Finance and Economics Discussion Series: Motor Vehicle Stocks, Scrappage, and Sales (Paperback) (ISBN-13: 9781288722099)

This paper offers a new framework for analyzing aggregate sales of new motor vehicles that incorporates separate models for the change in the vehicle stock and for the rate of vehicle scrappage. Because this approach requires only a minimal set of assumptions about demographic trends, the state of the economy, consumer "preferences," new vehicle prices and repair costs, and vehicle retirements, it is shown to be especially useful as a macroeconomic forecasting tool. In addition, a new historical annual time series estimate of motor vehicle stocks in the United States is presented.

Author: Alan Greenspan,Darrel Cohen
ISBN-10: 1288722095
ISBN-13: 9781288722099
Publisher: Bibliogov
Language: English
Published: 02/06/2013
Pages: 38
Format: Paperback
Weight: 0.19lbs
Size: 9.69h x 7.44w x 0.08d