We say goodbye and thank you to Reply All, the greatest pod that ever cast.
If you’re ever looking for a podcast that is as funny as it is well-researched, as earnest as it is thoughtfully produced, look no further. Let the Reply All team accompany you on your next trip down easy street.
The hosts signed off for the last time this week, but their catalog will always be worth revisiting.
This week marked the end of a Reply All, a podcast that truly transcended the medium into a wholly unique work of art.
Reply All has pushed the boundaries of storytelling, journalism, entertainment, and art for more than seven years. Podcasts like Reply All are the reason the category is so oversaturated today. Because they made magic and made it look easy.
Your neighbor may rant about the Saints in his garage and think he’s doing the same thing. I can assure you he is not.
Reply All was a podcast that really meant something. Now that every twenty-something with access to a microphone is blasting their voice across the internet, podcast recommendations are met with an eye roll. Trust me. I get it.
Each episode explores the internet and the parts of our culture that are inspired and influenced by the internet. Super tech-support episodes feature the team going on long journeys to solve listeners’ most pressing technology and internet problems. “Yes, Yes, No” explain a niche internet trend to the CEO of the parent company (Gimlet Media).
Reply All celebrates the beauty and mystery in life while pausing to poke fun at all of the insane “internet things” we accept as normal behavior.
If you’ve never listened to Reply All before, I am so jealous of you. You have an entire 189-episode catalog of some of the most entertaining and thought-provoking entertainment at your fingertips.
Auctions Create Social proof:
At our core, humans gauge our own personal risk based on the actions of those around us and close to us, and this is called social proof.
A car is only worth what someone will pay for it. But in an auction setting, each bid redefines what the car is worth. The more dealerships bidding, the greater the social proof that your car is actually worth more.
Imagine you’re shopping for your next car and have narrowed your options down to three. What if two of your friends bought one of those cars and were excited about it, would you feel better about buying that model?
The Principle of Scarcity:
Scarcity is similarly defined in both economics and psychology: The less access we have to something, the more we value it.
All used cars are different, so your car is unique. When it sells, every other buyer misses out on that particular car. Human beings instinctively value scarcity.
We wear diamonds and gold because they’re rare. We pay more for limited-edition sneakers. Buyers will pay more for your car, the more unique it is, and in a used car marketplace every car is unique.
Auctions Leverage Multiple Buyers:
By exposing your car to more buyers, you’re increasing your odds of finding a buyer in a desert.
A trade-in offer is based on the needs of one dealership. Making the car available to multiple car dealerships with differing inventory needs creates a fairer market price.
Auctions Create Competition:
Humans hate to lose. It’s wired into our brains. Because bidders go head-to-head in auctions, your car can play into the human instinct to come out the victor.
The dealerships bidding on your car are essentially competing in a game where your car is the prize. And each bidder is from a different car dealership, so they’re competing on multiple levels.
Auctions Are Time-Restricted:
This also plays back into the scarcity principle. There is no second place in an auction, so you have to have the highest bid when time runs out.
Our one-day auctions ensure that you can sell your car fast, but also gives bidders a hard deadline to make a decision.
Then Why Do Dealerships Participate?
Dealerships flock to the our auction marketplace because they know we’ll have a diverse selection of cars, including the ones their specific customers want most.
You got a low-ball offer on your car last time you took it to a dealership because that particular dealership didn’t need your car.
Dealerships in Denver need more 4-wheel drive crossovers than dealerships in Florida. Dealerships in rural Texas need more crew-cab trucks than dealerships in urban California.
Auctions like ours have a large dealership footprint which allows us to match the specific supply with the specific need.