One anecdote: there's a car I've wanted for a while, and every time I found the exact options, color, etc. that I want, they were gangsters about the price, and I would try to be a gangster back and then it would sell before I could even capitulate to their ask. Now I'm able to get one for less than I was even offering before, and with even more expensive options. Some people might read this and say, "yeah but everybody knows the car market is crashing right now - that doesn't mean deflation in general", but the reality is cars are one of the first discretionary spending items to get cut back on. Having transportation may not be discretionary, but owning a car and especially owning some kind of sports car is definitely discretionary. Doesn't necessarily mean the trend will continue, but all signs point to it getting at least some degree worse (better?) than it currently is.
One anecdote: there's a car I've wanted for a while, and every time I found the exact options, color, etc. that I want, they were gangsters about the price, and I would try to be a gangster back and then it would sell before I could even capitulate to their ask. Now I'm able to get one for less than I was even offering before, and with even more expensive options. Some people might read this and say, "yeah but everybody knows the car market is crashing right now - that doesn't mean deflation in general", but the reality is cars are one of the first discretionary spending items to get cut back on. Having transportation may not be discretionary, but owning a car and especially owning some kind of sports car is definitely discretionary. Doesn't necessarily mean the trend will continue, but all signs point to it getting at least some degree worse (better?) than it currently is.