° °
  • Firstline - TV3 New Zealand

    Firstline

    Weekdays 6am

  • 3 News - TV3 New Zealand

    3 News

    Nightly 6pm

  • Campbell Live - TV3 New Zealand

    Campbell Live

    Weekdays 7pm

  • 3rd Degree - TV3 New Zealand

    3rd Degree

    Wednesdays 8.30pm

  • The Paul Henry Show - TV3 New Zealand

    The Paul Henry Show

    Weekdays 10.30pm

  • Three 60 - TV3 New Zealand

    Three 60

    Sundays 9.30am

  • The Nation - TV3 New Zealand

    The Nation

    Sat 9:30am / Sun 10am

Rival to TradeMe launches today

Monday 1 Oct 2012 8:44 a.m.

Wheedle auction site launches today

Wheedle auction site launches today

A new Kiwi-owned auction and classified website that aims to rival the popular Trade Me website is launching today.

Wheedle.co.nz management promise the site will benefit Kiwis by creating competition in the online auction market currently dominated by Australian-owned Trade Me.

"As we've seen in the telecommunications market, the entry of another major player can both simulate growth and make pricing much more affordable for Kiwi consumers," Wheedle's managing director Carl Rees said.

Mr Rees says Wheedle is able to be competitive because it is locally owned and doesn't have to report to a large corporate base or shareholders demanding high returns on investment.

Neil Graham, a founder of New Zealand's biggest road transport company, Mainfreight, reportedly owns 26 per cent of Wheedle.

Mr Graham says the industry is "wide open" for competition.

"The online marketplace is currently wide open for some quality local competition that can give New Zealanders a far better service than they've ever had before with far better prices."

According to the National Business Review's Rich List Mr Graham is worth $65 million.

Trade Me founder Sam Morgan earlier commented on news of Wheedle on Twitter.

"Being rich clearly does not give you skills transferable to areas outside your domain of competence."

NZN

Others Are Watching

comments powered by Disqus

Trending

;