Cars and Bids increasing buyers fee to 5%/$7500 max (previously 4.5%/$4,500)

Just got this email from Cars and Bids

Since launching five years ago, we’ve kept our buyer’s fee unchanged — but starting February 25, 2025, we’re making an adjustment.

New buyer's fee: 5% of the winning bid (previously 4.5%)

New minimum: $250 (previously $225)

New maximum: $7,500 (previously $4,500)

Between the layoffs and a ton of reserve-not-met auctions lately, I can't help but feel that this is a desperate move for revenue.