Federation Internationale De L’Automobile

Legacy Of The U S. Auto Business

automobile

When Were Cars Invented?

After peaking at a record 12.87 million items in 1978, sales of American-made automobiles fell to 6.ninety five million in 1982, as imports elevated their share of the U.S. market from 17.7 % to 27.9 percent. In 1980 Japan turned the world’s main auto producer, a position it continues to hold. By 1927 alternative demand for new cars was exceeding demand from first-time homeowners and multiple-car purchasers mixed. Given the incomes of the day, automakers might now not rely on an increasing market. Installment gross sales had been initiated by the makers of reasonably priced cars in 1916 to compete with the Model T, and by 1925 about three-quarters of all new vehicles were bought “on time” through credit. This in turn required the standardization of merchandise and resulted in the volume production of such commodities as firearms, sewing … Read More