IDEAS home Printed from https://ideas.repec.org/a/nap/nijbmr/2017p49-54.html

The Influence of Crude Oil Price, Consumer Confidence, Exchange Rate and GDP Growth Rate Toward Sales Number of PT. Toyota Astra Motor, Indonesia

Author

Listed:
  • Liviana Tio

    (Management Study Program, President University, Bekasi, Indonesia)

  • Purwanto

    (Faculty of Economic and Business, Padjajaran University, Bandung, Indonesia)

Abstract

Automotive industry has become one of the most contributing industries to an economy, including Indonesia. Therefore, factors affecting it are carefully being identified. In this quantitative study, the researcher would like to analyze the influence of several economic factors. There are crude oil price, consumer confidence, exchange rate and gros domestic bruto (GDP) growth rate toward sales number of automotive industry. In this study, the researcher uses case study of PT. Toyota Astra Motor (PT. TAM) as representative from Indonesia’s automotive industries. The total observation is 84 observations, derived from 7 years on monthly basis. This research uses multiple regression analysis to analyze the influence. The result of this study is that crude oil price, consumer confidence, exchange rate and GDP growth rate have positive significant influence toward sales number altogether. The most significant factor is exchange rate. All of the factors are found out to influence sales number by 78.8% while other remaining 21.2% of sales number is influenced by other factors outside the regression model.

Suggested Citation

  • Liviana Tio & Purwanto, 2017. "The Influence of Crude Oil Price, Consumer Confidence, Exchange Rate and GDP Growth Rate Toward Sales Number of PT. Toyota Astra Motor, Indonesia," Noble International Journal of Business and Management Research, Noble Academic Publsiher, vol. 1(1), pages 49-54, January.
    • Handle: RePEc:nap:nijbmr:2017:p:49-54
    as

    Download full text from publisher

    File URL: http://www.napublisher.org/pdf-files/NIJBMR-460-49-54.pdf
    Download Restriction: no
    File URL: http://www.napublisher.org/?ic=journal&journal=8&month=01-2017&issue=1&volume=1
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Irina Bunda, 2007. "The Changing Role of the Exchange Rate in a Globalised Economy," Post-Print halshs-00372820, HAL.
    2. Meghan R. Busse & Christopher R. Knittel & Jorge Silva-Risso & Florian Zettelmeyer, 2016. "Who is exposed to gas prices? How gasoline prices affect automobile manufacturers and dealerships," Quantitative Marketing and Economics (QME), Springer, vol. 14(1), pages 41-95, March.
    3. Ashley Langer & Nathan H. Miller, 2008. "Automobile Prices, Gasoline Prices, and Consumer Demand for Fuel Economy," EAG Discussions Papers 200811, Department of Justice, Antitrust Division.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mayerlen, Frank & Sola, Pierre & Be Duc, Louis, 2008. "The monetary presentation of the euro area balance of payments," Occasional Paper Series 96, European Central Bank.
    2. Ciccarelli, Matteo & Osbat, Chiara, 2017. "Low inflation in the euro area: Causes and consequences," Occasional Paper Series 181, European Central Bank.
    3. Trabandt, Mathias & Attinasi, Maria Grazia & Stark, Jürgen & Lalouette, Laure & Nickel, Christiane & Valenta, Vilém & van Riet, Ad & Leiner-Killinger, Nadine & Afonso, António & Warmedinger, Thomas & , 2010. "Euro area fiscal policies and the crisis," Occasional Paper Series 109, European Central Bank.
    4. Matthieu Bussière & Emilia Pérez‐Barreiro & Roland Straub & Daria Taglioni, 2011. "Protectionist Responses to the Crisis: Global Trends and Implications," The World Economy, Wiley Blackwell, vol. 34, pages 826-852, May.
    5. Hubrich, Kirstin & Karlsson, Tohmas, 2010. "Trade consistency in the context of the Eurosystem projection exercises - an overview," Occasional Paper Series 108, European Central Bank.
    6. Wang, Kai-Hua & Su, Chi-Wei & Xiao, Yidong & Liu, Lu, 2022. "Is the oil price a barometer of China's automobile market? From a wavelet-based quantile-on-quantile regression perspective," Energy, Elsevier, vol. 240(C).
    7. Matthieu Bussière & Emilia Pérez‐Barreiro & Roland Straub & Daria Taglioni, 2011. "Protectionist Responses to the Crisis: Global Trends and Implications," The World Economy, Wiley Blackwell, vol. 34, pages 826-852, May.
    8. Enders, Almira & Enders, Zeno & Hoffmann, Mathias, 2018. "International financial market integration, asset compositions, and the falling exchange rate pass-through," Journal of International Economics, Elsevier, vol. 110(C), pages 151-175.
    9. Liu, Yizao, 2010. "Gasoline Prices, Fuel Economy Efficiency And Automobile Replacement Dynamics," Working Paper series 148290, University of Connecticut, Charles J. Zwick Center for Food and Resource Policy.
    10. Ken Heyer & Carl Shapiro & Jeffrey Wilder, 2009. "The Year in Review: Economics at the Antitrust Division, 2008–2009," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 35(4), pages 349-367, December.
    11. Mohsen Bahmani-Oskooee & Amirhossein Mohammadian, 2019. "Who benefits from euro depreciation in the euro zone?," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 46(3), pages 577-595, August.
    12. Todd K. BenDor, 2012. "The System Dynamics of U.S. Automobile Fuel Economy," Sustainability, MDPI, vol. 4(5), pages 1-30, May.
    13. repec:aen:journl:ej33-4-03 is not listed on IDEAS
    14. Le Breton, Gwenaël & Be Duc, Louis, 2009. "Flow-of-funds analysis at the ECB: framework and applications," Occasional Paper Series 105, European Central Bank.
    15. Meghan R. Busse & Christopher R. Knittel & Jorge Silva-Risso & Florian Zettelmeyer, 2016. "Who is exposed to gas prices? How gasoline prices affect automobile manufacturers and dealerships," Quantitative Marketing and Economics (QME), Springer, vol. 14(1), pages 41-95, March.
    16. repec:men:wpaper:49_2014 is not listed on IDEAS
    17. Christiane Baumeister & Lutz Kilian & Thomas K. Lee, 2017. "Inside the Crystal Ball: New Approaches to Predicting the Gasoline Price at the Pump," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 32(2), pages 275-295, March.
    18. Mr. Yasser Abdih & Ms. Li Lin & Anne-Charlotte Paret, 2018. "Understanding Euro Area Inflation Dynamics: Why So Low for So Long?," IMF Working Papers 2018/188, International Monetary Fund.
    19. Lu, Tingmingke, 2023. "Response of new car buyers to alternative energy policies: The role of vehicle use heterogeneity," Economic Modelling, Elsevier, vol. 120(C).
    20. Kumo, Kazuhiro & Korgun, Irina, 2015. "Foreign Economic Relations and Regional Growth in North East Asia: Russia's WTO Accession and Its Effects," Discussion Paper Series 44, Institute of Economic Research, Hitotsubashi University.
    21. Steven B. Kamin, 2010. "Financial globalization and monetary policy," International Finance Discussion Papers 1002, Board of Governors of the Federal Reserve System (U.S.).
    22. Mr. Andrew J Tiffin, 2014. "European Productivity, Innovation and Competitiveness: The Case of Italy," IMF Working Papers 2014/079, International Monetary Fund.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nap:nijbmr:2017:p:49-54. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Managing Editor The email address of this maintainer does not seem to be valid anymore. Please ask Managing Editor to update the entry or send us the correct address (email available below). General contact details of provider: https://www.napublisher.org/?ic=journal&journal=8&info=aims .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.