We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Vehicle Purchases, Leasing, and Replacement Demand.
- Authors
Aizcorbe, Ana; Starr, Martha; Hickman, James T.
- Abstract
The motor vehicle industry has undergone important changes in recent years, including a shift in production from autos to light trucks and growth of vehicle leasing. This paper uses household-level data from the Federal Reserve's Survey of Consumer Finances to document changes in households' acquisitions and financing of motor vehicles from 1989 to 200l. We examine what types of vehicles households had, what financing arrangements were used to acquire them, and how vehicle holdings vary with such household characteristics as income, age, wealth, and creditworthiness. The data provide useful insights into the determinants of replacement demand and the use of alternative financing arrangements like leasing.
- Subjects
UNITED States; AUTOMOBILE ownership; AUTOMOBILE industry; HOUSEHOLDS; AUTOMOBILE leasing &; renting; MOTOR vehicle industry
- Publication
Business Economics, 2004, Vol 39, Issue 2, p7
- ISSN
0007-666X
- Publication type
Article