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Auto makers cut 1972 model sticker prices in tax repeal fallout
Detroit reports price reductions up to 341 to reflect 7 per cent federal excise tax repeal. Ford Pinto, American Motors Gremlin near 1971 prices bought before Aug 15. Vega lowered to 2030.50 from 2114 post freeze, other autos also trimmed. Sales managers expect a boost as rebates become known.
MENTIONED IN THIS ARTICLE
Detroit
American Motors
Nixon
Price Commission
John Christy
McDonald Ford