Word: automen
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...From automen all over the U.S. came similar moans & groans. Said one Denver dealer: "Used-car dealers, unless they have a sideline or automotive repairs, will not be able to stay in business." In Detroit, the used-car capital, prices were down an average of $300, with most of the decline occurring last week. Even at that, sales were slow. Though the used-car lots were hit the hardest, new-car salesmen were also feeling the pinch. With the slump in used-car prices, dealers were forced to slash their trade-in allowances. One Hudson dealer in Detroit...
...Stab in the Dark." The sales slowdown caused Kaiser-Frazer Corp. to revise its production schedules to get a firmer footing in the low-priced field. Instead of making two higher-priced Kaisers for every low-priced Henry J, it reversed the ratio. And automen who were talking about raising car prices were taking a hard second look...
...help write the new wage agreement, 45-year-old Chrysler Vice President Lester Colbert sat in on negotiations, the first top production executive to do so in more than a decade. To automen, this was almost as significant as the pay boost...
...forestall any "hoarding" of cars, automen cautioned: "Don't get panicky. There's plenty for everybody." In fact, General Motors Chairman Alfred P. Sloan Jr. thought that the huge demand for cars would soon begin to taper off; he doubted that it would hold at its present peak beyond year...
Spring, which normally perks up the U.S. auto industry's sales, this year brought such a skyrocketing whoosh that automen rubbed their eyes in amazement. The customers were more surprised. Only a few months ago they could have bought all but a few makes from almost any dealer's floor. By last week the rush for new cars was so heavy that buyers will have to wait as long as three months for the most popular makes...