Autos: Next: the 10 Million Year?

Auto-company executives, like election candidates, have never been known to poor-mouth their prospects. So when automen early this year talked down economic uncertainties and talked up a robust 9,000,000-car sales year, it seemed like just more chrome from Detroit's brass. Not any more, though. The way auto sales are going, the industry may find itself for once guilty of understatement.

Last week the automakers reported that in August new-car sales totaled 635,101 autos, a 22.8% increase over August 1967 and 4.2% ahead of the all-time record August of 1965. Chrysler led the way,...

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