year-over-year

[vil]

Dear teachers,

Today I read NYT’s article “As Gas Costs Soar, Buyers Flock to Small Cars” where I noticed an interesting expression.

Would you be kind enough explain to me the meaning of the expression in bold in the following brief excerpt?


Could I replace the expression in question with the term “trend”?

“That is an incredible year-over-year drop,” said Tom Kloza, the organization’s chief oil analyst. “Some of it clearly has to do with changes in the vehicle fleet.”

Thank you in avance for your efforts.

Regards.

V.

[bhaisahab]

Dear teachers,

Today I read NYT’s article “As Gas Costs Soar, Buyers Flock to Small Cars” where I noticed an interesting expression.

Would you be kind enough explain to me the meaning of the expression in bold in the following brief excerpt?


Could I replace the expression in question with the term “trend”?

“That is an incredible year-over-year drop,” said Tom Kloza, the organization’s chief oil analyst. “Some of it clearly has to do with changes in the vehicle fleet.”

Thank you in avance for your efforts.

Regards.

V.

Hi vil,
I would think that it means a drop (in sales?) from one year to the next.

But you might be better to wait for a response from one of the American members.

[susiedqq]

year by year; from one year to the next.

I don't know if it would qualify as a trend. It certainly is being watched whether it becomes a trend.

[vil]

Hi bhaisahab,

Thank you for your prompt reply as well as for your metaphrastic explanation.

Regards.

V.

[vil]

Hi susiedqq,

Thank you for your explanation.

My inward feeling puts importunately words in my mouth and as a result of that loomed into sight the airy notion about “trend”. We are not entirely unjustified in saying that based on the following definition of the expression in question which I found in an Investment Dictionary..

A method of evaluating two or more measured events that compares the results of measurement at one time period with those from another time period (or series of time periods), on an annualized basis. Year-over-year comparisons are a popular way to evaluate the performance of investments. Any measurable events that recur annually can be compared on a year-over-year basis - from annual performance, to quarterly performance, to daily performance.

Year-over-year performance is frequently used by investors seeking to gauge whether a company's financial performance is improving or worsening.

Year Over Year - YOY: Definition and Much More from Answers.com

Regards.

V.

[susiedqq]

I think that the subject matter -cost of gas - is too volatile an issue to even discuss "looking for a trend."

If gas goes down, people will buy gas-guzzling cars within 6 months. If gas continues to rise, more people will be riding bikes or motor bikes or even (gasp!) car-pooling!

[vil]

Hi susiedqq,

Thank you for your perseverance. I agree with your significant deduction concerning the matter in question. Not for nothing you have a casting vote in our pool.

Thank you again for your kindness.

Regards.

V.