Something I've been kicking around and wonder if anyone here has any data or observations...
when the economy is growing and the stock market is climbing, do mustachian-type cars (used, high-MPG, 50k+ miles) sell for more money, less money, or are their prices uncorrelated to the economy?
On one hand when the economy is rolling, nation-wide spending goes up and there are more customers overall, suggesting people could ask more for used cars.
OTOH, more new cars are purchased when the economy is doing well. this suggests (to me) that there would be more used cars out there, since it increases the total number of cars.
any one care to chime in?