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FEDERAL

RESERVE.

statistical

release

f*4L Rt^
For immediate release
A p r i l 10, 1972 .
A U T O M 3 B I L E INSTALMENT CREDIT DEVELOPMENTS-FEBRUARY 1972

All
lenders

Bank
direct
loans

Bank
purchased
paper

Finance

Other
lenders

Seasonally Adjusted
Extensions

($ millions):
2,043
1,856
1,698

Average note

613
559
525

737
570

589
539
536

285
257
228

3,253
3,266
3,203

3,219
3,213
3,039

3,636
3,621
3,580

3,210
3,128
3,109

133
121
114

229
207
188

162
149
150

89
82
73

666

(Dollars):

February 1972
January 1972
February 1971
Cars financed

432
394
364

3,333
3,320
3,234

February 1972
January 1972
February 1971

(000):

February 1972
January 1972
February 1971

Not Seasonally Adjusted
Extensions

($ millions):

Average note

360
319
303

588
527
455

483
437
439

180

3,359
3,361
3,263

3,273
3,289
3,223

3,213
3,213
3,033

3,687
3,672
3,628

3,261
3,250
3,158

493
432

110
97
94

183
164
150

131
119
121

69
52
57

(Dollars):

February 1972
January 1972
February 1971
Cars financed

225
169

1,656
1,452
1,377

February 1972
January 1972
February 1971

(000):

February 1972
January 1972
February 1971




422

G.26

-2-

AUT0M3BILE INSTALMENT CREDIT DEVELOPMENTS-FEBRUARY 1972
USED CARS

All
lenders

Bank
direct
loans

Bank
purchased
paper

Finance

Other
lenders

Seasonally Ad justed
Extensions

($ millions):

997
934

285
273
245

362
335
321

200
186
188

203
180

1,848
1,836
1,772

1,781
1,787
1,697

1,864
1,890
1,785

1,924
1,879
1,889

1,842
1,788
1,756

578

160

194

104

120

543
527

153
144

177 /
180

99
100

114
103

1,068

February 1972
January 1972
February 1971

221

Average note (Dollars):
February 1972
January 1972
February 1971
Cars financed

(000):

February 1972
January 1972
February 1971

Not Seasonally Adjusted
Extensions

($ millions):

February 1972
January 1972
February 1971
Average note

280
266
241

339
319
301

184
174
173

206
161
168

1,879
1,885
1,806

1,818
1,810
1,734

1,894
1,933
1,813

1,957
1,933
1,922

1,873
1,872
1,787

537
488
489

154
147
139

179
165
166

94
90
90

110

(Dollars):

February 1972
January 1972
February 1971
Cars financed

1,009
920
883

(000):

February 1972
January 1972
February 1971




86

94