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I find it very interesting, having followed it from the beginning. And having sold a couple cars through it.
One thing for sure, they are taking in the dough right now. By my calculation the are pulling in around $500,000 per year in just the $250 seller auction fee. To that add the 5% buyer fee (capped at $5k) and the money is obscene. Millions and millions per year in profit.
That's why you see 1990 Jeep Cherokees etc. It's hard to turn down the money.
It will be interesting to see what happens with it long term.
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