The cost of driving a car off the dealer's lot.

Author(s)
Wood, W.C.
Year
Abstract

This paper examines the loss of value incurred when a consumer takes retail delivery of a car. Statistical tests of percentage and absolute losses from taking retail delivery show the loss of value is not unique to new cars and is actually more pronounced for older used cars. Analysis of this loss shows the effect is not as great as is commonly believed and is more due to transaction costs of the deal than to consumers wishing to avoid a large percentage loss of value on a transaction cannot easily do so by avoiding the new car market.

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Publication

Library number
941789 ST [electronic version only]
Source

Journal of Consumer Affairs, Vol. 28 (1994), No. 1 (Summer), p. 130-136, 7 ref.

Our collection

This publication is one of our other publications, and part of our extensive collection of road safety literature, that also includes the SWOV publications.