engleski

THE IMPACT OF PETROL AND DIESEL FUEL PRICE ON CAR DEMAND CONSIDERING THE ENGINE DISPLACEMENT

The analysis of oil product price impact on demand for certain car segments divided according to engine displacement was carried out for the period from 2000 to 2011. A division of recently registered cars according to engine displacement was performed by placing the 0.8-1.6 liter engines into lower segment, 1.7-2.4 liter engines into middle segment and 2.5 and more liter engines into upper segment. An attempt was made to determine the impact of increasing petrol and diesel fuel prices on the drivers’ selection when purchasing a car considering that at the beginning of the observed period the share of cars running on diesel amounted to as little as 15% and that during the observed period the share had increased to 49%. In regard to cars running on petrol a decrease in the share of all car segments considering the engine displacement was noticed while in regard to cars running on diesel the share of middle and upper segment cars had decreased whereas the share of lower segment cars had increased. It is necessary to perform additional empirical testing in order to determine the distinction between the impact of income and petrol and diesel fuel price on total car demand, and on demand for particular car segments.

oil; car; demand; prices; impact; income

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