• Short Summary

    RECORD CAR SALES AND NEAR RECORD PRODUCTION THROUGHOUT THE U.S. HAVE FORCED ECONOMISTS TO REVISE?

  • Description

    RECORD CAR SALES AND NEAR RECORD PRODUCTION THROUGHOUT THE U.S. HAVE FORCED ECONOMISTS TO REVISE PREDICTIONS OF AN ECONOMIC ACCLINE IN 1963.

    CONSUMER DEMAND FOR NEW CARS REACHED AN ALL-TIME RECORD IN THE FIRST 10 DAYS OF NOVEMBER, SO THAT CHANGES MUST BE MADE TO PRODUCTION SCHEDULES FOR THE REST OF THE YEAR.

    THE CUBAN WAR SCARE DID ITS PART IN SENDING THE BUYERS INTO THE SHOWROOMS MAKING OCTOBER A RECORD SALES MONTH WITH 200-THOUSAND MORE CARS SOLD THAN LAST YEAR. PROFITS TO DEALERS ARE UP, WITH INDICATIONS THAT 1962 WILL BE A RECORD YEAR. INCREASED CAR PRODUCTION HAS PROVIDED A WELCOME SHOT IN THE ARM FOR THE U.S. STEEL INDUSTRY.

    GENERAL MOTORS DOMINATED IN TOTAL SALES, WITH MORE THAN 54 PER CENT OF THE MARKET; A GENERAL 10 PER CENT INCREASE OVER LAST YEAR. FORD'S SALES IN OCTOBER SET AN ALL-TIME RECORD. CHRYSLER CORPORATION HAD A 22 PER CENT INCREASE FOR THE NOVEMBER PERIOD WITH ITS DODGE DIVISION UP 33 PER CENT. AMERICAN MOTORS, SHOWING AN 11 PER CENT INCREASE, HAS STEPPED UP ITS NOVEMBER PRODUCTION SCHEDULE, AND WILL EMPLOY 17-HUNDRED MORE WORKERS AT ITS WISCONSIN ASSEMBLY PLANT.

  • Tags

  • Data

    Film ID:
    VLVA8FCXF0YG1OY00YSSCIBPWBG5P
    Media URN:
    VLVA8FCXF0YG1OY00YSSCIBPWBG5P
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    25/11/1962
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:42:00
    Time in/Out:
    /
    Canister:
    N/A

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