Motor Vehicle Stocks, Scrappage, And Sales

Article, Preprint OPEN
Alan Greenspan ; Darrel Cohen (1999)
  • Journal: The Review of Economics and Statistics, volume 81, issue 3 August, pages 369-383
  • Related identifiers: doi: 10.1162/003465399558300
  • Subject: Automobile industry and trade ; Stocks

This paper offers a framework for forecasting aggregate sales of new motor vehicles; this framework incorporates separate models for the change in the vehicle stock and for the rate of vehicle scrappage. Because this approach requires only a minimal set of assumptions a... View more
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