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Second Hand Car Prices
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| Submitted: Thu Jul 11 2002
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SUMMER 2002 SECOND HAND CAR PRICES Hypothesis THE VALUE OF A USED CAR DECREASES EXPONENTIALLY WITH ITS AGE. By exponentially it means that a graph of a certain make of car, its price on one axis and its age on the other, would show a curved decrease in price over a period of time as shown in the example on the following page. The following experiment is being conducted to help and assist people who are buying and selling cars in magazines such as "Auto Trader". Approach Throughout the project I have referred to the second hand car sales pages in the magazines "Auto Trader" and "Exchange & Mart" (in the local paper) for data. In these, I found a wide range of data over three weeks from which to select the type of data required. I selected relevant pieces of data in each age range for the Mercedes C-Class. If there was not enough information...
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