Determinants of Residual Values. Empirical Analyses of Price Effects in the Used-Car Market

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The book delves into the increasing focus on residual value risk in the automotive leasing market, highlighting the importance of accurately predicting future vehicle values. It addresses the complexities involved in creating reliable forecasts by analyzing various influencing factors. Through extensive literature research and two empirical studies, it examines how limited information processing among market participants affects vehicle prices, as well as the impact of scrappage premiums on supply and demand shocks across different vehicle segments.