Word: showrooms
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...cylinder engines, the new autos are expected to get about 26 m.p.g. in the city and 43 m.p.g. on the highway. While the economy and styling of the J-cars are appealing, the prices are likely to be shocking to buyers who have not recently been in an automobile showroom. The Cavalier will carry a base sticker price of about $7,000. The J2000 will cost several hundred dollars more...
...month new car loan. Now the interest rate is 16.05%. That can add as much as $50 to a car payment every month. Says Detroit Ford Dealer Mel Farr: "People want to buy cars, but they can't because of the basic high cost and the interest rates. Showroom traffic has just died. It is really depressing...
...Silver Shadow to the $155,800 Corniche convertible, has found that inflation and recession are slowing down even the superrich. The three-year waiting list for its cars in Britain has evaporated, and a buyer with the money can now walk in and get one right off the showroom floor. U.S. sales in 1979 fell off 10%, to 1,002. Moreover, Rolls' diesel-engine division is in trouble, mainly because a $150 million contract to make Iranian tank engines fell through when the Shah was overthrown. Overall, profits before taxes fell 50% last year, to $15 million, on revenues...
...complete line of autos no larger than the compact Ford Fairmont. But the enormous complexities of the industry prevent it from modernizing any faster than that. New small cars with totally redesigned engines and transmissions require new plants and facilities to build them. The time from drawing board to showroom floor can take up to seven years...
After the indictments, a fire gutted the Fort Lauderdale showroom of Bond Plumbing Supply, the firm whose office manager had blown the whistle on the operation. Fort Lauderdale Fire Captain Stanley Janson said that the blaze was set by arsonists...