Word: dealership
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...tidy profit. Next, he set up as a car and truck importer, bought sight unseen a shipload of tractors for $833,000, which he did not have. Before the ship docked, Milner had sold the tractors for $998,000. Eventually, he acquired four Chevrolet agencies and one Pontiac dealership, and became one of G.M.'s biggest-volume dealers...
...Mecham, a slight man with a folksy twang, came across better. Born on a Utah farm, he was a high school salutatorian, a World War II P-51 pilot who was shot down over Germany and held prisoner, a self-made businessman who built up a 100-employee Pontiac dealership in the Phoenix suburb of Glendale. He teaches in a Mormon Sunday school, has seven children...
...Association. They protested that installment credit regulation is a matter for state and not federal control. A more candid objection to the Douglas bill came from a subcommittee member. Said Utah Republican Wallace F. Bennett, who owns a paint and household supply company as well as a Ford dealership in Salt Lake City: "The truth is that consumers have mistakenly been led to believe that 6% is the fair interest charge for credit. A statement of annual rates of 18% will be suicidal for retail merchants...
...that the giants can outsell their competitors. Dealers point to their own slim earnings and to General Motors' 8% net profit last year. "When it became apparent we were in trouble," complains Denver's Bob Jones, "I went to the Ford people and tried to pull this dealership down to 75 units a month. But they said no, that I had to sell 160 new cars and 40 trucks each month. They are going to have to teach cats and dogs to drive to ever sell the number of cars they want to produce and push...
...worth own store there. Young Allan went to Lawrenceville preparatory school and La fayette College, learned to value nickels by working in the store on holidays for 5? an hour. After a World War I stint in the Navy, he returned to build up a thriving Chrysler auto dealership. The turning point in his career came in 1935, when his father's tax lawyer, Walter Orr, introduced the young businessman to another ambitious young man, Bob Young...