Autos: Selling Them Big

The strongest factor going for the U.S. economy is that one in every eight American families will buy a new car in 1963. Any lingering doubt about the value of this stimulus disappeared last week, as Detroit added up sales figures for the first quarter. The industry is now selling cars at an annual rate of 7,500,000—a bit above the alltime high set in 1955, the year that automen still speak of in awed tones. The basic reason for the car-buying surge is that the U.S. consumer, who loves a bargain, is getting a lot of car for...