Business & Finance: No Sale

The slump in used-car sales and the high price of new cars brought spring rumors that the big motormakers would soon bring out light cars priced at about $1,000. Last week young Henry Ford II followed General Motors in scotching the rumor. Ford is not considering such a car, he said, because motorists "want the best they can get for their money and are too accustomed to the convenience and ease offered by standard-size cars." The average length of motor trips is almost twice what it was prewar, said Ford, and the public is all in favor of the bigger...

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