Impact of Oil rates fluctuation on sales of automobile industry

Abstract

This study looks over the ways in which the transport of goods is influenced by significant variations in oil prices and focuses on carrier's responses in the different transport sectors. It investigates the relations between oil prices and the Automobile sector, by taking into account the evidence of the impact of recent price hikes on transport businesses and their response. Indeed, the spike in oil prices in the first half has been taken as an opportunity to carry out an evidence-based analysis of the transport sectors’ reactions.