Council Requests Data From Domestic Automobile Manufacturers

by Council on Wage and Price Stability on August 9, 1976
by Council on Wage and Price Stability

William Lilley III, Acting Director of the Council on Wage and Price Stability, announced today that the four major automobile manufacturers (American Motors, Chrysler, Ford, and General Motors) had been asked to supply the Council with cost, profit and sales information and projections on which the companies will base their 1977 model year pricing decisions. The data collected will be utilized by the Council as part of its ongoing responsibilities to monitor the price trends in major sectors of the economy. Data submitted by the manufacturers last year was used to prepare a Council report describing the variations in pricing by company and model size, and analyzing the relationship between these prices and the cost increases experienced by the companies. Lilley indicated that the Council tentatively plans to issue a similar report this fallon the 1977 model year pricing.

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