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| Title: | The effect of the “Cash for Clunkers” program on the overall fuel economy of purchased new vehicles |
| Authors: | Sivak, Michael |
| Other Contributor(s): | Schoettle, Brandon |
| Issue Date: | Sep-2009 |
| Publisher: | University of Michigan, Ann Arbor, Transportation Research Institute |
| Abstract: | This study evaluated the effects of the U.S vehicle-scrappage program (“Cash for
Clunkers”) on the average fuel economy of new vehicles purchased in July and August
2009. The predicted, baseline fuel economy, without the existence of the program, was
derived using a model obtained from a regression analysis performed on the data from
October 2007 through June 2009. The regression used the unemployment rate and the
price of gasoline as the predictors of the fuel economy. The results indicate that the
program improved the average fuel economy of all vehicles purchased by 0.6 mpg in July
2009 and 0.7 mpg in August 2009. |
| Other Identifiers: | UMTRI-2009-34 |
| Other Identifiers: | 102323 |
| Appears in Collections: | Transportation Research Institute (UMTRI)
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Files in This Item:
| File |
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Size | Format | |
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| 102323.pdf | Full report | 444Kb | Adobe PDF | View/Open |
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