Ashley Langer, assistant professor of economics in the Eller College of Management, was featured in a May 12 clip on the CBS affiliate in Tucson (KOLD) in which she explains why prices on used vehicles have gone up now more than ever.
Used car dealers in Tucson have noticed prices on used trucks are unusually high. The reason: there is a global shortage of computer chips, which causes automakers to have to cut down on production.
“The combination of supply factors in the new car market and the big increase in demand in the used market is leading prices to be much higher,” says Langer.
Langer’s research evaluates how alternative policy approaches will change environmental outcomes by merging theoretical insights with econometric modelling that allows her to recover the drivers of individuals’ and firms’ behavior. Before coming to the University of Arizona in 2012, she worked at the University of Michigan and the Brookings Institution, and she earned degrees from the University of California-Berkeley and Northwestern University.