Strange economy of second hand bikes

Figure out how people like us are making money without leaving their jobs

Doing my regular research about used bikes, I came across the following strange graph on a blog post by reuters about prices of second hand bikes. The graph plots prices of second hand bikes on the X-Axis and prices of second hand cars on the Y-Axis. The data plots are for different cities of USA.

It is obvious from the graph that cities where bikes sell for less have a higher demand for cars and vice-versa. What explains this strange behavior of price of second hand bikes? We shall await your input.

I am just wondering if anyone has ever tried to do a similar study for the cities of India. It will be interesting to see if this inverse relationship exists in the second hand bikes market or not.

Enter your email address:

Provide your email address and we shall notify you about attractive deals in second hand bikes

Filed under: Uncategorized

Like this post? Subscribe to my RSS feed and get loads more!