Willingness to pay for vehicle safety features. Phase 2 report
Publication details: Canberra Australian Department of Transport and, 1992; Communications, ; Federal Office of Road Safety. CR 112, Description: 100 sSubject(s): Bibl.nr: VTI P0643:112 VTI 2002.0734:2Location: Abstract: This report examines the amount which Australian car buyers are willing to pay for vehicle safety features that protect occupants in the event of a crash. A series of questionnaires, targeted at private car buyers, fleet managers and car renters, were developed to determine the amount that new car buyers are willing to pay for a package of safety features including an air bag, and a package of the same safety features, but without an air bag. Across all surveys the willingness to pay for the air bag and non-air bag packages was found to be high. It was estimated that over 80% of new car buyers would be willing to pay the best estimate retail price or more for both the air bag and non-airbag package. Factors, which appear to be related to willingness to pay, include age, sex, household income and size of car.| Current library | Status | |
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| Statens väg- och transportforskningsinstitut | Available | |
| Statens väg- och transportforskningsinstitut | Available |
This report examines the amount which Australian car buyers are willing to pay for vehicle safety features that protect occupants in the event of a crash. A series of questionnaires, targeted at private car buyers, fleet managers and car renters, were developed to determine the amount that new car buyers are willing to pay for a package of safety features including an air bag, and a package of the same safety features, but without an air bag. Across all surveys the willingness to pay for the air bag and non-air bag packages was found to be high. It was estimated that over 80% of new car buyers would be willing to pay the best estimate retail price or more for both the air bag and non-airbag package. Factors, which appear to be related to willingness to pay, include age, sex, household income and size of car.