PACE paper

Here is an early draft [pdf: Warrian-Smitka 2015 rev 1] of my analysis of the PACE competition, co-authored with Peter Warrian, with data through 2014. I updated the analysis with data on the 2015 finalists, including basic regression analysis, for a presentation to the James Madison University economics department [pdf: JMU ISA 2014 v4.0].

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Blog on Vacation: For recent go to this blog

This blog will be on vacation until I next teach Economics 244. I continue to periodically post on my joint blog with david ruggles, Autos and Economics at blogspot and as a guest blogger at The Truth About Cars.

Juan Cruz Mayol

After a long drive with 10 gb of Professor Smitka’s personal selection of music that I got to sleep through, we finally made it to Detroit. The change in the car brands seen on the streets was easily noticeable, suddenly our Hyundai Sonata became a minority in between the Fords, GMCs, Chevrolets, Lincolns, Chryslers, and […]

Spring 2014 Texts

I am busy setting up speaker visits on campus and visits to companies and similar events in Detroit. Meanwhile, here are the texts we’ll use:

Heitmann, John and Morales, Rebecca H. (2014). Stealing Cars: Technology and Society from the Model T to the Gran Torino. Johns Hopkins University Press. Vlasic, Bill (2011). Once Upon a […]

SPRING 2014

Four intensive weeks – when we have a speaker on campus we likely meet morning, lunch, afternoon and dinner. Detroit trip: we will leave early Sunday 4 May and return very late Friday 9 May. Cost: The fee for this class is $700.

That covers transportation (rental cars plus gas), lodging (5 nights double […]

CNG

Paul Traub’s presentation for us last week at the Chicago Fed Detroit Branch noted the divergence between the price of natural gas and petroleum (diesel, gasoline). Furthermore, he argued that this differential won’t be arbitraged away. (See a blog by Ed Dolan on the impact on the market from increased exports.)

So what of the […]

Costs in the Japanese auto industry

…it’s not just OEMs…

Monday I was at the award ceremony for the Automotive News PACE Supplier of the Year competition, for which I’ve been a judge for the past 19 years; more on that in a later post. On Friday (19 April) I spoke on the Japanese auto industry at an UMTRI conference in […]

Economics 244 website: Spring 2013

Huntley Room 321, 10:10-11:05 and 1:20pm-3:25pm, Monday – Friday.

I’ve linked this site to the Autos and Economics site on Google’s blogspot. We have 3 on-campus speakers, David Ruggles, Bill Cosgrove and Charles Tomm. We’ll visit a local dealership (Staunton) and a local factory (Roanoke). Then there’s Detroit, from the Heidelberg Project and […]

auto industry picking up

Smitka and Ruggles are keeping busy with auto industry functions. The posts of Ruggles reflect on occasion discussions at one or another specialized industry conference – publications in auto dealership finance and so on make a goodly part of their revenue from running events that bring vendors and industry participants together. [We really ought to […]

New Media, New Marketing

Jack Poor, Guest Post Which media most affects consumer behavior in the Automobile purchase cycle? With the explosion of new and different media options today, it is timely to consider which media platforms consumers are crediting with influencing their automotive buying patterns. In conjunction with The Futures Company (formerly the famed Yankelovich Research company), the […]