[Lee Stewart]

Originally Posted by the427king

Its a catch 22.....when economy is great and people have money,cars are expensive.When car prices come down because of a recession,lower stock market, or job reports etc, the people that couldnt afford them when they were expensive, still cant afford them because now they either lost thier job, or make less money,have less savings , and the drop in price to them is irrelevant ............The cars in a recession may be less expensive, but only for the people that could have bought them pre recession.

And that group has shrunk due to the devastation to the stock market. Same amount of cars for sale - smaller amount of available buyers