January 20, 1975 (Jiayin twelfth lunar month, the ninth day), the largest automobile manufacturer in the United States undercut sales of the car.

1975 1 20, the three largest U.S. car manufacturers dealers discount to stimulate new car sales. Chrysler First 200 - $ 600 discount sales of new cars. Ford Motor Company and General Motors Corporation tight suit. General Motors Corp. up to $ 500 on some car models undercut magnitude. This is the most serious recession since the Second World War, the automobile industry into.
Prior to this, the three major car companies have been opposed to the price-cutting, but inventory increase of slow-moving vehicles to force them on sale. As the slow-moving car, currently more than 200,000 auto workers. Unmarketable because each company overestimated demand for mini-cars and the ultra-small car of gasoline shortages caused by last winter.