Question-and-Answer Session
Operator
(Operator instructions) And we'll go first to Imran Khan at JP Morgan.
Marcos Galperin
Good morning.
Led Polenshe – JP Morgan
Yes. Hi. This is Led Polenshe [ph] calling in for Imran who is traveling. Thank you very much for taking our question. One question is it seems like we saw acceleration both in GMV and TPV growth in the second quarter. And I was wondering if you could talk about what the key drivers of that were and whether you think these factors are sustainable or if there is anything that was more of a one-time nature? And then my second question is if you could give any data points about how the rollout of the new version of Mercado Pago has gone. You know, has it had any impact on TPV or an auction metric? Thank you very much.
Marcos Galperin
Hi. The reason was based on the increase in the growth rate of the successful items or number of transactions that we process. The GMV grew off of that, acceleration in successful item. We also are seeing and have been seeing for sometime an increase in average selling prices. As users become more used to trading online, and therefore, are willing to purchase more expensive item. Also, a penetration of Mercado Pago, that is typically used for higher ASP transaction growth. We also see an increase in ASP. And finally, currency appreciations have also helped in U.S. dollar GMV. We have success for sometimes, e-commerce and broadband, in general, are growing at a 30% to 50% rate across the region and thus rate of growth that we expect our core business to continue growing for the next several years.
Operator
(Operator instructions) And we will go to Robert Ford with Merrill Lynch.
Robert Ford – Merrill Lynch
Hey, good afternoon, everybody. I also noticed that there seem to be a big ramp up in classified. And I was wondering if you can give us an example of what you are doing to drive – to drive gains there?
Marcos Galperin
Hi, Bob. Yes. Classified is growing very nicely for us. In our core marketplace, we launched our new platform for motors, sometime ago, it’s driving excellent results. Listings have been growing very nicely. Services has also grown very nicely for us across all the various platforms. We continue to focus more than what we had done in the past in driving dealers to our platform. So, overall, I think our core product offering and the marketing activities that we are doing are providing excellent results. Obviously, in addition to that, TuCarro acquisition has been a very good acquisition for us. The integration is working very well. We are combining their offline marketing knowledge and their brand, their knowledge and relationship with dealers in Columbia, and Venezuela with our online marketing skills and our technology platform skills and that combination seems to be working very well. Also, culturally, both companies are – have a lot in common. They are also e-commerce pioneer in the region. So we are very happy with the acquisition of which initial results we are seeing there.
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