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— J V 1 F E D E R A L statistical " % a f ~ R E S E R V E release LIBFjyt! FEB 1 0 For immediate release August 8, 1969 ;/0 AijfTOMOBILE-INSTALMENT! CREDIT DEVELOPMENTS-JUNE 1969 NEW CARS ^ A l l lenders Bank direct loans Bank purchased paper Sales finance Other lenders . Seasonally Adjusted Extensions ($ millions): June 1969 M a y 1969 June 1968 600 1,463 336 341 306 612 529 500 526 455 209 209 173 3,182 3,114 2,998 3,080 3,009 2,830 3,156 3,071 2,984 3,366 3,292 3,231 3,017 2,965 517 542 488 109 113 149 69 70 62 1,645 1,688 Average note (Dollars): June 1969 May 1969 June 1968 2,810 Cars financed (000): June 1969 May 1969 June 1968 108 190 199 177 • 160 141- Not Seasonally Adjusted Extensions ($ millions): June 1969 May 1969 June 1968 1,934 1,857 1,717 396 388 360 700 672 616 581 558 529 212 3,155 3,105 2,971 3,046 2,985 2,800 3,153 3,111 2,981 3,339 3,282 3,206 2,954 2,915 2,753 613 598 578 130 130 129 222 216 207 174 170 165 257 239 Average note (Dollars): June 1969 May 1969 June 1968 Cars financed (000): June 1969 May 1569 June 1968 87 82 77 G.26 -2- AUTOMOBILE INSTALMENT CREDIT DEVELOPMENTS-JUNE 1969 USED CARS All lenders Bank direct loans Bank purchased paper Sales finance cos . Other lenders Seasonally Adjusted' Extensions ($ millions): June 1969 May 1969 June 1968 Average note 219 224 211 327 208 ! 331 316 224 186 1 ,657 1 ,689 1 ,603 1 ,654 1 ,614 1 ,620 1,739 1,726 1,630 1 ,707 1 ,727 1 ,612 1,472 1,692 1,503 559 572 537 132 139 130 188 192 194 122 130 115 117 111 98 368 359 355 240 235 214 194 208 167 1,736 1,710 1,626 1, 690 1, 715 1, 597 1,448 1,651 1,478 142 137 134 134 126 113 ' 172 187 148 (Dollars): June 1969 May 1969 June 1968 Cars financed 926 966 861 (000): June 1969 May 1969 June -1968 j Not Seasonally Adjusted Extensions ($ millions): June 1969 May 1969 June 1968 e 1 ;,031 1 ;,044 957 229 242 221 1,,642 1,,681 1,,587 1,,636 1,,635 1,,604 628 621 603 140 148 138 1 i Average note (Dollars): June 1969 May 1969 June 1968 Cars financed (000): June 1969 May 1969 June 1968 c - Corrected. 212 . 210 218