Which Factors Affect the Price of a Used Car Introduction: I have been given a database which contains information about one hundred different used cars. We are investigating what is the most influential factor when buying a second hand car. The factors which I will be using are the age and mileage of the cars to see how they affect the price. Hypothesis: Cars which are older and have got more mileage are generally cheaper, but if I have a vintage (antique) car it will change my graph
Investigating How the Prices of Used Cars Vary From New Cars PLAN ==== I am going to investigate how the prices of used cars vary from new cars. I am going to sample all the cars that are two years of age and under and compare it with cars that are in the range of five to eight years old. I am going to compare two different cars makes with each other and I am also going to sample out all of the cars with the mileage of 70,000 and less and compare it the price of the cars with the mileage
Student's Reaction to Used Car Websites Getting a used car instead of a new car is becoming a trend in America today. People do not want to spend money for new cars cause of the fact that cars’ values diminish significantly. This is exactly what my friend thought when he bought his used Acura CL 2.3 Coupe 2D for 13,500 dollars last years from a local dealer. Now the question is whether the price he paid really makes sense considering the current options and conditions of the car. Unfortunately
Car Industry Analysis Since the beginning of the car there has been history of used car sales and since World War II boom in auto sales there has been an increasingly large amount of used autos being sold. Immediately following World War II, there were roughly nine buyers for every new car produced. Sales personnel merely had to find out who could afford a new car. "Afford" was defined as paying cash. This condition existed until the early 1950s when supply began to discover that some new terms
little, or no understanding of the used car trade. A simple understanding on when and where to sell, how to get your car ready, writing a classified ad, negotiating, and making a contract. With consumer demand rising and supply constrained by several factors, including the tendency of new-car owners to hang on to them longer, prices for used vehicles have been climbing steadily. According to one recent study, nearly three times as many shoppers now want to buy a used, rather than a new, vehicle. (Dalglish)
Excellent Websites to Assist You in Buying a New Car By overcoming any fear about buying a car online, consumers can get that dream car for a great price, safely and securely - possibly even for a better price than offline. Are you in the market for a new or used car? Would you like to get some advice on safety ratings for certain cars, fuel efficiency, or trade- in value? If so, the fueleconomy.gov/feg/ and Carsdirect.com could have the answers to all of your vehicle- related questions and
The Used Car Industry In the past 30 years, the United States auto industry has gone through many changes. In order to stay competitive with a foreign market, constantly threatening to eat away at profits, the American auto industry has had to respond by being flexible and adapt itself to this new situation. Although, in the past, they were slow to get the message sent out by the consumers, the domestic auto industry now seems to be more than willing to analyze, and answer, the demands of a smarter
For this project I decided to visit three car dealerships and make my observations. The first dealership that I visited was Westboro Auto Exchange, which is a small used car dealership that sells a variety of cars. The second dealership that I visited was Duddie Ford, which is a large dealership that sells mostly new midrange priced American cars and trucks. The third dealership that I visited was Foreign Motor West, which is an average size dealership that specializes in selling BMWs. Upon arriving
correlation between the engine size of a car and the insurance group that it resides in. Introduction: In our present day there is an ever-increasing public demand for value-for-money products and services, especially in cars, shopping and clothing markets. For students, this is even more important as everything they buy (unless they are particularly affluent) can easily amount to debt (through extensive student loans). For students in particular, cars are very often an essential means of
Matilda Too smart for her own good, is a legendary saying used for people that are so smart that at the end of their life it can be dangerous for them. In the fantastic story Matilda written by Roald Dahl, the author describes a young girl's life that is affected by lack of love and affection and her being too intelligent for her age and time. It was the beginning of summer in 1993 the climate was starting to get hot and the Wormwood family didn't pay much attention to Matilda and her incredible
on a car lot. My front yard is gravel and asphalt with intermittent splotches of eternally black oil unyielding to any cleaning agent natural or otherwise. Our house is built on the lot right beside iron train tracks. And of course there is the constant image of old cars lined up in rows, not junky just old. It's embarrassing to live under these conditions, but I wouldn't change the situation at all. My family moved onto the car lot when I was in seventh grade. My father had been in the used car
A Destructive Tornado Tornadoes are one of the deadliest and most unpredictable villains mankind will ever face. There is no rhyme or reason, no rhythm to it’s madness. Tornados are one of the most terrifying natural events that occur, destroying homes and ending lives every year. April 29th, 1995, a calm, muggy, spring night I may never forget. Jason, a buddy I grew up with, just agreed to travel across state with me so we could visit a friend in Lubbock. Jason and I were admiring the beautiful
My Dad and Old Cars Some people bring home stray dogs. My father brings home stray cars. He gets emotionally attached and eventually puts them on life support. This keeps them viable long beyond the time other family members vote to pull the plug. He drives a 1968 VW van that chugs along on its third rebuilt engine. My big brother vows to bury dad in it. The 1971 VW Bug that he used for fifteen years is still operable, but since a teenager's foot went through the rusted floorboards to the street
An Analysis of Vonnegut’s Breakfast of Champions Kilgore Trout is a struggling novelist that can only get his novels published in porn magazines. Dwayne Hoover is a fabulously well-to-do car salesman that is on the brink of insanity. They only meet once in their lives, but the entire novel, Breakfast of Champions (1973), is based on this one meeting. The meeting is brief, but that is all the author, Kurt Vonnegut, needs to express his message. In fact, it is quite crucial that the meeting starts
Statistical Investigation on Car Prices Data Collection: We are asked to find the relationship between prices of ‘51 registered’ cars and variables such as their current new price, mileage and weight by using the regression analysis. To collect full information of these registered cars, we can access to the websites like: http://www.exchangeandmart.co.ukHowever, in this easy, we use the data, which are provided with the assignment by our teachers. By the sources, 100 cars, which manufacturers
luxury image which has been built up since the 1970's with many motor sport victories ranging from Touring Car to Formula 1. BMW Group's worldwide mission statement is: "To be the most successful premium manufacturer in the industry."[1] 1.3 BMW's Marketing Mix To examine BMW we must first look at the marketing mix. A company's marketing mix is made up of four main points these are Price, Product, Promotion and Place. Through these points we can examine the specifics of a company to gain
Alternate Fuel Sources for Vehicles Introduction This project investigates alternative fuel source cars, such as Biodiesel, Hydrogen Fuel Cell, Natural Gas, Ethanol (e85), and Hybrid. I choose this topic when I realized how much people are paying for a fuel (gasoline) that only gives you 30% efficiency per gallon. This means that for every $100.00 that you spend on gas, you are wasting $70.00. Purpose My goal is to educate people about current fuel sources, so they can make more educated
Investigating the Factors that Determine the Price of a Second Hand Car Aim Use the information to investigate what influences the price of a second hand car. Introduction I’m going to find out what it is that affects the price of a second hand car. Hypothesis I think that the main factors in the drop of car prices are the age and mileage; this is because they give us a good indication as to what the cars price and other information could be. Plan I am going to prove this
competition in domestic markets. This fact will lead to the reduction in price of many products, which will benefit the consumer. Trade restrictions hurt the consumer, and this is a problem that the WTO is charged with addressing. In the 1980’s when Japanese cars were quickly gaining a foothold in the American market the US limited the number of imports from Japan, in theory to protect the American worker. In response to this, car prices rose extremely. If the imports were to be allowed into the United
consider is using the price elasticity of demand to determine whether to increase or decrease the sale price of their automobiles. The responsiveness or sensitivity of consumers to a price change is measured by a product's price elasticity of demand (McConnell & Brue, 2004). Market goods can be described as elastic or inelastic goods as change in quantity demanded for that good. If demand is elastic, a decrease in price will increase total revenue. Even though a lower price would generate lower sales