Macroeconomic Factors Affecting Car Sales

SHORT-RUN MACROECONOMIC FACTORS AFFECTING CAR SALES Viktor Smusin Natalia Makayeva instruct of blood line and Management of Technology Belarusian plead University, Belarus Abstract Purpose The heading of this newspaper publisher is to consider the relationship in the midst of selected macroeconomic variables and home(a) elevator force railroad car sales based on a subdue from 3 topic markets: Belarus, Russia, and Ukraine. Design/methodology/approach cristal macroeconomic variables argon discussed in relation to car sales; seven of them, including five monthly variables and two yearly variables, atomic number 18 comp ared to car sales data statistically. Findings The two main findings are: a) that macroeconomic variables are a significant factor of car sales, if observed as a composite linear turnabout model; b) that real estate prices proved to be the weedy to strongly correlated variable with car sales. Research limitations/implications A promising direction of further research is examining the links among other macroeconomic variables (stock market indexes etc.) and car sales.

Practical implications Results of this skip can be utilize by car makers and vendors to coming back car market fluctuations depending on changes in the macroeconomic fluctuations, and by policymakers and economy experts to e appraise the eventual impact of economic fluctuations on car manufacturers and vendors, who build the backbone of some countries economies and are a very significant sector of the economy in others. Originality/ valuate This paper studies some very recent da ta from a perspective that gained little att! ention in earlier research, apply to the practical branch of economic studies. Keywords Car sales, Macroeconomics, Economic fluctuations, corner Paper type Research paper Introduction The carry of this paper is to study the relationship between selected macroeconomic variables and national car sales based on a ingest from 3 national markets: Belarus, Russia, and Ukraine. Results of the study can be used: by car...If you want to get a full essay, rig it on our website: OrderCustomPaper.com

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