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Shaanxi Travel on The interest translated into strong consumer demand for the new horseless carriages, and the Duryeas became the first American automobile manufacturers in 1897. By the turn of the century more than 30 other companies joined them in selling over 2,500 cars annually. In 1900, about 8,000 automobiles were registered in the United States. Like their European counterparts, American models were expensive essentially luxurious, motorized carriages and considered a plaything of the rich.
In 1901, Ransom E.Olds produced the first cars aimed at the lower-priced market, the Oldsmobile, which retailed for about $650. Olds was joined in the mid-priced market by Henry FORD, who founded the FORD MOTOR COMPANY in 1903.
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