ABSTRACT
in marked contrast to the major set-back experienced by car producers in the United States, the depression of the early ’thirties had little effect on the British industry. Output for 1931, the worst year, was less than 10 per cent below the previous peak in 1929. The experience of individual firms varied, of course, with those making expensive, luxury cars being particularly hard hit. Recovery from this minor setback was rapid, and the level of output in the latter ’thirties averaged well over twice that of 1929.
