Relationship Between Vehicle Price and its Safety Ratings
Authors: Sahinidis, Alexandros 
Kovac, Vilem 
Xanthopoulou, Panagiota 
Publisher: Sciendo
Issue Date: 28-Mar-2024
Journal: LOGI – Scientific Journal on Transport and Logistics 
Volume: 15
Issue: 1
Keywords: Vehicle safety, Road transport, Automotive, Safety technologies, Market trends
Abstract: 
The objective of the paper is to determine the relationship between a vehicle price and its safety ratings in the Czech Republic for vehicles sold and newly registered in the year 2022. The data collection was performed using content analysis. It was found that in 2022, Škoda Auto vehicles accounted for more than 35% of all newly registered vehicles in the Czech Republic. The evaluation of vehicle safety was performed on the basis of results published on the EuroNCAP server. The findings were used as a basis for performing cluster analysis and correlation analysis of the data obtained. The analysis shows that even though safety plays an important role in the automotive industry, vehicle price is not a decisive factor in achieving higher safety ratings. The findings of this paper have a significant impact on consumers and automotive, showing that the price difference between vehicles does not necessarily correlate with different levels of safety. The limitation of this paper is its focus on the Czech Republic only, which may influence the generalization of the results to other markets.
ISSN: 2336-3037
URI: https://uniwacris.uniwa.gr/handle/3000/2596
Type: Article
Department: Department of Business Administration 
School: School of Administrative, Economics and Social Sciences 
Affiliation: University of West Attica (UNIWA) 
Appears in Collections:Articles / Άρθρα

CORE Recommender
Show full item record

Page view(s)

6
checked on Jul 4, 2024

Google ScholarTM

Check


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.