[sugarwood]

Yes, you are out of touch.
This was all predicted repeatedly on this forum.

BAT prices should be hitting new highs with a massive influx of quarantined used car demand now concentrating online. People are bored at home and want to spend money. I know someone who just sold a car and motorcycle at full asking price. Prices are going UP.

Why are BAT prices higher than ads for sale pinned on the corkboard the corner grocery store ? Auction effect is real. BAT is nothing new, the concept was common in the 1700s. If you're willing to pay $x, you're also willing to pay $x+1. Basic. Anyone expecting to find a bargain at an auction doesn't know what the word means. There are people gladly willing to pay a 20% premium for delivery. Amazon knows this and has taken over the planet. Not complicated. Add in a quarantine, and expect BAT prices to spike 50%. Also, wealthy people value time over money. Contrast this to deal seekers who take 2 years to find a car, and those who search for a decade. The wealthy click a button and get things rolling fast. BAT is for the wealthy. Guys who want a bargain do not shop online, and only buy cars on CL.

Over half of all employed Americans (51 percent) transitioned to working from home. They have not spent money on anything in two months. No travel, clothes, entertainment, gyms, vacations. Nothing. Their net worth is higher than ever after two months of dramatically lower spending. Stock market is only 13% off the high, but personal cash stock piles are up. Each month of quarantine increases cash hoards that translate to buying power. Of course, the laid off bartender will not be buying a $50,000....$51,000.....$52,000 Porsche, but that was never the target demographic. Buy now or forever be priced out! They aren't making any more!

Almost every major discretionary spending categories has been eliminated during the quarantine, and will not fully recover until a vaccine is released: Major home improvement projects, new car purchase, vacations, childcare, dining out, new clothing, sports and entertainment, wedding costs, commuting, beauty hair and spa treatments, gym memberships, drinks at bars, daily Starbucks, etc.

Conclusion: 79% of people don't feel their job is in jeopardy, and now have an extra $10k-$20k in unspent cash compared to 2 months ago. If Boomer's kids skip college, that's another $250,000 that can go towards the dream 911. By end of summer, G50 prices will hit 6 figures. Buy now or forever be priced out.