Western marketplaces record a sharp increase in the turnover of used goods
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European and American researchers note a noticeable increase in the popularity of second-hand goods on Internet sites, linking this with the rising cost of living due to inflation and people’s desire to save money. According to ReutersLast Black Friday in the UK, 9 out of 10 items sold on eBay UK were second hand.
“People do not have the savings they had immediately after the end of the COVID-19 pandemic. So now they have to be more frugal,” the agency quotes eBay UK CEO Eve Williams. Manufacturers of goods have already noticed this trend and have themselves begun to actively trade in used equipment, clothing, etc. Thus, Dyson, in its official store on eBay UK, sells new V11 vacuum cleaners for £499, used ones for only £219.
Also reportedAmazon’s second-hand sales are up 15% this year, and eBay expects second-hand sales to grow 50% by 2025. Specialized second-hand marketplaces such as Depop and Vinted have seen year-to-date sales growth of 51% and 8%, respectively. According to the forecasts of researchers from the American marketplace ThredUp, the global second-hand market should double by 2027 and amount to $177 billion.
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