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Auto Sales Outlook #254926

CBS Evening News for Wednesday, Jan 04, 1978
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(Studio) Recent sales figs. for cars in United States show sales may not be as good as auto. industry execs. had predicted.
REPORTER: Roger Mudd

(Detroit, Michigan) Predictions for car sales made at beginning of model year and revisions now being made reported General Motors mentioned. [Auto industry analyst Arvid JOUPPI - cites reasons sales have fallen off.] GM's refusal to revise predictions noted. [GM chairperson Thomas MURPHY - feels market is there.] Possibility of auto mfrs. cutting product rather than lowering prices, in order to prevent getting stuck with large inventory, mentioned.

Faw, Bob;
Mudd, Roger

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