This book examines the factors that determine the demand for cars and suggests an explanation for the large fluctuations in their sales. A wide variety of information, including data from market research, surveys of industry and consumer opinion, cross section studies and aggregate time series, is used to construct and estimate econometric models that will explain consumer decisions about the ownership, purchase and replacement of cars. This quantitative analysis is supplemented by information of a more qualitative nature on the significance for the car market of such factors as model changes, the oil crisis and the prevailing social climate. One of the main conclusions of the book is that traditional neo-classical models of consumer behaviour do not provide a satisfactory explanation of observed market behaviour and that account has to be taken of the role of variations in consumer confidence and expectations in determining demand. (A) /TRRL/

  • Corporate Authors:

    Cambridge University Press

    32 Avenue of the Americas
    New York, NY  United States  10013-2473
  • Authors:
    • SMITH, R P
  • Publication Date: 1975

Media Info

  • Features: Figures; References; Tables;
  • Pagination: 100 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00127699
  • Record Type: Publication
  • Source Agency: Transport and Road Research Laboratory (TRRL)
  • Report/Paper Numbers: Textbook
  • Files: ITRD, TRIS
  • Created Date: Mar 10 1976 12:00AM