A market place may be referred to “as an area for potential exchanges”. Marketplace consists of force of supply (the sellers) and demand for the goods (the buyers) who are interested in negotiating the term of purchase. The Internet has also allowed other marketplaces to thrive by connecting global buyers and sellers from different regions, locations. The formation of online marketplaces often occurs quickly in response to social or economic trends. The constant changes in the existing car models with regard to design, innovation, technology, and colors, have led to a fierce competitiveness in the market. These market places have both new cars owned and used cars. Market Value of a vehicle is determined by equivalent to the price of the car. |