Rising gasoline prices increase new motorcycle sales and fatalities
نویسندگان
چکیده
BACKGROUND We examined whether sales of new motorcycles was a mechanism to explain the relationship between motorcycle fatalities and gasoline prices. METHODS The data came from the Motorcycle Industry Council, Energy Information Administration and Fatality Analysis Reporting System for 1984-2009. Autoregressive integrated moving average (ARIMA) regressions estimated the effect of inflation-adjusted gasoline price on motorcycle sales and logistic regressions estimated odds ratios (ORs) between new and old motorcycle fatalities when gasoline prices increase. RESULTS New motorcycle sales were positively correlated with gasoline prices (r = 0.78) and new motorcycle fatalities (r = 0.92). ARIMA analysis estimated that a US$1 increase in gasoline prices would result in 295,000 new motorcycle sales and, consequently, 233 new motorcycle fatalities. Compared to crashes on older motorcycle models, those on new motorcycles were more likely to be young riders, occur in the afternoon, in clear weather, with a large engine displacement, and without alcohol involvement. Riders on new motorcycles were more likely to be in fatal crashes relative to older motorcycles (OR 1.14, 95 % confidence interval (CI) 1.02-1.28) when gasoline prices increase. CONCLUSIONS Our findings suggest that, in response to increasing gasoline prices, people tend to purchase new motorcycles, and this is accompanied with significantly increased crash risk. There are several policy mechanisms that can be used to lower the risk of motorcycle crash injuries through the mechanism of gas prices and motorcycle sales such as raising awareness of motorcycling risks, enhancing licensing and testing requirements, limiting motorcycle power-to-weight ratios for inexperienced riders, and developing mandatory training programs for new riders.
منابع مشابه
The Price of Gasoline and the Demand for Fuel Efficiency: Evidence from Monthly New Vehicles Sales Data
This paper uses a unique data set of monthly new vehicle sales by detailed model from 19702007, and implements a new identification strategy to estimate the effect of gasoline prices on new vehicle demand. We control for unobserved vehicle and consumer characteristics by using within model-year changes in gasoline prices and vehicle sales. We find a significant demand response, as nearly half o...
متن کاملGasoline Prices and Motor Vehicle Fatalities
Fatal motor vehicle crashes per capita remained relatively stable over the 1990s, in spite of new traffic safety laws and vehicle innovations. One explanation for this stability is that the price of gasoline declined, which resulted in more vehicle miles traveled and potentially more fatalities. By using 1983-2000 monthly gasoline price and fatality panel data and fixed effects specifications, ...
متن کاملPain at the Pump: The Effect of Gasoline Prices on New and Used Automobile Markets
We estimate the effect of gasoline prices on short-run equilibrium prices and sales of new and used cars of different fuel economies. We find that gasoline prices have larger effects on the prices of used cars than of new cars, but that they have large effects on market shares and sales of new cars. We use our findings to estimate a component of the effect of an environmental tax on gasoline, a...
متن کاملGiving Green to Get Green? Incentives and Consumer Adoption of Hybrid Vehicle Technology
Federal, state and local governments use a variety of incentives to induce consumer adoption of hybrid-electric vehicles. We study the relative efficacy of state sales tax waivers, income tax credits and non-tax incentives and find that the type of tax incentive offered is as important as the value of the tax incentive. Conditional on value, we find that sales tax waivers are associated a seven...
متن کاملRecent Trends in Fatal Motorcycle Crashes
According to the National Highway Traffic Safety Administration's (NHTSA) 2001 data, while total traffic deaths in the United States increased by four tenths of a percent (+0.4%) from previous year, motorcycle deaths were up by 10 percent. Motorcyclist fatalities increased for the fourth year in a row since reaching a historic low of 2,116 fatalities in 1997. In 2001, 3,181 motorcyclists were k...
متن کامل