> This means that the owner of a carefully maintained, never-abused, good used car will be unable to get a high enough price to make selling that car worthwhile.
Both statements are a wrong understanding of the phenomenon. The market collapses because the transactions happen outside of the market. Something similar has in my opinion happened on the job market. Most good jobs are outside the regular job boards. Most good applicants could not be bothered to apply for a job opening but are asked by recruiters or friends.