Attractiveness Estimation of the Second-Hand Cars

Pawel Luka and Krystyna Kwiatkowska-Sienkiewicz ()
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Krystyna Kwiatkowska-Sienkiewicz: Institute of Tourism, University of Rzeszow, Poland

Ovidius University Annals, Economic Sciences Series, 2010, vol. X, issue 1, 1224-1228

Abstract: The paper concerns kinetic estimation of second-hand passenger cars attractiveness. The analysis is based on the average market prices of 10 selected used car models, produced in years 1997-2005. Price changes of all examined cars were described as a concave downward-sloping curves over time. On the basis of the price change kinetic functions, the orders of processes, the velocity rates, the acceleration rates, the resistance rates, as well as the attractiveness rates have been calculated. The price change velocity denotes marginal changes of second-hand car price during the time. The price change acceleration describes the consumer’s downward pressure on the used car price, whereas the resistance rate represents suppliers upward pressure on price. And finally, attractiveness rate describe perceived value of a product.

Keywords: estimation,second-hand cars,average market prices (search for similar items in EconPapers)
JEL-codes: C81 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:10:y:2010:i:1:p:1224-1228

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