AUTOS: Under the Counter

George G. Gilbert Jr., president of a Washington plumbing equipment company, wanted a new car—in a hurry. He needed it in his business. How did he get it? A dealer "said he could get me one if I would pay him a commission of $500, which I was glad to do." A few days later, Gilbert drove off in a new 1948 Oldsmobile.

Scores of such under-the-counter deals, which have run new car prices far above list prices, were dragged into the open last week by a House subcommittee in Washington. Detailing their new-car...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

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