Hall, George; Copeland, Adam; Dunn, Wendy - National Bureau of Economic Research (NBER) - 2005
This paper studies the within-model-year pricing and production of new automobiles. Using new monthly data on U.S. transaction prices, we document that for the typical new vehicle, prices fall over the model year at a 9.2 percent annual rate. Concurrently, both sales and inventories are hump...
