@article{Automobiles:651,
      recid = {651},
      author = {Lau, Hung-Hay and Hyland, Louise},
      title = {The Stock of Automobiles in Canada: Estimates relative to  historical trends},
      publisher = {Bank of Canada},
      address = {1989},
      pages = {1 online resource (23 pages)},
      abstract = {The paper compares the consumer stock of passenger cars  and light trucks in Canada with its "desired" stock,  measured as the estimated historical trend. The actual and  estimated desired stocks are measured in both physical  units and new-vehicle equivalents, allowing for age  distribution of the stock. The new-vehicle equivalents are  derived from our estimates of the survival rates and resale  values of automobiles of various vintages. Our analysis  suggests that the stock of passenger cars and light trucks  in Canada is still below historical trend values despite  substantial increases in new vehicle sales ver the past 6  years.},
      url = {http://www.oar-rao.bank-banque-canada.ca/record/651},
      doi = {https://doi.org/10.34989/swp-1990-2},
}