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Auto Industry In Good Economic Health
The coming year is expected to bring continued strength in the U.S. auto sector with record production in 1963 and 1964. Passenger cars rose to 7.3 and 7.9 million respectively, while trucks topped 1.46 million in 1963 with a 1.5 million forecast for 1964. A rising replacement cycle, suburban expansion, more multi-car households, and 1965 styling improvements are cited as drivers, signaling strong demand and a healthy market.
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U.S