Automobile Industry in the Long-term Uncertain Market: an Empirical Analysis

The automobile industry has been largely affected since the outbreak of Russo-Ukrainian War, which is reflected by crude oil price. In order to see long-term effect price fluctuation on auto industry, this paper analyzes changes in and rates return new power specific. This research builds a VAR model an ARMA-GARCH analyze relationship between stock from June 2021 July 2022. Finally, finds that rising prices have negative net impact returns entire but positive energy vehicle volatility no significant industry.