A car dealership or vehicle local distribution is a business that sells new or used cars at the retail level, based on a dealership contract with an automaker or its sales subsidiary. It employs automobile salespeople to do the selling. It may also provide maintenance services for cars, thus...

It is often asserted that consumers are poorly informed about and inattentive to fuel economy, causing them to buy low-fuel economy vehicles despite their own best interest. This paper presents evidence on this assertion through two experiments providing fuel economy information to new vehicle...

We estimate a model of vehicle choice and miles driven to analyze the impact of fuel conservation policies in the Indian car market. Taxing diesel fuel to equalize diesel and petrol prices would reduce fuel consumption in the new car market by 7 percent and reduce diesel car sales by 26 percent....

We investigate whether the first digit of an odometer reading is more salient to consumers than subsequent digits. We find that retail transaction prices and volumes of used vehicles drop discontinuously at 10,000-mile odometer thresholds, echoing effects found in the wholesale market by...

India is one among the world’s quickest growing automobile markets and is poised to become the third largest passenger’s automobile market by 2020 . The recorded sales growth of four wheelers like car & utility vehicle has additionally up up to 7.87 % and 6.25% severally throughout...

Automobile industry has become more competitive in recent years as customers’ expectations are ever changing. As the nature of the environment grows more competitive, the demand to meet customer expectations has grown significantly. One of the key pieces of information that would assist car...

Today, the automobile industry becomes the most attractive industry. Since the disposal income in rural and urban sector is increasing continuously and easy finance being provided by all the financial institutes, the sales of passenger cars have been increasing. It motivates a researcher to...

To correct market failures due to the presence of negative externalities associated with energy consumption, governments have adopted a variety of policies, including taxes, subsidies, regulations and standards, and information-based policies. For example, labels that clearly convey energy...

The sale of used cars is a big business, and frequently results in heartache to the consumer who finds that the car is defective. The seller, however, is usually quite adept at constructing a contract that shifts all risks to the buyer. This article enumerates a number of claims that the buyer...