TRENDS IN NEW PASSENGER CARS INFLUX IN GREECE

The estimation of future car ownership is an important aspect of transport planning, in particular because the number of car journeys is more or less directly proportional to the number of cars owned. A Macro economical examination of the changes that have been observed in passenger car ownership in Greece in the 80's, has been made in this paper. The numbers of new and used private use cars that were introduced in circulation, have been used as dependent variables. Independent variables are Per Capita Income (in constants prices) and the Consumer Price Index that corresponds to the purchasing of a new passenger car. The Box-Jenkins method in time-series analysis has been followed because of the time-series structure of the data, as well as the relationship between the dependent and independent variables. As a conclusion of this paper, it is stated 1. The market of both new and used cars have proved to be directly dependent on the financial policy of the State. 2. The after taxes price of vehicles is an important factor for the decision to buy a new car. (A)

Language

  • English

Media Info

  • Features: References;
  • Pagination: p. 193-207

Subject/Index Terms

Filing Info

  • Accession Number: 00674485
  • Record Type: Publication
  • Source Agency: Transportation Association of Canada (TAC)
  • Files: ITRD
  • Created Date: Mar 8 1995 12:00AM