Home Part 1 FUEL CONSUMPTION: A MAJOR FACTOR INFLUENCING SALES OF NEW PERSONAL VEHICLES. EVIDENCE FROM ROMANIAN DATA

FUEL CONSUMPTION: A MAJOR FACTOR INFLUENCING SALES OF NEW PERSONAL VEHICLES. EVIDENCE FROM ROMANIAN DATA


Daniela Pîrvu, Consuela Necsulescu
Department of Economics and Finance, University of Pitesti, Arges County, Pitesti, Targu
din Vale Street, no. 1, Romania, 0348 453 370, E-mails: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Department of Accounting and Management Information Systems, University of Pitesti,
Arges County, Pitesti, Targu din Vale Street, no. 1, Romania, 0348 453 370, E-mails:
This e-mail address is being protected from spambots. You need JavaScript enabled to view it


Abstract
The purpose of this paper is to demonstrate empirically the validity of our supposition: the fuel consumption is currently the most important factor that influences sales of new personal vehicles. Factors that characterize an economical vehicle make 60 per cent of new personal vehicle buying decisions and the fuel consumption is the most important of these factors. The linear model for estimating the number of new personal vehicle registrations has good fit to the data.
Keywords: consumer preferences, factors, fuel consumption, new personal vehicle, statistical modeling.
JEL Codes: A10, C12, E27

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