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The Replacement of Road transport Vehicles

The Replacement of Road transport Vehicles

Company cars are replaced after two or three years because of the high cost of maintenance and high second-hand values. Heavier goods vehicles, buses and coaches have a longer life, and when replacement is preferred to further overhaul the reason is probably obsolescence.

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Modelling Vehicle Ownership and Use in Low Income Countries

The objective is to develop a forecasting framework designed to provide medium term projections. The models relate ownership and use of vehicles to a set of socio-economic variables for a large sample of the poorest countries in the world. In addition to estimation of elasticities and other relevant parameters, some sample forecasts are produced.

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