Auto industry headed toward $100 billion sales year (1977)

Note: This article may feature affiliate links to Amazon or other companies, and purchases made via these links may earn us a small commission at no additional cost to you. Find out more here.

Moving on a fast track into 1977

The are accorded no separate listing on any of the official indexes of the nation’s economic health. Yet no other single category of commercial activity more acutely reflects the state of the nation’s economy than auto sales.

Last week [July 10, 1977], as the year-end figures were added up, the results provided strong proof that the US is in fact coming out of the prolonged business “pause” of late summer and fall.

After flattening out disappointingly in October and November, in December new-car sales jumped 16% above those of a year earlier. That surge made 1976 the domestic industry’s best year since 1973: US automakers wound up selling 8.6 million cars, or 22% more than in 1975.

What is more, most automen believe that this year will bring even better results. They predict that sales of American cars will come close to the 1973 record of 9.7 million and, since prices are much higher, the industry will enjoy its first $100 billion sales year ever.

1977-Auto industry headed toward 100 billion sales year

If you liked this post, please share it! You can also get our free newsletter, follow us on Facebook & Pinterest, plus see exclusive retro-inspired products in our shop. Thanks for visiting!

More stories you might like

Check out our books!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Because the fun never ends:

Join the fun

Don’t miss out on the latest and greatest vintage stuff!

Sign up for our free weekly newsletter here.