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Show Referred Payment System Now Listed In Auto Sections m Answers Problems Which Have Hindered Auto for Many Years; New System Gives Buyers j 1)6 Linger Period With Winch to Pay for Cars j i- md 60 per cent of all I K'ild today are being mar- i absolutely authorita- EM fc. M.curllS- i-MM-.l '' fees 1 f;, i,r. .t- 0.1 the I & nv:1r,t'.' I .... ' " tot ..... ' : loni til ' " I 1 K cent . ilc" . ' 1 1 ; 11 I) VH- I "' , II -Swi-T-11" 1 II fvmfnl.. and ' ? " '. . - : ' j ?Wn -I-' 10 ... ; ,,l LIS I 1 I 7 Tiis ;'- ire j b tni . " " ' , it whole llsl. ' :inlT r.I- "!! 'I " ' I -i-flunl of tim- I I Wpatmc-nt ' ' ' ' ' ''w-H- lihricn.. '' H C to dtv Jwcll' is. i 1 l jj Tve down payment M j ut'(mi i ' : II iU'rCCnt 0? ,h cah M'Ilin 11 I Lotion ft thr?e fisun - .it thl El b garlic Ji ifl'. j-ujjMie . xr. ni i s In. Incline fl IsiM raanusers ami production hior.. ' " ' '' - I m of tb sclllni; of automobiles m K. pan 1'. icr!!:!:- A fcjtV UK of tl's tin-!i'Ml .i sell-Keir, sell-Keir, Uiffp Is '' k'- I" i 1 1 H a " jKgtta! 1? " :ns 11 t-,- i; fi Il ' for further development along this line. The ..oeeptunco corporation's fig-urea, fig-urea, however, demonstrate that there Is ro.uii for further growth V8KED Ql l si k.ns. i he period for whleh the questlon-nalre questlon-nalre asked Inforrn-.ttlon vvn that from LU 1 L919, (.. July 31, 1020, and therefore Includes the latter half of a summer selling season, the following follow-ing fall, winter and spring Bcaeone and the first half of th.- .succeeding sunimer selling Keason. It ls thereforf a comprehensive rfweep of kales conditions condi-tions over a full yearly cnc! ot the industry. . Jn this report tlie General Motors dealers gav. Beparate figures on sales to city dwellers mid to farmers, and In each Cjaaa listed the number or ales of new and used passr nrer ears and new an.l ns(..,i trucks for eaM and on deferred payments, it is interesting to note that of the salen to farmers. S8.210 were sold on tjrne, the cash sales numbering 1,326. As was to have been expected, city dwellers paid casta m.-.r.- frequently than tliL. fnrmcra, only 4 1.9 per cent sold CO city dweller! being thr.Mii.li t r .lit arianpi-incnts, there ol III.' li i .US I ;,.sh ,,.,! 0f a lt,aJ ,,( llOSL'O. Forty ,nd suxienlhs percent of the p:issenger cars reported sold to city dwellers were sold on credit, while 3 per cent of llu- new trucks sold to city dwellers and thus placed in the service of mercantile houses were partly financed1 It is interesting to note in this connection that onlv 51.2 per cent of th used trucks were sold on time, and 61.9 per cent of the used passenger cars were sold to city dwellers on G. M . A. C. finance plans. This (a particularly evident when it Is considered that cash sales of mu-l mu-l ..l Instruments, such as pianos and phonographs represent only from 5 to per cent of the total number. Oh-' viously, the automobile, which occu-' pies an' essential position In th- economic econ-omic life of the country, being n provider pro-vider of exceedingly efficient private transportation for persons and goods, is much more worthy of credit than are luyurles such as pianos It is, however, doubtful that the automobile will ever be sold on credit as exten-slvcl) exten-slvcl) as musical instruments arc today. to-day. Economic experts estimute that aboilt 5 per cent of the Industry's production always will he sold for cash, since motor vehicles necessarily must be lnught by persons of somewhat some-what advanced financial standing. In other words, the clqss is of such a caliper cali-per that about one-quarter of the automobile au-tomobile purchasers composing It should be able to pay cash for their vehicles at all times. It would therefore there-fore seem that through the more ln-tenslve ln-tenslve use of deferred payment faclll-ties faclll-ties the automobile Industry may be bis to Increase Its sales by approximately approxim-ately 25 per cent, bringing the present figure of s 7 per cent up to about 70 1 or 75 per cent. |