AUTOS: G.M. Buys Them Back

G. M. Buys Them Back

Nobody is going to get a dirt-cheap 1942-model General Motors car just because some dealer wants to liquidate his stock in a hurry. G.M. made sure of this last week by telling dealers that it would buy back as many cars as they wanted to sell. Price: dealer cost plus $5 to $15 for each month the car was held after January’s end. Terms: hard cash. G.M. mad? this offer to 1) prevent a wild dealer scramble for the few people authorized to buy cars under the new rationing orders; 2) keep the cars from going to illegitimate dealers; 3) keep regular dealers solvent. Chrysler, Ford, other car makers may soon announce similar schemes.