Modelling the supply of private used cars: a study of two prominent brands in Fiji Online publication date: Thu, 24-Jul-2014
by Ronald Ravinesh Kumar
International Journal of Economics and Business Research (IJEBR), Vol. 7, No. 4, 2014
Abstract: In this paper, we model the resale value of private used cars in Fiji. We consider Toyota and Nissan cars which are the two relatively prominent brands in Fiji. Drawing on a sample of 175 Toyota used cars and 108 Nissan used cars over the period January 2012 to December 2012 from Car4Sale.com.fj website, and using ordinary least squares method, we explore the elasticity coefficients of key determinants of the resale values of private used cars. Our results show that for Toyota cars, the resale value is positively affected by model year and transmission type (manual or automatic) and negatively affected by mileage. For Nissan cars, the resale value is positively influenced by the engine capacity and model year and negatively affected by the mileage. Subsequently, both brands of used cars resale value behave similar with respect to the model year and mileage, and somewhat differs with engine capacity and transmission types.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Economics and Business Research (IJEBR):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com