During a recession, most will tighten their spending and hold off on large purchases whenever possible. As a result, industries such as real estate and automotive tend to feel the effects more than smaller retail businesses.
Used car sales is the exception. In the Infographic below, you'll see that the trends over the last year are pointing to stronger sales than ever before in the pre-owned market. This can be attributed to "smart need buying" patterns that coincide with the tightening of spending during a recession.
* * *