![]() Just how strong the demand was in each of these cases had yet to be established. Two manufacturers introduced new “small” cars during 1950, to meet the demand for (1) an economical second car for middle income families and (2) a car whose initial price placed it within reach of many people who previously had to buy used cars. A mild form of this control, requiring a one-third down payment with the balance to be paid within 21 months (three months longer than the wartime version) was restored in September. The most serious event of the year for car salesmen was the reimposition of Regulation W, the government’s credit control bill which had limited purchases during and immediately after World War II. Total 1950 production was 7,987,000 vehicles. The automobile industry in the United States established in 1950 a new all-time production record for the second successive year. ![]()
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