Some people will often remark that the used car market is a counter-cyclical business, meaning that the fortunes of the business tend to move in the opposite direction of the health of the economy. Why might this be true and what conclusion can you make about what kind of a good used cars would be classified as economically speaking?

Question

Quizplus · Accepted Answer

The Answer of Some people will often remark that the used car market is a counter-cyclical business, meaning that the fortunes of the business tend to move in the opposite direction of the health of the economy. Why might this be true and what conclusion can you make about what kind of a good used cars would be classified as economically speaking?

Some People Will Often Remark That the Used Car Market