What is with used Sportbike prices?

Looking at the used sportbike market right now, the pricing seems insane.

Are people so used to paying crazy new-bike prices that they’re now willing to overpay for used bikes too?

It also makes me wonder if this is part of why dealers push GAP insurance so hard. The second you roll a new bike off the showroom floor, it’s probably worth 5–10% less than what you just paid for it.

Either way, it sure feels like the market has swung hard in favor of sellers.