US auto recovery seen after 21-year low in '82

US automakers said their sales last year continued a four-year decline, with a 7.2 percent drop to 5.76 million units, the lowest level in 21 years. Industry analysts, however, predicted that domestic markets will recover in 1983, after a year of business marked by sharp recession, high interest rates, and widespread consumer resistance to high prices. They note that automakers have recorded three consecutive monthly increases in sales, reporting a 25.3 percent gain last month to 448,048 units, compared with 35,7580 a year ago.

You've read 3 of 3 free articles. Subscribe to continue.
QR Code to US auto recovery seen after 21-year low in '82
Read this article in
https://www.csmonitor.com/1983/0107/010718.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe
CSM logo

Why is Christian Science in our name?

Our name is about honesty. The Monitor is owned by The Christian Science Church, and we’ve always been transparent about that.

The Church publishes the Monitor because it sees good journalism as vital to progress in the world. Since 1908, we’ve aimed “to injure no man, but to bless all mankind,” as our founder, Mary Baker Eddy, put it.

Here, you’ll find award-winning journalism not driven by commercial influences – a news organization that takes seriously its mission to uplift the world by seeking solutions and finding reasons for credible hope.

Explore values journalism About us