Word: unsold
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...apartment between March 13 and Dec. 31. The buyer will be allowed to subtract from his 1975 tax bill 5% of the purchase price, up to $2,000. Construction of the house must have begun by last Tuesday. Though this provision may help reduce the backlog of 600,000 unsold new homes and condominiums, it could hinder the sales of older houses. Cost to the Treasury: $600 million...
...Golden Knights fell apart after Bolduc's onslaught between 9:06 and 17:28, and managed to justify the 300 unsold tickets Clarkson returned to the Harvard ticket office this afternoon. The relatively empty Watson Rink was treated to a scoring fest in the third period as the two squads combined for ten goals...
...year so that dealers will have enough cars to sell. Early in 1974, Chrysler, like the other automakers, geared its production plans to the then widespread forecasts of a year-end economic upturn. But the economy slammed down, and Chrysler was caught with a massive, 135-day backlog of unsold cars by year...
...sales.* Chrysler lost so much money in the last three months of 1974 because sales and production were running far under the company's breakeven level of some 275,000 cars per quarter (current quarterly production rate: about 140,000 cars). But the company's backlog of unsold cars is now gradually approaching a normal level of 80 days or so, which means that Chrysler could be able to increase production modestly this spring-if sales pick...
Hurt Profits. Detroit's costly gamble on cash rebates has helped to pull down the huge backlog of unsold cars, which stood at a 110-day supply in early January and hovers around 92 days at present. But profits have been hurt, many plants remain closed and fully 245,000 employees-31% of the industry's hourly-paid labor force-are currently laid off and the rebate programs are scheduled...