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Editorial
July 23, 1937
The Bismarck Tribune
Bismarck, Mandan, Burleigh County, Morton County, North Dakota
What is this article about?
Editorial observes that strong used car market signals prosperity in auto industry, with low-income buyers taking traded-ins to enable new purchases by others; over half owners use used cars, boosting oil demand.
Clipping
OCR Quality
98%
Excellent
Full Text
Used Cars and Prosperity
That prosperity has come to the automobile industry is reflected—so automobile men say—by the manner in which used cars are moving. That means the low-income families are coming into the market and taking over the vehicles traded in by those who are better fixed. Thus the lower income brackets assist those above to the purchase of new cars, for the "trade-in allowance" is an important consideration in most deals.
The fact is, according to the American Petroleum institute, that more than half the automobile owners in the country are operators of used cars, some of them having been handed along three, four and even more times.
And how the oil industry must welcome all those gas and oil eaters on the country's roads.
That prosperity has come to the automobile industry is reflected—so automobile men say—by the manner in which used cars are moving. That means the low-income families are coming into the market and taking over the vehicles traded in by those who are better fixed. Thus the lower income brackets assist those above to the purchase of new cars, for the "trade-in allowance" is an important consideration in most deals.
The fact is, according to the American Petroleum institute, that more than half the automobile owners in the country are operators of used cars, some of them having been handed along three, four and even more times.
And how the oil industry must welcome all those gas and oil eaters on the country's roads.
What sub-type of article is it?
Economic Policy
Trade Or Commerce
What keywords are associated?
Used Cars
Automobile Prosperity
Trade In Allowance
Oil Consumption
What entities or persons were involved?
Automobile Industry
American Petroleum Institute
Low Income Families
Oil Industry
Editorial Details
Primary Topic
Prosperity In The Automobile Industry Via Used Car Sales
Stance / Tone
Positive Observation On Economic Activity
Key Figures
Automobile Industry
American Petroleum Institute
Low Income Families
Oil Industry
Key Arguments
Brisk Used Car Sales Reflect Prosperity In Automobile Industry
Low Income Families Buy Traded In Vehicles, Aiding Higher Income Purchases Of New Cars Via Trade In Allowances
Over Half Of Automobile Owners Operate Used Cars, Often Passed Multiple Times
Oil Industry Benefits From Increased Vehicles On Roads Consuming Gas And Oil