Study Finds Both Unemployment Rate and Fuel Price Influence Buyers Decisions on Fuel Economy of Vehicles Purchased
Green Car Congress
JULY 22, 2009
From October 2007 to April 2009, the average fuel economy of purchased new light-duty vehicles improved from 20.2 During the same period, the volume of sales plummeted. The study examined the relationship between two economic indicators—the unemployment rate and the price of gasoline—and purchase decisions of new vehicle buyers.
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