Word: cleanups
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...Cleanup. Once unleashed, however, the forces were difficult to harness. To this day, the nation remains in disarray. Last month, with the aid of the army, the regime launched a "big cleanup." Since then, there have been reports of mass arrests, public trials and even executions of "factionalists, reactionaries, anarchists, saboteurs and opportunists." It is unclear whether the campaign is intended simply to put China's house in order for the Oct. 1 anniversary or whether it is part of the army's larger, long-range drive to restore peace and order...
...same performance. The same luxury. The same Chrysler. But at a final clearance price." Carmakers offer trips to Hawaii or Puerto Rico for the most successful salesmen and their wives; the salesmen smile more and persist longer with customers. That is what happens during the annual automobile "cleanup, when automen are anxious to get rid of last year's cars and prepare the public for the coming year's models...
Only Right. Carmakers grant rebates to dealers on autos sold during the cleanup. The average rebate is $200, but it can run much higher on expensive models. This bonus is what enables dealers to pare prices in late summer. It is only right that the buyer pay a lower price than usual because a car sold late in the model year has already suffered a good deal of depreciation; in a few weeks it will be "last year's car," worth about $700 less for a compact and $2,000 less for some luxury models. During the next...
...usually good buy is a demonstration car, which is driven by auto salesmen for test runs and sold late in the year. These cars, ordinarily well cared for and loaded with optional equipment, are generally the last to be sold, but they often go at prices well below the cleanup levels. Most dealers get a 50 rebate from the manufacturer for every mile shown on the speedometers of their demonstration cars, and they may be willing to pass on the saving to the customer. A $3,100 Chevrolet Impala with 5,000 miles, for example, may cost the dealer only...
...Local conditions vary considerably, but on a national basis, Chrysler and American Motors face the biggest cleanup problem. Their supply of unsold new cars, compared with the recent rate of sales, is substantially larger than that of either General Motors or Ford. Chrysler, for instance, is overstocked with both standard and top-of-the-line Plymouths and Dodges partly because G.M. has made inroads into Chrysler's share of the market among taxi and car-rental companies...