Business: Too Many Cars?

In Grand Rapids last week, auto deallers heard some grim news from Admiral Frederick J. Bell, executive vice president of the National Automobile Dealers Association. In the last year, reported Bell, a total of 1,757 auto dealers have gone out of business in 40 states, and the number is growing each day. The main cause: auto bootlegging, by which some dealers sell new models to used-car dealers for resale below list price, thus undercutting the market.

Bootlegging has grown so serious that Bell's N.A.D.A. has asked the Justice Department in Washington to help stop it. But both Bell and the 47,184 U.S....

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