[Randall Thomas]

That would be a self consuming question... however, if the buyer does not sell, then the purchaser will have to pay more. Who dictates the market is the one that is desparate... buyer or seller..

If the market is infiltrated with cars, then usually the seller is more motivated and it becomes a buyers market. But if all the sellers refuse to take a loss, then the motivated buyers tend to pay more to get what otherwise can not be gotten.

I would still say the sellers have the edge in "controlling" the market price while the buyer has the influnce on affecting that price.

To prove that point, all it would take is for everyone to simply raise the price of their cars and not sell for a penny less and watch the market go up. Less cars will be sold, sure, and it certainly would be difficult to get desparate sellers to all agree especially when one of those knows if he and he alone drops below the norm even a bit, he's got an instant sale! Then others follow and we're right back to where we started.

Is this the origin of the term "vicious circle"?

/Randall