Key stat: 57% of US adults have used eBay to purchase secondhand luxury fashion and accessories online in the past year, according to March 2024 data from CivicScience.
Beyond the chart:
- eBay marketplace sales will decline 1.1% YoY in 2024, reaching $35.02 billion in the US, according to our March 2023 forecast.
- Last September, eBay launched a luxury consignment service, helping sellers photograph, price, and list their products. It also rolled out an AI-powered authenticity guarantee.
- This follows a difficult start of the year for eBay amid competition from popular platforms such as The RealReal and thredUP and slowing growth in the luxury retail market. In January, the company announced a cut of 9% of its full-time staff, amounting to around 1,000 jobs.
Use this chart:
- Evaluate luxury resale platforms for ad opportunities.
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Methodology: Data is from a April 2024 CivicScience survey. 1,341 US ages 18+ were surveyed online during March 22-29, 2024. The data was weighted by US Census ages 18+ and rebased among those who purchased luxury goods online.
