Hedonics of Used Car Attributes on Market Price

Authors

• Alexander Bent, University of Nevada, Las VegasFollow
• Jason Gutierrez, University of Nevada, Las VegasFollow

Files

Description

This analysis of hedonic price attributes uses Rosen’s paper on hedonic pricing as a framework to analyze the determinants of used car prices found in Craigslist. Using cleaned data, we see over 43,000 listings from 2005 to 2020 and investigate factors that affect used car prices and how they interact in this market. Results show that odometer readings and condition are the strongest factors that influence price, while manufacturers, paint color, drive type, fuel type, size, and year are adverse and depend on perceived attributes, consumer preferences, or market conditions.

Publisher Location

Las Vegas (Nev.)

Publication Date

Spring 4-17-2026

Publisher

University of Nevada, Las Vegas

Language

English

Keywords

Hedonic Pricing; Log-Linear Regression; Econometric Analysis; Used Car Market; Price Determinants

Disciplines

Business | Economics | Marketing

File Format

PDF

File Size

1080 KB

Comments

Mentor: Djeto Assane

Recommended Citation

Bent, Alexander and Gutierrez, Jason, "Hedonics of Used Car Attributes on Market Price" (2026). Undergraduate Research Symposium Podium Presentations. 76.
https://oasis.library.unlv.edu/durep_podium/76

Rights

IN COPYRIGHT. For more information about this rights statement, please visit http://rightsstatements.org/vocab/InC/1.0/