The report of the Studebaker Company for the first quarter of 1923 establishes a new high company record for sales of Studebaker cars. Studebaker disposed, during this period, of 38,211 cars, against 22,801 in 1922 an increase of 67.6%. Net profits this year were $6,170,971, against $4,069,848 in 1922. Increased cost of materials and labor is stated to have been offset by economies incident to the increased volume of production. All plants are now operating at capacity, with sales absorbing the current output.
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