Keywords: Vehicles, consumers, auto leasing
Abstract: This paper documents the basic features of data on motor
vehicles from the Federal Reserve Board's Survey of Consumer Finances
and the Bureau of Labor Statistics' Consumer Expenditure Survey.
Despite some methodological differences between the two surveys,
we find that they yield strikingly similar pictures of households'
vehicle holdings. The survey data are also quite consistent with
population estimates of vehicle stocks obtained from other
sources. Finally, we document the growth of auto leasing by
consumers, and find little evidence for the commonly-held view
that liquidity constraints are an important motivation for
Full paper (41 KB PDF)
| Full paper (97 KB Postscript)
Home | Economic research and data | FR working papers | FEDS | 1996 FEDS papers
To comment on this site, please fill out our feedback form.
Last update: July 16, 1997