Automobiles and the National Economy
Popular interest already building up in the 1967 model automobiles, to be introduced late this summer or early in the autumn, shows that the motor car has lost none of its fascination for the American public. Automobiles, in fact, occupy a central place in the nation's life. More than 75 million passenger cars are registered in the United States today. Four of every five households own one automobile, and nearly one of every four families owns two or more cars. Automobile production accounts for one-fifth of the country's entire durable goods production. One of every seven American workers depends on the automotive industry in one way or another for his livelihood.
It is thus not surprising that the fortunes of the ...