STATE OF BUSINESS: Too Many Cars?

For more than a decade, the nation's auto dealers have had one major complaint to file with Detroit: too few cars. Last week, they sang a different song. Across the U.S., dealers complained that they could not sell all the cars Detroit turned out. Texas dealers passed a resolution condemning "the production of automobiles in quantities far in excess of the number which can be orderly and efficiently sold." Kansas dealers, at their convention, called for a production cutback. Even one of the manufacturers joined the chorus. Said Studebaker's Chairman Paul G....

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