Correlation Between GDP per Capita and Vehicle Sales in the Context of COVID-19 Pandemics
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Technická Univerzita v Liberci
Technical university of Liberec, Czech Republic
Technical university of Liberec, Czech Republic
Abstract
The wealth of the country can be measured by the GDP per capita. The sales of passanger cars and light utility vehicles are of major economic importance for the EU countries. The present parper studies if there is a correlation between the GDP per capita and the car sales in selected central European countries. This potential correlation is further studied in the context of the negative impact of the COVID-19 pandemics that occured in 2020 in the EU. The focus region for this study is the central European Union countries. They have different economical strength and react differently to external influences. In Austria the correlation measured on combined sales of passenger cars and LCVs strengthened with the start of pandemics, in Hungary there was no impact and the correlation weakened in Slovakia.
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GDP per capita, car sales, correlation, Covid-19 pandemics
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978-80-7494-627-1