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Suv or Car: Better Gas Mileage? Essay

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Below is an essay on "Suv or Car: Better Gas Mileage?" from Anti Essays, your source for research papers, essays, and term paper examples.

Gas Prices and other Economic Factors on Demand for Vehicles






















Cory Irwin
December 15, 2011
Washington State University
EconS 490
Phil Wandschneider






Abstract
Over the past decade U.S. gasoline prices have been steadily increasing. Sport utility vehicle (S.U.V.) sales have been suffering however and sales of smaller more fuel-efficient cars are now prospering. Individuals do not want to purchase a vehicle that is costly to operate and therefore look for alternatives. Although the price increase in gas may be the largest contributor to the changes in sales, there are other economic factors that could be causing consumers demands to change. To analyze these factors, an empirical model showing the relationship between the sales of these two types of vehicles and economic factors such as the price of gasoline, GDP, consumption, unemployment, and income. The model supports the economic assumption stating that the increase in the price of gasoline has led to a decrease in the demand of SUV’s and an increased demand for smaller more fuel-efficient vehicles. The model also provides information on what other factors may have an affect on consumer demand for vehicles.
















Table of Contents

Introduction………………………………………………………………………………3


Literature…………………………………………………………………………………4


Theory/Model…………………………………………………………………………….4


Data and Methods……………………………………………………………………….6


Empirics…………………………………………………………………………………..7


Results……………………………………………………………………………………8


Conclusion……………………………………………………………………………...11


References Cited………………………………………………………………………12


Appendices, Tables, Figures…………………………………………………………13






Introduction
The steady increase of gas prices over the last decade is starting to have an effect on consumer’s demands for vehicles.   Fuel efficiency is becoming one of the main factors when purchasing a new car. As gas prices rise, the sales of...

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