Ogden Standard-Examiner | 1927-01-23 | Page 10 | 1927 Bids Fair to be Good Year for Motor Industry; Conditions Right

1927 Bids Fair to be Good Year for rotor Motor Industry Conditions 1 I I fly ISy ALFRED ALFRO P r Jr President of ot the General Motors Corporation There is s more rea reason on to exp ct that 1927 will be bo another good goodyear year ear for Cor the tha Industry perhaps not so good as os 1926 but buta buta buta a satisfactory year eur It t must be borne In that had hind ex- ex exceeded exceeded ex exceeded any pI previous lous year car In volume olum of at automobile production and ond sales ales that thi dom domestic tle consumer consumer er cr demand hw hUl broken all nit rec- rec records rec records orda and that export business has been the largest st In the history During this year ear over o passenger ears r-ar r trucks and buses wet were produced In the United States aid Canada Ja or some G 6 to 7 per cant more mor Ilian Ihan In the previous record year ear of oC o 1925 1325 In- In Indeed Indeed In Indeed deed the past four years ears have been a period of very satisfactory automobile volume volume the total out out- output output out output put ot of the industry la fa the tho United states and Canada in these four years eara having been about vehicles vehicle or an average a of at ap- ap approximately ap approximately proximately 5 l a n year It now seems Beems reasonable to expect that the tir 1927 production will equal It if It does doe not c exceed this year year four our year average MORE It must be ba that the volume of ot replacement automo automo- automobile automobile bile business la is increasing and that th the tho overseas oversea demand Is steadily expanding and that ad- ad additional additional ad additional volume from Ole these lie services in 1927 1 27 will go BO far towards toward ort oft of any reduction or 01 or new user gin tin this country which l may maybe maybe a be experienced Although there Is I some uncertAinty uncertainty uncertainty ns as to v vi hat the level of gen gen gen- general oral een-oral eral elal business activity will wll be next year ear ther there appears app ars to be bo little likelihood that any drastic change will take Uk place ond end that at worst nothing more maIo than a moderato slowing plowing down need be anticipated This anticipated This view Is predicted upon uron the fundamental soundness of ot the present n Banking and credit conditions are very favor favor- favorable able ahie with the tho available supply ot of credit largo larco and Interest rat reI- reI easy the there 10 h has been no price Inflation Inventories have not been pili up the ho efficient operation of ot the tn railroads milks makes prompt delivery of at the th materials finished products po possible elble agricultural purchasIng power while perhaps somewhat less leas than thana II a year car ago aeo primarily because ot of the decline I in n the th price pric of ot cot cot- cotton cotton cot cotton ton 1 Is on the th whole good and the present prent volume volum of ot Industrial employment and the tho th current level le of promise the tb continuance at least over the th near near- future of ofa ota II a satisfactory purchasing power powe- tram from this thi source G UNCERTAIN The building situation because of the high level of ot activity In Inthis inthis this Industry holds an clem clement nt ot of uncertainly and the tile possibility ofa of ofa ofa a decrease In la building operations must be recognized It Jt Is not un- un unlikely un unlikely likely however howver that any sharper drastic reduction of ot building will III occur next yr or r In view of f th the foregoing J I think that lint w Hi may look forward to a year of at o good general busi- busi business business busl ness even though It possibly will not be b quite no so good food m al 1926 And the same applies In my judgment judg judg- judgment judgment ment to the automobile bush busl- business ness fleas 00