A couple of interesting take-aways from this photo...
Notice the little bags hung on the headlight bar. I wonder what those contained?
Note the nice finish under the fenders, and the level of sheen. The same applies or the reflection in the door and quarter panel.
We can only imagine how bright the light under the line that was used to illuminate the undercarriage. Kinda looks like a cross between a Pierce-Arrow headlight and a 28/29 Commercial Model-A headlight.
Yes , look how clear the reflection of the guy working on the second car in line is in the side of the car. As for the underside of the fenders, were they still dipped in enamel in ‘32? That would account for the underside matching the tops.