The Demand for Light Duty Trucks: The Wharton EFA Motor Vehicle Demand Model (Mark II)

Details

• Creators:
  Loxley, Colin J. ; Luce, Priscilla ; Osiecki, Tim ; Rodenrys, Kate
• Corporate Creators:
  Wharton Econometrics Forecasting Associates
• Corporate Contributors:
  John A. Volpe National Transportation Systems Center (U.S.) ; United States. Department of Transportation. National Highway Traffic Safety Administration
• Subject/TRT Terms:
  • Automobiles
  • Light trucks
  • Trucks
  • Motor vehicles
  • Markets
  • Demand
  • Prices
  • Demographics
  • Econometric models
  • Econometrics
  More +
• Publication/ Report Number:
  DOT-TSC-NHTSA-80-32 ; HS-805 667
• Resource Type:
  Tech Report
• Geographical Coverage:
  United States
• Corporate Publisher:
  United States. Department of Transportation. National Highway Traffic Safety Administration
• Abstract:
  A preliminary model of U.S. light-duty vehicle demand is presented which contains an integrated analysis of automobiles and light trucks (under 10,000 lbs. GVW). The model has been estimated using both cross-section and time-series data, and is a development of previous Wharton models. It is a long-run, annual, econometric model providing both forecasts and policy analyses. Light trucks are divided into personal-use and commercial-use categories. The latter are quite distinct in behavior, while personal-use truck demand is combined with automobile demand, and shows many similarities in its determinants. The model includes relationships and estimates for: vehicles in operation, sales, new registrations, scrappage, purchase prices, fuel economy, vehicle miles travelled, gasoline consumption, and other operating costs, taxes, and the influence of demographics.
• Format:
  PDF
• Funding:
  DOT-TSC-1435
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/10230/dot_10230_DS1.pdf
• File Type:
  [PDF - 9.62 MB]
• Collection(s):
  Volpe Center
• Main Document Checksum:
  urn:sha256:0421dd67b012c120f473b97cf04aec133d1dd9dac4cccae0e682db19876c0e12