ABC Evening News for Monday, Mar 01, 1976
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(Studio) Senate subcommittee holds hearings on cost of auto repairs.
REPORTER: Harry Reasoner
(DC) Cost of auto repairs up 150% since 1967. Examples noted. Senate Commerce subcommittee meets with regard to high costs. [Chairperson Frank MOSS - says Western Insurance Information Service concludes that cost of repairing $5500 demolished car is $23,250. Independent body shops complain of paying high prices for auto parts to auto mfrs. through dealers. Dealers get 40% discount and sell parts to independent at 20% increases [Automotive Service Cncls. Don. RANDALL - says motorists reject discretionary repairs due to cost.] Auto dealers defense system. FTC (Federal Trade Commission) could stop rising prices.
REPORTER: Bill Matney
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