The European fleet of passenger cars is increasing in size and rapidly ageing. A larger stock of older vehicles introduces a legacy effect limiting the adoption of newer cars, thus slowing down the transition towards more fuel-efficient and less polluting ones. Yet, little is known about the...

The EU Commission is planning an annual general inspection for cars over ten years old in order to increase road safety. This Policy Impulse analyzes the measure from an economic perspective and shows: The planned regulation hardly achieves any safety-relevant effects, but causes considerable...

Die EU-Kommission plant eine jährliche Hauptuntersuchung für PKW ab zehn Jahren, um die Verkehrssicherheit zu erhöhen. Dieser Policy Impuls analysiert die Maßnahme aus ökonomischer Perspektive und zeigt: Die geplante Regelung erzielt kaum sicherheitsrelevante Effekte, verursacht aber...

The FDZ Ruhr provides a dataset on car advertisements in Europe, drawing from information obtained from the online marketplace AutoScout24. The dataset includes a diverse range of vehicle listings, covering various manufacturers, models, fuel types, and other key characteristics. The dataset...

The FDZ Ruhr provides a dataset on car advertisements in Europe, drawing from information obtained from the online marketplace AutoScout24. The dataset includes a diverse range of vehicle listings, covering various manufacturers, models, fuel types, and other key characteristics. The dataset...

We build forecasting models to predict second-hand car prices capable of predicting multiple car makes and models. Using a total of 141 car attributes we fit 15 machine learning models and rank their ability to accurately predict used automobile prices according to two performance criteria. In...

We develop and estimate a spatial search-and-bargaining model to study the role of intermediaries and spatial frictions using data from the used-car market. We find that dealers earn price premiums by leveraging three key advantages: selective acquisition of higher-quality cars, superior...

The consumption value of a durable good diminishes as it ages due to physical deterioration and consumers' preference for the new. We develop a model of consumer specialization and trade in the market for used durables based on imperfect substitutability. Imperfect substitutability across...

We analyze data on tens of thousands of alternating-offer, business-to-business negotiations in the wholesale used-car market, with each negotiation mediated (over the phone) by a third-party company. The data shows the identity of the employee mediating the negotiations. We find that who...

Globally, the transport sector contributes almost one-fourth of total carbon dioxide emissions (CO2). The road transport sector is responsible for more than 77 percent of transport-related CO2 emissions globally, with light-duty road vehicles (LDVs) encompassing passenger cars, SUVs, and pickup...

Currently, In advanced car insurance market almost reach full penetration ratios but an emerging market like the Asia market still has the potential to grow. Thailand has continued the growth of car insurance. Thailand is the second-largest car insurance market in ASEAN and has a lot of...

This report analyses the global trade in used cars and how the transition to electric vehicles may impact it. The analysis explores the quality and age of used vehicles traded globally and maps out how they are traded from developed economies to emerging markets. The report reviews recent...

This study explores how exposure of fraud committed by a durable-goods manufacturer affects secondary markets for that manufacturer’s products. Specifically, we examine the effect of Volkswagen’s 2015 emissions scandal (“Dieselgate”) on the used car market in Israel. Using a...

We examine used car dealers' roles as intermediaries. We present empirical evidence supporting that cars sold by dealers have higher quality: (1) dealer transaction prices are higher than private market prices and this dealer premium increases in the age of the car as a ratio and is hump-shaped...

We introduce a computationally tractable dynamic equilibrium model of the automobile market where new and used cars of multiple types (e.g. makes/models) are traded by heterogeneous consumers. Prices and quantities are determined endogenously to equate supply and demand for all car types and...

Congress and cars -- Small importers and their reactions -- The first compliance shops -- Making them pass -- The stoichiometric closed loop electronic feedback controlled breakthrough -- The boom -- More fuel on the fire -- In the workshop -- The independent labs -- The shine rubs off --...

Purpose: Purpose of the paper was to examine whether the endowment effect can be observed in the online used-cars market and to test whether it is dependent on the car in question being perceived as being more utilitaristic or hedonic car type.Methodology: Secondary data was scrapped from the...

This study develops an automobile life-cycle analysis framework considering lifetimes of new and used passenger cars. Using the analysis framework based on the Weibull survival distributions of new and used cars, I addressed the question of how the market expansion and lifetime extension of used...

This paper investigates the presence of odometer fraud in the used car market using a large dataset of car sale advertisements from the Czech Republic. The strategic aspects of sale decisions and the practice of rounding odometer readings, however, render the standard statistical tests for...

This study develops an automobile life-cycle analysis framework considering lifetimes of new and used passenger cars. Using the analysis framework based on the Weibull survival distributions of new and used cars, I addressed the question of how the market expansion and lifetime extension of used...

The disclosure of the VW emission manipulation scandal caused a quasi-experimental market shock in the observable quality of VW diesel vehicles. We consider a classical model for adverse selection and sorting to derive an empirically testable hypothesis about the impact of observable quality on...

This paper investigates the presence of odometer fraud in the used-car market using a unique dataset of 250,000 car-sale ads from the Czech Republic. Alternative identification techniques are discussed. However, selection into the market as well as the practice of rounding odometer readings —...

Intro -- 1. Introduction -- 2. The German Automobile and Leasing Market -- 3. Determinants of Residual Values: A Literature Review -- 4. Anchoring and Price Anomalies -- 5. The Price Effect of Supply and Demand Shocks on Secondary Markets -- 6. Conclusion.