Show I AUTO OUTLOOK FOR YEAR GOOD I I Hoover Predicts Prosperity Pros Pros- Prosperity Prosperity I In World Markets I for Automobiles I IW W WASHINGTON March 2 Pt-Ac- Pt 21 Ac AcI Ac According cording carding to the tho department of af commerce which t Is q presided over OVAr overby I ly Herbert Hoover er the tho arid s out outlook for tar 1924 24 Is exceedingly bright and rosy rasy The Tho department has Just Issued I a review of at o world arid conditions ns as I affecting tho automobile industry of America It I points out aut the far tor th and possibilities development 0 ot American markets I abroad d discussing at length lon th the tha In Or o over eter country Concerning the general world I outlook the depart department ment I With 1 1923 past and with th auto auto- automotive I matl matlIe motive mollte 0 sales Ie I ecard exceeded In InDY m DY countries automotive dt- dt distributors dis distributors and dealers throughout the tho world arld unite In viewing dewing the tho coming viar tAr with Ith optimism Un- Un Unsettled Unsettled Un Unsettled settled economic and political conditions are am still mill deterrent factors fac- fac fac factors tors lars In business vet et ct time the develop develop- development development ment of af automotive e trade trl has In surprising Ins measure wea-ure In ne nearly all countries Poor Paar road raad conditions and high operating costs are aro still paramount obstacles cle In many man foreign markets markel but all point paint to 10 t their lr steady through h c tar for better roads Improved ld servicing icing facilities and reduced fuel tuel prices TIO GROWS S The fundamental fact on an which optimism m In foreign automotive trade Is based Is the world wide world Ide In 1922 growth 0 of i the tho hold registration of af passenger cars trucks and motorcycles ox- ox ex ox exclusive elusive of at the United States Stales was estimated at 2938 2998 In n 1923 the tho figure had Increased to 10 3 3 or ar a 1 growth tI ot of 27 pot por percent auto auto- automotive cent rhe the widening use uso of motive products credos aIden a widen Iden widening ing demand demind for far or them Therein Is the foundation for tor ar all ta arable predictions regarding the future of af the trade abroad In n regard rd I to the outlook In Inthe time the United t kingdom the statement says sas Considerable expansion Is an- an anticipated an anticipated In the British market during 1924 some same estimates placing placing ing log the probable sale of af com cam commercial commercial mercial vehicles And pleasure cars cara at not nat less than Indus indus- industrial Industrial trl trial 1 odd lid economic I is evidenced In Great Britain and ond prices price of af motor matar vehicles are aro being be- be beIng be being ing generally reduced Four Faur Sears earo base elapsed since 1910 when hen d pure purchases hase of cars care car were ere made and 1924 will vill 11 sec fec ee large numbers changing hands bands 01 oh a being scrapped altogether I i E OITI The prospect In 1 trance France rance is thus Distributors and dealers are re optimistic lIc for far 1924 1024 believing that priced low ca cars will ill find an especially espe- espe espe ol lIy fa favorable arable market The sale of af American n cars continues to bo be handicapped by depreciation and fluctuation of af the franc and Im- Im Imparts Imports Im Imports ports parts are aro confined to low 10 priced cars The statement says that open open- openIng opening ing of ot the Iho German Berman market marel to American cars depends entirely on an antho tho rho lifting of the rigid Import Imparl re- re re restrictions a development which It Is declared Is only anly problematical cal at the tho best The German Industry says MYS the statement Is Itsel Itself In grate o ngor d because of af high prices or of materials material production costs casts taxes and a 1 new ne car ta tax In gold gald marks It II Is not note e expected thit th t the production of p passenger enger e-enger ca cars In 1924 will reach re the 23 estimated In 1623 1923 1 23 and will Imports be bo T L The market In far far-a far away Chin I Is described as e Dealers believe that bales hales of af American cars carB will 11 equal or ar ex- ex exceed exceed ex exceed those of at 1923 basing their far forecast cast esl on an present tendencies and andon andon on an the tho prospect that general buM busi business ness nen will no not I recede from tram its 1923 3 position This applies particularly to Sha Shanghai and ond vicinity It I is anticipated that competition will willbe willbe willbe be very tery ery keen for foi the tho American share haro of af o the market and consid considerable erable competition Is h anticipated small cars can Th The extension of af credit salts Bales and the trading In of af o used cara care Is I well under way Tho market In Mexico is de- de described de described scribed d as follows v Rath Ith subsidence of af the tho revo roco- ro a- a revolutionary ma movement ement business ran con ren renditions conditions may be expected to improve Im- Im Im Improve prove prave Despite the slow slaw recovers from fram the tho economic depression 0 of 22 22 there were ero 2 I motor matar registered In fe Mexico City during during- 1923 of af which all but 91 wore were of af American make m A light AmerIcan car accounted for far half the Iho new registrations and a me- me me priced American car stood Further increases may bo be expected In 19 1924 24 |