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Finance and Economics Discussion Series: Motor Vehicle Stocks, Scrappage, and Sales

by Alan Greenspan , Darrel Cohen , United States Federal Reserve Board
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Current price ₹1,434.00
Original price ₹1,544.00
Original price ₹1,544.00
Original price ₹1,544.00
(-7%)
₹1,434.00
Current price ₹1,434.00

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Book cover type: Paperback
  • ISBN13: 9781288722099
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Bibliogov
  • Publisher Imprint: Bibliogov
  • Publication Date:
  • Pages: 38
  • Original Price: USD 15.75
  • Language: English
  • Edition: N/A
  • Item Weight: 87 grams
  • BISAC Subject(s): General

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.

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