Sale of U S Cars Hits Thirteen Year Low
Americans bought 7,050,120 domestic new cars in 1975, the worst year since 1962, as fuel shortages and inflation cut demand. Foreign brands gained, while GM, Ford, and Chrysler faced steep declines. A late 1975 rebound suggested a brighter 1976, with fourth quarter strength lifting hopes for an 8.5 to 9.0 million annual pace.