Search results
Results from the WOW.Com Content Network
Group 1 has N cars to sell with quality between 0 and 2 and group 2 has no cars to sell, therefore S 1 = pN/2 and S 2 = 0. For a given price p , average quality is p /2, and therefore D = 0. The market for used cars collapses when there is asymmetric information.
With used vehicle inventory below average, now could be an excellent time to sell.
And for cars priced under budget, a $1,000 difference in price doesn't matter much to the Joneses, but a $5,000 difference is strongly important, and a $10,000 difference is extreme. They might enter the following intensities into the AHP software (throughout this example, the judgments of decision-makers are shaded in green):
S&P Global Mobility finds the average age of cars and trucks on the road hit 12.2 years in 2022, an all-time high. S&P says this is the fifth straight year the average vehicle age has risen.
An example of this could be when a used car is sold, the seller is likely to have a much better understanding of the car's condition and hence its market value than the buyer, who can only estimate the market value based on the information provided by the seller and their own assessment of the vehicle. [4]
Average list prices for used car have edged up by about $700 in the past month, and Alex Yurchenko, chief data officer for Black Book, which tracks prices, expects them to keep rising at least ...
Contingent valuation is often referred to as a stated preference model, in contrast to a price-based revealed preference model. Both models are utility-based. Both models are utility-based. Typically the survey asks how much money people would be willing to pay (or willing to accept ) to maintain the existence of (or be compensated for the loss ...
On the flipside, new car sales continue to rebound. Dealertrack Data shows new light vehicle sales in December climbed 4.9% year over year, and by volume were up 12.2% from November. Luxury sales boom