I have an annual pass. I let it go in 2020 but when they reopen sales in 2021 I bought a new one. With a DVC discount. Yes they were still offering it at the time. They shut down annual past sales in October but after my brother, my nephew and a friend of mine got there annual passes. My sister chose to pass on it at the time, a decision she regrets to this day.
We've all been renewing our annual passes and waiting anxiously for the sales to come back again. I will get my sister annual pass as soon as they do. And I've heard all the blogs and followed all the theories on when we might actually see an annual pasd sale again. I do think they will come back. The fact that Disneyland is offering it is a good sign.
As far as how it affects DVC sales, I absolutely believe the lack of an annual pass has contributed to the market. It's not just the economy. It takes time for these things to take place. Remember annual past sales were active for 2 and 1/2 months in 2021. If anyone purchased one then, it would cover them for a year. And if it didn't, a lot of people were not traveling yet until the end of 2021. Usually sales for real estate take a year or so before you see the trickle down effect.
I also don't believe the poppycock that annual passholders don't spend money compared to day ticket holders. That theory is based entirely on the presumption than an annual pass holder is a local who lives within half an hour of the parks. It does not consider annual passholders who are DVC members. These guests visit several times a year from out of state. And because they're only in town for a limited amount of time, they want to get the most out of their trip as possible. That means meals, souvenirs, tours and other special experiences. They are the ones spending the money! Not the day ticket holders who came for 5 days and have spent all of their finances on tickets.
Disney has yet to prove me wrong on this.
I know for my family, those who have annual passes make multiple trips to Disney and spend more money. Those who don't, limit the amount of time they visit Orlando and spend very little money. They're too busy reeling from the sticker shock of park tickets.