Título
Total sales of lightweight automobiles in Mexico, 1988-2016
Autor
ESTHER FIGUEROA HERNANDEZ
Luis Enrique Espinosa Torres
Lucila Godínez Montoya
Nivel de Acceso
Acceso Abierto
Materias
Automotive industry - ([2007-1582, 2007- 3682]) - ([2007-1582, 2007- 3682]) Automotive sales - ([2007-1582, 2007- 3682]) - ([2007-1582, 2007- 3682]) Exchange rate - ([2007-1582, 2007- 3682]) - ([2007-1582, 2007- 3682]) Inflation and interest rate - ([2007-1582, 2007- 3682]) - ([2007-1582, 2007- 3682]) CIENCIAS SOCIALES - (CTI)
Resumen o descripción
The automotive industry in Mexico has been strengthened in such a way that the country is already part of the Top 15 of those that produce and sell the most cars in the world. From 2010 to 2016, it went from place 16 to 12 among the countries that sell more vehicles in the world, according to data from the International Organization of Automobile Manufacturers (OICA). Six years ago, Mexico sold 503 thousand 748 vehicles, which placed it in 16th place worldwide. The country was below Russia (1 million 912 thousand) Canada (694 thousand 349) or Spain (982 thousand 015) (HuffPost, 2017). The objective of the work was to analyze the variables that most influence the total sales of light vehicles in Mexico. To carry out the study, a multiple linear regression model of the total sales of light automobiles in Mexico was elaborated according to the exchange rate, the monthly average remuneration, the interest rate, unemployment and the inflation rate. Of the results obtained, the variation of the VTA according to the coefficient of determination (R2) was explained in 93.75% by the variables included in the equation, of which, the most statistically significant variables were the monthly average remuneration, the Unemployment rate and the exchange rate. According to the elasticities, the greatest effect on sales was the average monthly remuneration and the exchange rate. Although the interest rate and inflation are very important variables and were not significant.
Editor
ECORFAN Journal
Fecha de publicación
20 de diciembre de 2018
Tipo de publicación
Artículo
Recurso de información
Fuente
2007-1582
2007- 3682
Idioma
Inglés
Audiencia
Estudiantes
Investigadores
Repositorio Orígen
REPOSITORIO INSTITUCIONAL DE LA UAEM
Descargas
178