Event Title

The U.S. Demand for Domestic and Foreign Automobiles

Presenter Information

Feng Chen, Linfield CollegeFollow

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.

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May 17th, 3:00 PM May 17th, 4:30 PM

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.