NO PRICE WAR.
U.S. MANUFACTURERS AGREE.
UPWARD TREND LIKELY.
The threat of an automobile price war in U.S.A. has been averted. Automobile manufacturing has been inventoried, deflated, liquidated and readjusted in so many ways and so many times since slump conditions set in, that the industry has had to call a halt ill revising prices downward. On the contrary, manufacturers claim that prices should go up instead of down, when the added value that 1032 cars represent is taken into consideration. Both motor and tyre manufacturers maintain that, although wages and production costs have been cut to a minimum, competition has forced prices down so low that profit has vanished.
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Bibliographic details
Auckland Star, Volume LXIII, Issue 139, 14 June 1932, Page 14
Word Count
110NO PRICE WAR. Auckland Star, Volume LXIII, Issue 139, 14 June 1932, Page 14
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Acknowledgements
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