Since 1900, over 1,000 companies have entered the motorcar business. Most were of the mushroom variety, and soon vanished. By 1920 only 77 companies remained active; in 1924 only 74 active makers remained, 28 of which did 96% of the business.
Now motor competition is entering still another phase, with drastic price cuts by Buick and Studebaker. Makers are now divided into two classes: those who manufacture their car parts, and those who assemble parts purchased from other concerns. Naturally, production costs of the first group are regularly under those of the second— a...
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