Prices for new and second-hand college textbooks found on the Internet are falling thanks to fierce competition among web-based booksellers, according to Abebooks.com.
With record numbers of students now using the Internet to avoid high prices at brick-and-mortar stores, Abebooks.com’s, No. 67 in the Internet Retailer Top 500 Guide to Retail Web Sites , monthly top 10 best seller list for August featured only university textbooks for the first time in the company’s 10-year history.
Students of sciences, mathematics, accounting and business are the most active online buyers. Abebooks.com normally sells up to 25,000 books each day but enjoyed sales that were 20% higher during August.
“Booksellers are aware prices can be compared instantly online so they are adjusting prices on a daily basis to stay competitive,” says Lisa Stevens, vice president of marketing at Abebooks.com. “That’s good news for students who are turning to the Internet in record numbers. We estimate 25% of America’s college students will have bought at least one textbook online for the fall semester by the end of September.”
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