BuscaPé grows 80% locally in 2010

- Thursday, March 31, 2011

BuscaPé grows 80% locally in 2010

The Mexican unit of Latin America's largest price comparison website, BuscaPé, grew 80% during 2010, the company reported without releasing hard figures.

BuscaPé Mexico said the growth was due to lower costs, a broader scope and ease of use, while companies turn to the internet to have a wider stage to exhibit their products and services.

Additionally, the number of stores published on BuscaPé Mexico's site grew 90% in 2010. The site also saw traffic increase in many of the country's main cities - by 28% in capital Mexico City, 16% in Guadalajara and 9% in Monterrey.

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Compared with growth rates of 60% in 2009, BuscaPé Mexico projects expansion between 90% and 100% in 2011.

According to BuscaPé, in 2008 only 8% of purchases were made on the internet, but in 2009 that figure doubled. Mexican internet association Amipci estimates that sales generated from e-commerce in 2009 grew 85% to some US$1.77bn.