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According to JPMorgan listings data, both total and core absolute listings have deteriorated consistently over the course of 6 weeks and are now down 11.7% and 9.2% respectively over where the QTD total was in 2006.
Yes, high ASP categories are doing better than low ASP categories. Yes, conversion rates are improving. Yes, we see core listings going down less than total listings which include store listings. But unless we start to see a listings pick up, EBAY is going to have a tough time squeezing any Y/Y GMV growth this quarter.
