More on who owned cars in the 1920s, from about 1909 till the Great Depression the two biggest markets for cars where "middle class American" (Which EXCLUDED most people who lived in cities, Middle class in that time period meant what we referred to as the "Upper Middle Class" people making at least twice the Median income. Median Income today is about $42,000, so we are talking about people whose house hold income exceeds $84,000 in todays dollars) AND rural farmers.
http://books.google.com/books?id=LQDoAAAAIAAJ&pg=PA13&lpg=PA13&dq=Car+population+in+1923&source=bl&ots=X9RazhV1To&sig=oq_ITuXG3MAVy1Jj01JFN7LtypI&hl=en&ei=8eppSoHDD4mKMavXlNsP&sa=X&oi=book_result&ct=result&resnum=8In my home town of Pittsburgh, Streetcar ridership peaked in 1927, but the subsequent decline was minor (Do more to the economic downtown of the Great Depression then a conversion to Automobiles) till after WWII (When deep declines hit ALL street cars system forcing the remaining rural lines to close down in the early 1950s and urban lines becoming unprofitable do to steep decline in usage).
An example of a Rural Streetcar line that ended service in 1952, the West Penn Electric Railway:
http://en.wikipedia.org/wiki/West_Penn_RailwaysThe Automobile industry is generally NOT considered a "mature" industry till 1954, when more people purchased cars to replaced cars their already owned as opposed to people who were buying cars for the first time (My Father's family did NOT own a car till 1947 for example).
My point is comparing 1923 with today is like comparing ancient Rome with today's city, you not only have to look at just one aspect of the historical situation (In the above case the Automobile) but also how it related to the rest of society.
Lets remember that in 1923 the Automobile was becoming more and more important (Like electronics today) but most people still used older technology to get around (Streetcars, bicycles, horses and even long distance foot traffic). Even today, with electronics more and more important, electronics by itself does NOT get us to the store to buy food to eat (Or get the food to the store, through electronics has improved HOW the food gets to the store and to home).
We also have to look at WHO was buying a car in 1923, Farmers and Upper Middle Class Americans (The rich also were buying but even then to small a market to cater to if you really wanted to make money). Both groups wanted LARGE CARS, the farmers to haul people and products to the field and to market, Upper Middle Class Americans to show people they had made it (Which was also a factor among farmers, but less then Middle Class Americans thus urban people stayed with streetcars and buses till after WWII, inner city people were the last people to embrace the automobile in mass numbers and in some places even in the US, New York City for example, such inner city people still have NOT embraced the car culture, through most own a car).