THOSE who are worrying about the automobile business ought to keep in mind the fact that this American industry occupies the commanding position in the world market and that, even so, our export trade in motor-cars is at the very beginning of its development.

 In a recent bulletin the Stock Exchange house of Dominick and Dominick calls attention to this point, adding that the foreign trade in American cars “has apparently developed a romance which, unlike most romances, is likely to be profitable and of very great economic significance.” At the recent international automobile exhibition at the Grand Palais in Paris, twenty-four makes of American cars were represented. Last year we exported almost as many cars as were produced in all of Europe, with a total value of $424,000,000. In order to show our predominant position, the writer for the New York brokerage house first tells us what. Europe has been doing recently:

In 1926 Europe produced a total of passenger-cars, trucks, and buses amount- ing to 560,213 as compared with 462,120 in 1925. Of this total 132,802 units were exported. Four countries were responsible for the great majority of these sales— France, Great Britain, Italy, and Germany. France has an export business second only to the United States, but recently the sales of the Fiat Company in Italy, which accounts for about 85 per cent. of all Italian production, have been rapidly gaining on the French figure. Citroen is responsible for over half the total French output.

Germany’s domestic market is seriously handicapped by internal taxation, and the industry is the least efficient of those enumerated. Great Britain has been making strenuous efforts to develop its sales to the Dominions, and despite the general strike of 1926 British production showed an increase over 1925. The figures of these four countries and of the United States are given in the following table:
You can see the Car Production Table here

Related posts:

1. Take Your Own Car to Europe 1927
2. Archaeology Achievements 1929
3. European Touring Roads 1927
4. U.S. Motor Vehicle Registrations 1930
5. The state of World Prohibition in 1923

This entry was posted on Monday, August 14th, 2006 at 11:49 pm and is filed under 1920's, Automotive. You can follow any responses to this entry through the RSS 2.0 feed. Comments and pings are closed.

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