Past and Future Trends in Light Truck Sales
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1981-08-01
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Abstract:This report uses the Wharton EFA Motor Vehicle Demand Model (Mark II) and its associated databases to discuss and analyze past and future trends in the Light Duty Truck market. The dynamic historical growth in this market and its implications for energy, safety, and emissions policies in transportation enhance the value of increased information and understanding concerning these trends. Part A analyzes the historical trends, generally covering the 1955-77 period, its three chapters presenting and discussing data on new registrations, physical characteristics, and prices and costs. The discussion focuses on trends by manufacturer and by truck type. Part B presents preliminary projections of disaggregate truck and car sales, prices, fuel economy, etc., based upon certain economic, energy, demographic, and policy assumptions. In addition, simulation results are presented, indicating the likely impacts of changes in some of those assumptions.
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