Editors Note: We want to wish all of our friends and readers here in the US and around the world a happy and merry Christmas. We will return with a new feature on Wednesday morning December 26th.
In various areas of the country, different terms are used at times to describe the same thing. This press photo taken, on October 20, 1955, for a Chevrolet dealer for use in the Greenville, NC “Daily Reflector” caught our eye because of the use of “Washout Sale” signage.
Here in New England and in other areas of the country a used car sale is often called a “clearance sale,” which left us to wonder if this was a regional phrase for the same thing? Stock market investors use the expression “washout sale” to define the selling of a stock at a loss for a tax write off, and then repurchase it at the same price that was initially paid for it within thirty days.
And finally, we can’t help ourselves by beating the sharp cynic’s in the audience to the punch who would comment that this a “dirty laundry sale” to get rid of the late-model used car lemons and repaired wrecks on the lot taken in trade by mistake.
Share with us what you find of interest in the expandable photograph (below) courtesy of the East Carolina University Collections.