Event Title
The U.S. Demand for Domestic and Foreign Automobiles
Faculty Sponsor
Jeffrey A. Summers
Location
Jereld R. Nicholson Library
Date
5-17-2013 3:00 PM
End Date
5-17-2013 4:30 PM
Subject Area
Economics (applied)
Description
This study estimates the sales of both domestic and foreign automobiles using a time-series model over the years 1980 to 2010. The model of auto sales was based on the demand function. I studied the impact of the average consumer expenditure for automobiles, disposable income per capita, price of gasoline, new car loan rates and consumer sentiment on sales of automobiles. My findings suggest both domestic and foreign auto sales will increase about 0.1 percent when consumer sentiment increases by 1 percent, holding others constant. Sales of foreign autos increases about 2.3 percent as the expenditure increases 1 percent, holding others constant.
Recommended Citation
Chen, Feng, "The U.S. Demand for Domestic and Foreign Automobiles" (2013). Science and Social Sciences. Event. Submission 11.
https://digitalcommons.linfield.edu/studsymp_sci/2013/all/11
The U.S. Demand for Domestic and Foreign Automobiles
Jereld R. Nicholson Library
This study estimates the sales of both domestic and foreign automobiles using a time-series model over the years 1980 to 2010. The model of auto sales was based on the demand function. I studied the impact of the average consumer expenditure for automobiles, disposable income per capita, price of gasoline, new car loan rates and consumer sentiment on sales of automobiles. My findings suggest both domestic and foreign auto sales will increase about 0.1 percent when consumer sentiment increases by 1 percent, holding others constant. Sales of foreign autos increases about 2.3 percent as the expenditure increases 1 percent, holding others constant.