Show I I Autos Is IsH H Output Year 1923 3 fade ode ade Experts Estimate Production Production tion at Best in History 1 ew York Time orl The The manner In which the ther and sale of automobiles Is r dIng jug ding up at this season of the time year ear even the most optimistic tiers ers In the Industry When hen an ou out out- of approximately cars in first first tirs ten months of the current year reported predictions were made mud madet t tithe the demand for 1023 1923 had virtually 3 n a satisfied and that a reduction In l L would not be he surprising In the Ing fug months of the year eur This pre pre- t ed id slump however has hus failed to thus far and while there t some curtailment In schedules the seasonal slack ShICk hits has QS less pronounced Hum In other rs rs The statement Is now made In fu trade that current automobile f ness ness is better than thun that for fOl the spending period of ot any preceding r. r r Both sales and und production thus thIs tills fa fall 11 have run 40 per Iel cent centi i d d of a year ago and the 1122 aun aun au- au i n season was an un unu unusually active for the thc trade 1 To Establish New Mark 3 ue lie to the time practical closing of the I icar n season and the seasonal tak- tak t of of f Inv inventory source some further lurther curtail curtail- t of production ii Is to tu be De expected the remainder of the year but hut dee de- de Ithe e this It Is expected that the Indus Indus- b twill Ill establish a car car mark mar record this year Most 1 of or pleading manufacturers It Is point point- L. L 1 u. u out OUT JUT hams iam mr ge t e unfilled un 1111 m I eel t cars on ou their books hooks and this illness l iness ess together with wit Ii the time ord orders rs t ced b by the time Southern and lI St territories for open cars curs Is ext ex- ex t ted d to hold the average u output for form and December close l' l to the m car car OCO-car mark If the time car cal I k k k is reached It Is interesting to that the highest esi estimate inmate for foi 3 outPut made b by any producer at mot National lal Automo Automobile ile show lust last m nary called for a production of If only emus cuts or approximately 25 5 per pert t less than the time probable output for fur 1 year y h he e sp splendid showing made mude b by the nary during 1122 and H 1023 3 two rec- rec years eurs has resulted In unal un- un al prosperity for the time manufacturers Jesuit result being that the they are virtually SIp 1 a u strong strong- financial position m flie he Standard DaH Dully Dally Trade Service L Illustrative of thIs tills strong l poof po- po mon mo- mo I n of the time Industry Is the fact that F lough nought ou h Its output this year ear will be bee beethan e ethan than 50 no per cent greater than thun last lat 1 r rf r plant expansion has hus been prod pro- pro sd d J for almost entirely from eara- eara r 1 and increased production Is 11 curably due to greater 1 ing efficiency In the main the motorcar motorcar motorcar motor motor- car producing companies are financing from their own resources the greatest volume of business In their history and In spite of this are carrying cash I balances larger than titan e ever er r before Another favorable fu feature of the current situation is the strong position of ot the dealer d branch of the Industry Notwithstanding the we record breaking volume of business placed h by the dealers deal deal- dealers ers with the manufacturers during thelast the thelast thelast last ten months stocks tocks of new cars In retail merchandising channels tire are relatively rein rela small This means that the dealers dealers dealers deal deal- ers will have to place substantial orders or or- orders ders dels for spring models during the next four month months Time The used car situation though still unfavorable gives evidence evidence evidence evi evi- dence of readjusting itself Use on a 11 better basis Used cur car losses suffered suITer-cd h by dealers during the third quarter of 1023 1923 23 amounted to according to the National Automobile Dealers Dealers' association a n reduction of 73 per percent percent percent cent a as compared with the second quarter This Indicates that the dealers dealers deniers deal deni- ers are lei less s disposed to make maize unreasonably lIen high allowances on trade ins On October 1 lust last dealers had a stock of 3 u used d automobiles compared with on January Jannar 1 1 One Firm Plans Cars Daily Meanwhile hile Ie the Industry is now turning its attention to the 1024 1924 t pros pros- It is announced that one company company company com com- pany is planning to produce an average average aver aver- age of cars a n day hl on February 1 l- l 1021 1024 The present output of the com corn company pany which has lias been steadily ing all year ear Is approximately i in a n day and the time total to be turned out in I 1023 1923 will a proximate approximate ve ve- ve 1 On t toe e basis of cars perda per da day this tills company's s plants alone would turn out next nett year ear If current plans are carried out approximately cars mini trucks Another corporation corporation corpora corpora- tion then Is la planning to produce approximately approximately cars cats In January 1024 1021 21 This fi figure ure is only about cars is less s than thun the output for October the best month mouth et Jn In the history of the time company These two compan companies es are arc the time leaders of the automobile Industry Between them they sell more than 30 GO p per 1 cent of the total production of motorcars In connection with the movement of or prices the review sa says s 's that althou although h automobiles prices are now at approximately approximately the lowest levels ever reached some further sll slight ht downward readjustments readJustments readjustments readjust readJust- ments eur early y next year rear are probable At least two of the leading manufacturers In the time priced high-priced field are ure planning to tomake tomake make reductions while a number of other producers In the tiie priced medium field are planning to hrin bring out cars to sell under or around 1000 These moves will doubtlessly lead some sonic of oC the companies already established In Inthe the these f fields to make price readjust readjust- x ments meats |