- Feb 11, 2015
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- First Name
- Alex
Exactly, I predict the next algo update (which happens all of the time) things will resettle for them. They're too bright and pockets too deep to allow incorrectly placed or used reviews, rich data, content, etc. to compromise them long term. I just don't see them going down like that, contrary to the wishful thinking of Carfax, Cars.com, Edmunds, Autotrader (who are they), etc. If I were a dealer, I wouldn't pull my money away from them. Albeit maybe too small of a sample size and imperfect system, while working in automotive attribution (generally speaking) I saw great cost per acquisition (against goals) and ultimately fantastic cost per sale out of CG.Thanks Alex. Re; CG fixing it, I don't take a view, but from what I've read it is the upper vs. lower funnel issue, and that's not really fixable for Cargurus. However, you or another poster mentioned Google changes their algorithm every few months, so who knows what the next one does, could reverse right back. And you are 100% correct that Langley and co. deserve the benefit of the doubt with what they've done. The key distinction though is they bought the traffic which is SEM, not SEO. They spent >70% of their revenue on Sales and Marketing, much of which is just buying their way to the top. In any case, I'm curious in David's response on reconciling Carfax's presentation and Cars.com and Cargurus. Also, Alex you brought up an interesting related point when you mentioned the former EBAY GM - where is EBAY here? They have a huge lead gen business in Europe and a small one here. There were rumors they were exiting the market but those turned out to be false and now are expanding. At NADA folks thought it was because FB was launching marketplace and partnering with lead-gen and others, so EBAY had to step back in and compete. But just curious where they sit as we haven't heard form them other than their hiring of employees.
As for eBayMotors, yeah... I dunno'. Again, I saw some dealer demographics appreciate it (do well in terms of cost per sale) and others not. I guess that is one reason to test over time and figure things out as you do.