Supply & Demand's effect on pricing does not follow supply and/or demand directly. Halving demand doesn't halve price; halving demand would knock price down below cost and put a third of suppliers out of business. Demand being reduced by 20% could easily cause price to drop 50%.
Don't forget that supply could have gone up too.
That's not to say that the price decrease is entirely because of Supply & Demand; I don't know, but it's not beyond realism.
im waiting for gas to get lower so i can snatch a VX or HX for cheap. I have owned 4 bangers all my life, even when was was 1.05 a gal, all the way to 4.11 a gallon
I've noticed the prices falling on the ones I've been watching on craigslist. No one seems to be buying cars right now cause of christmas and the economy. Also, the prices some people were asking for fuel efficient vehicles was insane Two dealers near me want around $3k for mid 80s crx hf cars. I've been trying to sell one for half that and only had one person come look at it.