We have reached the point in the used car market where a large percentage of 'Bring a Trailer' & 'Cars & Bids' auctions are no longer meeting the reserve-price and are going unsold.

EXAMPLE: https://bringatrailer.com/listing/19...nz-e55-amg-36/

Just a month or two ago people were still willing to pay nearly anything to acquire a car. Recession anyone? Remember how low used car prices dipped for a year or two after 'The Great Recession'?