Business: Counting the Cars

As the auto industry tooled down the last lap of its second-best year in history, the annual numbers game of forecasting 1961's production and sales was in full swing—with automen taking the high road and Washington economists the low road.

A drop to 5,800,000 cars in 1961 production was predicted last week by the Business and Defense Services Administration of the Commerce Department. The BDSA's reasons: "The unemployment situation and unsettled business conditions," plus the fact that dealer inventories at the close of 1960 will be bulging with some 1,000,000 unsold cars, about 500,000 more than a year ago. (The...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

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