From shrinking unemployment to growing consumer confidence, there has been a lot of encouraging news regarding the economy in recent weeks. While it is certainly cause for optimism, analysts are quick to point out that there is still a long road to recovery. People may want to still make smart financial moves, like heading to New Jersey State Auto Auction to buy a used car.

One of the biggest reasons behind the cautiousness is the Euro debt crisis. Europe has been struggling to come up with a long-term debt reduction plan. As a result, the chances of slipping back into a recession are still very real. Additionally, high gas prices are likely to stay high, given prolonged conflict in the Middle East, so a fuel-efficient used car may be a great idea.

Unemployment has dropped in the last several months, and while that is certainly good news, analysts from Kelley Blue Book believe it may still be high throughout much of 2012. The trend will certainly have an impact on the economy.

"The current duration of unemployment has grown consistently since 2008 and currently stands at a high of 41 weeks," Alec Gutierrez, KBB's senior market analyst, wrote. However, he added that the auto industry may still see a slight rise in sales compared to 2011.

The bottom line is that while the economy has definitely improved over the last several months, there is no need to do away with being cautious. Buying a used car is a great way to save money while still enjoying the financial freedom that the improvements have brought. New Jersey State Auto Auction is a great place to go for a used car and has plenty of makes and models at affordable prices.