Premium Essay

Mustangs

In:

Submitted By keller22
Words 878
Pages 4
Executive Summary

This project will be focusing on 35 Ford Mustangs with a multitude of variables. The variables include price, age of car, mileage, transmission, air conditioning, amount of cylinders, vehicle color, ownership style, body style, and model type. This study will also determine if the mean price of the vehicle is dependent upon the previously mentioned variables excluding vehicle color; identifying variables of significance. Highlighting the significant variables and how they affect price will serve as a tool assisting the company with pricing future Ford Mustangs.
Ford Mustangs
Tom has currently opened a used car dealership. Previously Tom repaired and collected older model cars as a hobby and recently decided to turn his hobby into a career for himself. Tom has a great deal of technical understanding concerning car parts and how to repair certain vehicle parts. However, Tom has little to no experience on the business end of owning a car dealership. It has been reported that Tom’s asking prices for his vehicles are not aligned with the average market price. Ultimately, Tom does not base his prices on the used car market price; instead he bases it on assumptions. For example, Tom thinks, red cars give the impression of being “sportier and can sell at a premium,” he also believes older models normally sell for less. After much dismay and inaccurate rates in sells, Tom tries to systematically price his Mustangs, but due to the multitude of variables, Tom found this task challenging. (Bowerman, 2003, p. 3)

This report will provide information obtained through hypothesis confidence intervals and hypothesis testing, multiple and simple regression models, descriptive statistics, and historical background information pertaining to Tom’s Ford Mustangs. This report will pay close attention to the possible relationship between the dependent

Similar Documents

Premium Essay

Mustang Research Paper

...The Mustang The dreams that become reality are always the best. A 2 door sports car was that dream for Lee iacocca. The mustang has been a favorite among families since it came out in 1964. It's a lean, mean, tire shredding machine and can make anyone smile is used right. To this day the mustang is one of the highest selling sports cars in america and has remained that way since the mid 60s the mustang is the most iconic cars since the 60s to today. The Mustang was released on April 17,1964, and from the day they hit the lots they were a hit. In the opening year they sold 418,812 mustangs and made just over 1.1 billion dollars in profit alone. The general manager at the time was Lee Iacocca and he had 2 main sources of motivation. The first was the cars that chevy had been producing. The second was in...

Words: 494 - Pages: 2

Premium Essay

Ford Mustang Research Paper

...2017 Ford Mustang EcoBoost Ford Mustang is presently the most effective muscle vehicle on the marketplace. Having sophisticated innovation in all sections, Ford its 'pony icon' made ideal for the 21st century. 2015 Ford Mustang is upgraded specimen of best pony vehicle, which in addition to efficiency offers and excellent fuel economy levels. Providing the Ford Focus RS design with the EcoBoost engine, from the Mustang design, the Ford business, as jumped itself in the tummy. 2017 Ford Mustang will certainly a minimum of catch the modifications which connect to the powertrain. Obviously, offered that the Ford chooses, that the enhanced horse power, is exactly what clients desire and from 2017 Ford Mustang designs. To the concern exactly what the problem has to do with, when it pertains to the 2017 Ford Mustang design is extremely easy with a similarly basic response. As in many scenarios in life, continuously taking on somebody since of something. In motor sport it is clear that it has to do with the horse power and efficiency. Some car supplies them, while this other do not. To make things much more complex, the 2 designs of the exact same producer, with the very same engines, and numerous output power!...

Words: 442 - Pages: 2

Premium Essay

Mustang Shelby G350 Research Paper

...For more information on the Mustang Shelby GT350, head over to Bud Clary Ford of Moses Lake. Bud Clary Ford of Moses Lake helps you enjoy a better buying experience, one where you will secure the right vehicle for your everyday needs and budget. The Mustang Shelby GT350 offers amenities not found in other vehicles, so learn more or schedule a test-drive. Mustang Shelby GT350 offers state-of-the-art technology The 2016 Mustang Shelby GT350 near Richland has a comfortable interior that can make your next road trip easier and more enjoyable. The Shelby GT350 is built with state of the art technology such as dual zone climate control, which you and your passenger to be comfortable even if you can’t agree on the temperature. The Sync 3 interface allows you to better monitor your entertainment features. The Shelby GT350 is perfect for the music lover as it is built with seven-speaker sound system and SiriusXM satellite radio. SiriusXM satellite radio gives you access to hundreds of music, sports and talk channels. Your personal music library will always be with you as the Shelby GT350 is built with iPod connectivity. Mustang Shelby GT350 built to help you enjoy open road...

Words: 489 - Pages: 2

Free Essay

Mustang Ranch

...latex condoms for all sexual activity and mandatory testing “for sexually transmitted diseases, including HIV” (p 4) were required of all the women. Alexa wanted to focus on the latex condoms since “hard data on the efficacy of condom use in preventing HIV infection was scarce, and the issue was complicated by the very real problem of condom slippage and breakage” (p 5). Her focus on the Nevada brothels made since, because the women working in the brothels had multiple sex partners yet there were no reports of HIV transmission within this community. By staying at the Mustang Ranch and talking to the prostitutes she managed acceptance from a community where non-working women in the field was normally not tolerated. By collecting the prostitutes used condoms she was on her way in analyzing data for her study. Although the initial purpose of her study was condom use, she spent so much time with the women of Mustang Ranch that she started looking...

Words: 271 - Pages: 2

Premium Essay

Pert Mustang

...of BASS Bennett Auto Sales and Service (BASS) sells and services several American and Japanese cars, and owns two auto parts stores, a large body shop, a car painting business and an auto salvage yard. The owner of BASS, David Bennett, built the business into a successful empire upon inheriting it from her father. Her motto is to “Sell em today, repair em tomorrow”, implying that repeat customers and high customer loyalty is their secret to success. Currently, Bennett is interested in expanding the business via restoration of vintage automobiles. In order to assess the practicability of this idea, she wants to restore her 1965 Shelby Mustang GT 350 to mint condition. The Mustang will serve as an advertisement for the new restoration business she plans to start and will be taken to auto shows and exhibits to attract business. The Mustang restoration project involves 22 activities (from A-V) and needs to be completed within 45 days so that the car can be displayed in an auto show at Detroit. Roberts wants the new business to appeal to both types of people, as follows: * For the first group, she envisions serving as parts broker for ‘new old stock’(NOS), new parts that were manufactured many years ago and are still packaged in their original cartons. They could even machine new parts to replicate those that are hardto find or no longer in existence * For the second group, BASS would assemble a library of parts and bodymanuals for old cars to serve as an information...

Words: 2928 - Pages: 12

Premium Essay

Informative Speech On Mustangs

...Mustangs are beautiful animals, they look very cool and calm creatures. But they are calm but furious animals. With a ferocious back kick, its super fast agility, I don’t think you will want to touch these animals ever in your life Facts Mexico brought mustangs to America. They grow up to 5 ft and about 700 to 1,000 pounds. There average lifespan is usually 25 to 30 years old. They are vegetarians, they eat grass and plants. Male mustangs are called stallions and females are called mares. A baby male is called a cult and a female baby is called filly. Mustangs are mainly called feral horses though. Threats Wild horses have lots of threats and predators on them. As far as predators go they have a lot, such as wolves, coyotes, Mountain...

Words: 341 - Pages: 2

Premium Essay

Mustang Research Paper

...Major #1-Research In the mid seventeenth century there was between two and four million Mustangs in the world. Now there is only about 50,000 of them living today because of “mustangers.” Mustangers go around rounding up the mustangs and begin taking them to the slaughter house. After many attempts, the congress passed the Wild Free-Roaming Horse and Burro act in 1971. According to National Mustang Association.com the Wild Free-Roaming Horse and Burro act in 1971 states that wild horses are a living symbol of history of the Wild West, contributing to the diversity of life forms within the nation. There is 264 million acres of public lands for these contributed by the Bureau of Land Management(BLM). With this much land it will help with...

Words: 847 - Pages: 4

Premium Essay

Brand Element

...(Kotler, P., & Keller, K., 2012, p 250) When someone sees a blue cross they know it is a Ford emblem and when some sees that horse running they know it is the mustang emblem. The Ford Mustang is a very memorable car with very memorable because of commercials and getting their name and brand out to customers. Ford Mustang also has adaptability which is, “How adaptable and updateable is the brand element.” (Kotler, P., & Keller, K., 2012, p 250) Ford comes out with a new model every year and change something each time like the body style, engine, or interior. A lot is put into the engine over the past few years because of gas prices rising, so Ford and every other car maker is try to get the best miles per gallon as they can. Another brand element that would be beneficial for Ford is protection with air bags, seatbelts, and running many crash test with every type of vehicle. Protectable is, “How legally protectable is the brand element.” (Kotler, P., & Keller, K., 2012, p 250) USNews ranks vehicles on safety and tells the safety features of each vehicle. The 2013 Ford Mustang offers driver air bag, passenger air bag, side air bag, 4-wheel ABS, 4-wheel disc brakes, electronic stability control, traction control, and emergency trunk release as their safety features. Out of five stars the 2013 Ford Mustang scored four in Overall Rating, four in Frontal Crash, four in Side Crash, and five in Rollover. In 2012 Ford created a new brand promise, “Go Further,” while...

Words: 568 - Pages: 3

Free Essay

Smells Like Advertisement

...Smells like Advertisement Advertisements are a hooking device for many people. They manipulated their intending audience into purchasing products that most people do not need but are convinced otherwise. In this case, both advertisements are similar in product but differ in the audience that is being targeted and in the method they approach or lure the intended audience. Many woman and men buy all types of perfumes in order to attract a suitor. Since the sense of smell is the strongest of all our senses, it triggers our memories and makes people unforgettable and associated with a particular smell. Men’s colognes attempt to replicate a musky smell, while women are usually sweet smelling like a fruit or flower. These colognes and perfumes come in wide varieties of smells and brands and thus are very competitive in the advertisement field to capture the attention of their potential customers. The first one is the “Promesse” advertisement about a French perfume. The advertisement is composed of a young couple in a warm embrace. However, they seem to be separated by a small barrier as they lean forward their lower bodies are as far away from each other as possible. It seems that the simple and almost unnoticeable barrier diminishes the potential sexual scene and reduces it to an innocent encounter between a man and a woman. The man is dressed is a black suit, juxtaposing the white dress of his counterpart. His profile and joyful expression on his face mirrors the one of...

Words: 987 - Pages: 4

Premium Essay

Classification Essay on Cars

...powerful, and better as it relates to cars. They are not satisfied with the original look or the capabilities of the car. So, they choose to make additions to the original make of the car birth out of an obsession for the need for more speed and power. Hence, we end up with what we have today and what are known as sports cars and racing cars. Manufacturers now push the limits of these sports cars by continuously testing them and their abilities, pushing them to see how much more they can take. There are many manufactures and specialist of sports cars. Some of these include, Cunningham (USA), Chaparral Cars (USA), Westfield Sportscars (UK), Wiesmann (Germany), Pagani (Italy), and Superformance (USA). One type of sports car is the Ford Mustang. The 2012 version of this car is ranked as the number one sports car in the U.S. It receives rave reviews for its performance and fuel economy but it receives a lot of criticism for its cramped back seats and interior quality. Another type of sports car is the Chevrolet Camaro. The 2012 Chevrolet Camaro is looked at...

Words: 924 - Pages: 4

Premium Essay

American Muscle Speech

...main points: 1. Today I will discuss the muscles cars of Ford, 2. GM 3. and Chrysler Transition: “Now let us start our engine with Ford in the American muscle race.” II. Body A. Ford motor company 1. History I. Ford motor company was created in June 16, 1903 when some investor decided to sign article of incorporation for Ford motor company. II. The company was founded by Henry Ford Sr. III. Ford had the very first moving assembly line in Michigan 2. The very first car that Ford had was the Model T and rapidly became Very popular. 3. Mustang I. Henry for had innovative for the things he created and had many cars in the muscle car race but it most popular came in 1964. In 1964 ford came out with the mustang. II. The early mustangs did not...

Words: 970 - Pages: 4

Premium Essay

International Marketing

...“Carmakers Target Gen Y” Jacob Jasper Barnes, III Strayer University – Lower Bucks County Campus Dr. Gary White MKT 505 – International Marketing August 12, 2012 1. Explain the strategy behind Asian automakers targeting Gen Y. Asian automakers have are targeting the young generational consumers referred to as the Gen Y for many different reasons. Amongst the many reasons is the sky-rocketing price of gas. The young generation is becoming more sensitive to cost than ever before. They want to spend less and get more, if possible. They have found that high priced gas guzzlers are not so popular anymore. With the price of gas being at an affordable standstill for years, it means that Asian automakers now have the opportunity to target young US consumers that are looking for small, reliable, and fuel efficient vehicles. According to a survey conducted by Consumer Reports National Research Center, 2012, it shows people are driving less and looking for more fuel efficient cars. Asian automakers understand that America is in a crunch so people are looking for more but for less. Their aim is to introduce lines of vehicles that are not only fuel friendly but are pocket friendly as well. As stated by consumer affairs “There are 64 million Gen Y buyers coming into the marketplace," stated by Jim Lentz, Toyota's group vice president and general manager. "We know when they come to market to buy a vehicle, new or used, they will spend on average about $15,000." So Asia figured...

Words: 1238 - Pages: 5

Free Essay

Camaros

...Directions: Think about individual products and the company that makes them. Describe three generations of that product (past, present, and future). Then in a multipage write-up, answer why was there change, what changed, and what will be the challenges and issues (business and technical) of the future generation. On September 12, 1966, General Motors first displayed a preview of their next generation car, the Camaro. There were two main reasons why General Motors came out with this car. First, General Motors was trying to create a new type of car to satisfy consumer’s desire for a strong and faster type of car. Second, it was General Motor’s way to compete with Ford’s new Mustang. When the Camaro first came out, it was classified as a compact car. However, they later changed the classification to a pony car, and it has been seen more as a touring car, sports car, or muscle car. Along with the changes in names, there have also been many changes in style, technology, features, and specifications. General Motors is now in production of their 5th generation Chevrolet Camaro. On January 6th, 2006, General Motors started brainstorming ideas and concepts for this new generation car with a new body, wheelbase, engine, transmission, suspension, and much more. After two years of designing, engineering, manufacturing, and problems, on July 21, 2008, General Motors officially unveiled the production of the 2010 5th generation Camaro. This new generation Camaro was able to enhance...

Words: 818 - Pages: 4

Premium Essay

Memoir

...that life belongs to you? It becomes the most important thing in this world, or at least it should. We all take our lives for granted, but who is to say when it will end. Maybe tomorrow or in 50 years. No one knows. It was two weeks before school was out, the last two weeks of my senior year in high school. It was a Thursday afternoon, on the last week of May. Nothing out of the ordinary, it had rained a little bit and it was cloudy. I was going to go shopping for a new car in the DFW. I got out of school an hour before everybody else in High School. I had early release or flex period as the High School used to call it. My dad had taken my truck so I had to drive the family SUV to Arlington to take a look at a beautiful night-dark Ford Mustang I had spotted browsing around on the web. The road was a little wet, but I had plenty of experience driving on that kind of weather. It was just another road trip. I had been on the road for about 20 minutes, and was less than 5 miles away from the city of Denton when the accident happened. I was driving East-bound on highway 380, at 65 MPH when my SUV lost traction and began to hydroplane on the two-way road, and it slid right into oncoming traffic. I turned the wheel to the left as fast and far as I could to avoid the head on collision and it worked just fine, however it sent me off the road into an unavoidable rollover. A wooden pole stopped the out-of-control SUV as it was about to go into the first flip. It saved my life. I got out...

Words: 551 - Pages: 3

Premium Essay

Creative Writing: The Mustang

...The Mustang Growing up all we ever want to do is be adults. we figure there is no school, no parents and freedom. Each milestone is almost new life for kids. There is the big ONE-THREE, the teenage years. Then of course 16 is when we start thinking are car is coming our way, but then 18 hits and we are free to do as we please (so we think). Then there is 21 and all we want to do is party like a rock star. At of all that I feel 16 was my favorite. I was very fortunate when my parents buy me car. Although my car wasn’t the most expensive thing on the street, it sure was to me. It was a 1998 midnight blue Ford Mustang. she was a beauty. The Mustang was midnight blue during the day and black at night. Almost as if I had two cars. Then of course...

Words: 343 - Pages: 2