Indianapolis Times, Indianapolis, Marion County, 3 December 1937 — Page 12
PAGE 12
THE INDIANAPOLIS TIMES
FRIDAY, DEC. 3, 1937
—Automobiles—
Conference Is Called Here for Dec. 13 to Discuss
Setting
Action Follows Move by Minton for Probe of Agreements.
» Committees
automobile
-
.
representing | manufacturers, |
auto finance companies and |
dealers are to meet here Dec. 13 to discuss establishment by the industry of an Indiana mediation board, Schaefer, State
Herman | Automobile |
Dealers Association manager, |
announced today. The announcement
came after
Senator Minton introduced a joint | resolution in the Senate yesterday |
calling for an investigation by the Federal Trade Commission of manufacturers and dealers. “Many states have passed legiste regulate the automobile business to some exteni,” Mr, Schaefer said. “Similar action has been threatened in Indiana. In the discussion at this conference, we want to see if it is not practical tor the industry to set up its own board of mediation.”
Jation
Several Invitations Sent Mr. Schaefer said his organization had an interest in the investigation proposed by Senator Minton to correct existing inequalities. Organizations invited to send representatives to the conference to be held in the Claypool Hotel Dec. 13 are: Automobile Manufacturers’ Association, Ford Motor Co., Hoosier Finance Association, National Association of Sales Finance Companies, American Finance Conference, the National Automobile Dealers’ Association and the State Automobile Dealers’ Association. It was predicted that the conference mayv last for several davs. Approximately 40 persons are expected to attend. Seeks to Determine ‘Fairness’
In Washington Senator Minton said his proposed investigation determine whether agreebetween manufacturers and lers are “fair and equitable” and
would
whether the dealers in each line
\
have an opportunity to earn “aja dealer must be a genius to make |a fair profit.” He said such an investigation was |
Indiana and Wisconsin | Dollar Volume Up,
reasonable profit.”
(urged by { Legislatures,
C. O. Warnock, president of the | A 548 per cent increase in dollar
| C. O. Warnock Co. auto dealers, said todav the manufacturer-dealer
set up would benefit by an investi- |
gation and that legislative control would be welcomed.
“The dealer is not getting a fair!
profit under the present setup, and this, I believe, the nation,” he said. “Need Education,” He Savs “Both the dealer and the manufacturer need education in the automobile industry.”
| Mr. Warnock declared that the
principal reason for lack of profit | mn the retail auto business was that |
“finance companies take all the profits of the small dealer who sets himself up without proper equipment and staff. “The large dealer with the greater
overhead is forced to compete with |
the small loan company-owned dealer sale where the larger retailer can not. “It's the small dealer that sets the pace, and it is a pace under which
The 1938 Ford V-8 de luxe Fordor sedan, which | was introduced in Indianapolis dealer showrooms
applies throughout |
{of $201,834,999 compared with $191.-
who will cut prices to make a |
Up of State Mediation
Dealers Report
volume of retail automobile sales for the first nine months of 1937 was disclosed today in a report is-| sued by the National Automobile | Dealers Association. The Association announced that
this week with other models in the complete Ford line, is shown above.
for the period ending Sept. 30, 572 reporting dealers did a total com- | bined volume for all departments |
348463 for the same period last | year, A decrease was reported, however, | in operating profits from $5405.852 | to $5386,554. The Association cited in connection with this trend “an | increase of 12.31 per cent in oper- | ating expenses plus used-car gross | loss due to overallowances on used cars traded in on new cars.” Reporting dealers delivered 126.- ! 435 new cars and trucks up to and | including Sept. 30. In the corresponding period last vear deliveries totaled 129.437. The smaller num- |
Board for Industry
engine, comes in coupe, Tudor and Fordor types. The other is the de luxe line, powered only with the 85-horse-power motor. There are eight de luxe models—coupe, Tudor and Fordor sedans, clup coupe, convertible cabriolet, | cabriolet, convertible phaeton. A new unit—the “one-tonner”— features the 1938 line of trucks and { commercial cars. The new line includes four wheelbase lengths, the 112-inch commercial car chassis, the 122-inch “one-tonner.” a new 134- | inch chassis, and the 157-inch
|
| chassis.
| Fletcher Sales Manager | For Studebaker Corp.
| | Appointment of C. S. Fletcher as
sedan and
sales manager of the Studebaker Corp., has just been announced in South Bend by George D. Keller, vice president in charge of sales, Mr. Fletcher succeeds Louis K. Man(ley, wwao has resigned. Mr. Fletcher has held executive positions with the Studebaker Corp. in Australia, China, Japan, Canada, South Africa, and several European countries during the last 15 years.
.
ber of units, however, produced 2.11 per cent more dollars,
Full Line of New Fords : Now on Display Cannonball Baker Sets
The complete line of 1938 Fora | New Economy Mark cars and trucks went on display in| Eg @G. (Cannonball) Baker, Indianapolis and other major American cities this week. A few models were seen at the recent Auto Show | omy here, but the full line was not re- | tors, Inc, announced this week. leased until midweek. | Mr. Baker, driving a stock 1938
Two distinct lines, different in appearance and price, are offered. | treal, a distance of 597 miles, aver-
by
vet-
The standard line, powered either | aged 46.28 miles per Imperial gal- | | vith the 85 or 60-horsepower V-8 lon of gasoline (38.56 per Ameri- |
| | |
club convertible |
Willys sedan from Windsor to Mon- |
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