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 swingwith 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...
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