Deuce drop

Dave Mellor NJ

Well-known member
In 1929 they made 2 million cars. by 1932 it was down to about 250 thousand. same plants about 1/8th production in 3 years
 

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Depression economics.


From 1929 to 1932, sales of new automobiles fell by 75 percent—and automobile companies had a combined loss of $191 million in 1932 ($2.9 billion in today’s money), or 25 percent of industry sales. This compared with profits of $413 million in 1929, or 14 percent of industry sales. The highly profitable luxury end of the market virtually disappeared. The lower-priced segment grew from 40 percent of sales in 1929 to 80 percent of sales in 1933 and remained at 60 percent through the upturn and beyond. As a result, half the automakers closed down.
 
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