Business: Satisfactory Results

Between March 5 and March 12 U. S. automobile manufacturers spent $1,250,000 and their dealers spent perhaps an equivalent sum in the first concerted drive the industry has ever put on—National Used Car Exchange Week (TIME. March 7). Because there are 46,000 registered automobile dealers in the U. S. and an indeterminate number of independents with lots full of jalopies, statistics of their trade are never very precise. Estimates of the used car glut on March 5 ranged from 700,000 to 1,000,000, with the latter figure probably the more accurate (normal: 500,000)....

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!