Many economists scoffed at installment buying in 1928, blamed it for the market crash of 1929, predicted that it would disappear from U. S. business life. Yet installment selling has withstood Depression better than most other economic devices of the Turbulent Twenties. Particularly has it held its own in the automobile business, as the earnings of two of the biggest automobile finance companies dramatically testify. While nearly every motor company sank into the red manufacturing cars. Commercial Investment Trust and Commercial Credit continued to make handsome profits from financing the sale of the same...
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