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The fuel efficiency of the average pickup has also declined from as high as The average S. And even those averages do not count the very biggest vehicles those weighing more than 8, pounds fully loaded which are exempt under federal law.
Like the Hummer and other giant sports utilities, the biggest pickups average little more than 10 miles a gallon.
After the energy crisis, Congress required cars to be more efficient and to get an average of It worked. But increased fuel economy meant that gas consumption barely went up at all between and 7 million bbl.
Progress stopped in under Bush the elder, and Clinton and Bush Jr. The average passenger car weighs lbs. Contrast with a lb. Traffic congestion wastes three billion gallons of gas a year.
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Taxes may be applicable at checkout. Learn more. The main objective is to increase the proportion of vehicles sold within 90 days as well as to reduce the risk of overage and auction vehicles, as well as maximize the profit for the company. Data Exploration There are data points in this dataset, in which are marked as training data, are marked as test data and the rest is validate data.
There is no missing data in the dataset.
The following table summarizes all the variables in the dataset: To better understand our dataset, we conduct an exploratory analysis of our individual variables and the relationship between them.
This means that generally, the vehicle tends to be sold in a longer period of time if its cost was higher than other vehicles. The scatterplot between sales days and other continuous variables confirms our observation that there is no strong and clear linear relationship between cost, mileage and sales days.
Next, we look at the categorical variables to determine whether there are any significant factors that influence sales days.
There seems to be no significant difference between domestic and import vehicles in term of how fast they are sold. Regarding vehicle type, economy vehicles seem to be sold slightly slower than family-type vehicles and luxury sedans. On average, it takes 51 days to sell an economy vehicle, 39 days to sell a luxury vehicle and 47 days to sell family-type vehicles. Manufacturer brands seem to make a big difference on sales days.
These vehicles tend to hold their values after several years of use. This time to sales depends on a number of factor such as a discount, value depreciation after 1—3 years, availability and popularity of the brands, etc. Some states such as California, Georgia, Texas have significantly lower sales days than other states such as Arizona, Florida, Nevada.
On average, vehicles in Arizona and Florida are sold within 53 and 57 days respectively; vehicles in Texas and Georgia are sold within 39 and 42 days respectively. This difference might due to the difference in state regulation regarding all types of fee such as dealer documentation fee, registration fee, local state tax which can make affect the demands for used vehicles in these state.
Moreover, population and unemployment situation of the states might be a significant factor as well. For example, Florida and Arizona are well-known for retirement destination in the US, therefore the demand for used vehicles in these 2 states are usually lower than that in other states.