Inspired by crypto “market cap”, this multiplies the median ask by how many listings we counted in the scrape aggregate for the slice. It answers: if everything listed near the median actually sold near that price, what is the nominal value on the lot?
Limitations
The same physical car can appear in multiple dealer posts with different URLs. We do not dedupe to unique VINs or seller offers for this KPI. Treat it as a liquidity proxy, not an audited GMV figure.