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The Effects of Higher Gasoline Prices on U.S. Light Vehicle Sales, Prices, and Variable Profit by Segment and Manufacturer Group, 2001 and 2004

Author

Listed:
  • Walter McManus

    (University of Michigan)

Abstract

The rising gasoline prices of the past few years were not associated with shifts from vehicles with lower MPG to vehicles with higher MPG. This has been seen as evidence that gasoline prices have little impact on the purchase choices of new-vehicle buyers. However, this paper presents new evidence that the shifts toward vehicles with higher MPG that the rising price of gasoline would have caused were not observed because they were offset by price cuts that were disproportionately applied to vehicles with lower MPG.

Suggested Citation

  • Walter McManus, 2005. "The Effects of Higher Gasoline Prices on U.S. Light Vehicle Sales, Prices, and Variable Profit by Segment and Manufacturer Group, 2001 and 2004," Industrial Organization 0505010, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpio:0505010
    Note: Type of Document - pdf; pages: 13. pdf
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/io/papers/0505/0505010.pdf
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    More about this item

    Keywords

    fuel economy; gasoline prices; automobile demand; nested multinomial logit; variable profit;
    All these keywords.

    JEL classification:

    • L62 - Industrial Organization - - Industry Studies: Manufacturing - - - Automobiles; Other Transportation Equipment; Related Parts and Equipment

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