and strengthen existing categories for buyers and sellers throughout the entire U.S. We are pleased that more and more consumers are relying on LiveDeal as one of the best possible places for buying and selling on the local level.”
Industry analysts project the local online classifieds industry to continue to burgeon. The Kelsey Group cites that the market for local online classifieds is expected to grow from $3.3 billion in 2005 to more than $9.8 billion in 2010. LiveDeal continues its strong performance as one of the top 10 most visited online classifieds sites.
|
|
LiveDeal is one of the leaders in the free local online classifieds market with more than $5 billion worth of goods listed for sale, in every city and zip code across the U.S. Buyers and sellers come together through the vast LiveDeal.com marketplace, which is ideal for trading items you want to see before you buy, such as pets, automobiles, furniture, appliances, real estate and more. LiveDeal also partners with online and offline media to quickly and cost effectively power their classifieds via its dynamic LiveDeal classifieds platform. LiveDeal was founded in 2003 by Rajesh Navar, an original member of eBay’s engineering team, with executives from other pioneering Internet companies. As part of its global expansion, LiveDeal recently launched LiveDeal Canada (livedeal.ca) in partnership with Torstar Corporation. For more information about LiveDeal, see www.livedeal.com
###
Media Contacts:
Kathy Wilson
781-652-0499
|
