Vehicle Choice Behavior and the Declining Market Share of U.S. Automakers

@article{Train2004VehicleCB,
  title={Vehicle Choice Behavior and the Declining Market Share of U.S. Automakers},
  author={Kenneth E. Train and Clifford M. Winston},
  journal={ERN: Market Structure (Topic)},
  year={2004}
}
We develop a consumer-level model of vehicle choice to shed light on the erosion of the U.S. automobile manufacturers' market share during the past decade. We examine the influence of vehicle attributes, brand loyalty, product line characteristics, and dealerships. We find that nearly all of the loss in market share for U.S. manufacturers can be explained by changes in basic vehicle attributes, namely: price, size, power, operating cost, transmission type, reliability, and body type. U.S… 
Consumers' preferences on the Swiss car market: A revealed preference approach
  • Sylvain Weber
  • Economics, Environmental Science
    Transport Policy
  • 2019
LIGHT VEHICLE MARKET SHARE : THE DOMESTIC VERSUS FOREIGN MANUFACTURERS
The future of Detroit ’ s automakers, even if they survive the current recession, looks grim. Cohort analysis of 24 years of US consumer household data suggests that the younger the head of the
To Lease or to Buy? A Structural Model of a Consumer's Vehicle and Contract Choice Decisions
By treating leasing and financing contracts as differentiated products with their own unique acquisition costs, the authors develop a structural model of a consumer's choice of automobile and the
Estimating Consumer Substitution between New and Used Passenger Vehicles
  • Benjamin Leard
  • Economics
    Journal of the Association of Environmental and Resource Economists
  • 2022
Recent literature has shown the importance of modeling consumer demand for assessing the effects of new passenger vehicle fuel economy and greenhouse gas emissions standards. A relevant feature of
Modeling purchases of new cars: an analysis of the 2014 French market
This paper analyzes and compares different policy scenarios as well as discusses price elasticities and willingness to pay and to accept using revealed preference (RP) data from the French new-car
Chrysler and J. D. Power: Pioneering Scientific Price Customization in the Automobile Industry
TLDR
The system provides three alternative approaches to identify efficient (and effective) pricing programs: (a) what-if-scenario simulations, (b) a batch scenario generator that allows users to identify and examine the profit-share/volume efficient frontier, and (c) an optimizer that, given an objective and a set of constraints, allowing users to search for incentive programs rapidly.
Dieselization of the Indian Car Market, an Empirical IO Perspective
The Indian car market is the fastest growing in the world. With increased mobility, however, has come increased foreign oil dependence, fuel consumption, and associated externalities. In response to
Evaluating the Consumer Response to Fuel Economy: A Review of the Literature
In modeling how the U.S. market responds to changes in national fuel economy standards, the question of how consumers evaluate trade-offs between the cost of consuming more fuel economy than they
...
...

References

SHOWING 1-10 OF 52 REFERENCES
Automobile Prices in Market Equilibrium
This paper develops techniques for empirically analyzing demand and supply in differentiated product markets and then applies these techniques to the U.S. automobile industry. The authors' framework
Differentiated Products Demand Systems from a Combination of Micro and Macro Data: The New Car Market
TLDR
This paper shows how to use “second‐choice” data on automotive purchases to obtain good estimates of substitution patterns in the automobile industry and uses these estimates to make out‐of‐sample predictions about important recent changes in industry structure.
A disaggregate model of auto-type choice
Quantifying the Benefits of New Products: The Case of the Minivan
This paper proposes a technique for obtaining more precise estimates of demand and supply curves when one is constrained to market‐level data. The technique allows one to augment market share data
Econometric Issues in Estimating Consumer Preferences from Stated Preference Data: A Case Study of the Value of Automobile Travel Time
This paper explores a number of methodological issues related to the econometric analysis of stated preference data in the context of estimating the value of automobile travel time. Estimates of
UNCOVERING THE DISTRIBUTION OF MOTORISTS' PREFERENCES FOR TRAVEL TIME AND RELIABILITY : IMPLICATIONS FOR ROAD PRICING
Using recent econometric advances, the authors study commuters' preferences for speedy and reliable highway travel with the goal of exploring the efficiency and distributional effects of road pricing
...
...