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FEDERAL
statistical

.RESERVE
release

G.26

"

''

.

For immediate r e l e a s e
December 12, 1973
AUTOMOBILE INSTALMENT CREDIT DEVELOPMENTS-OCTOBER 1973
NEW CARS

All
lenders

Bank
direct
loans

Bank
purchased

Finance

Other
lenders

Seasonally Adjusted
Extensions ($ m i l l i o n s ) :
October 1973
September 1973
October 1972

2,481
2,445
2,291

557
552
541

992
942
882

575
566
546

357
385
322

3,864
3,856
3,430

3,751
3,726
3,398

3,792
3,777
3,353

4,134
4,142
3,698

3,824
3,846
3,271

642
634
668

148
148
159

262
249
263

139
137
148

93
100
98

Average note ( D o l l a r s ) :
%

October 1973
September 1973
October 1972

3
..z Cars financed (000):
October 1973
September 1973
October 1972

Not Seasonally Adjusted
Extensions ($ m i l l i o n s ) :
October 1973
September 1973
October 1972

2,760
2,249
2,432

622
498
568

1,103
891
940

658
488
595

377
372
329

3,876
3,799
3,440

3,770
3,689
3,415

3,803
, 3,713
3,363

4,138
4,101
3,705

3,847
3,796
3,290

712
592
707

165
135
166

290
240
280

159
119
161

98
98
100

Average note ( D o l l a r s ) :
October 1973
September 1973
October 1972
Cars financed (000):
October 1973
September 1973
October 1972




-LSO

- 2 -

AUTOMOBILE INSTALMENT CREDIT DEVELOPMENTS-OCTOBER 1973
USED CARS

Seasonally Adjusted
E x t e n s i o n s ($ m i l l i o n s ) :
October 1973
September 1973
October 1972

1,408
1,416
1,268

387
385
356

504
478
443

240
245
233

277
308
236

2,101
2,092
1,907

2,062
2,056
1,874

2,218
2,184
1,995

2,123
2,154
1,986

1,954
1,965
1,731

670
677
665

188
187
190

227
219
222

113
114
117

142
157
136

Average n o t e ( D o l l a r s ) :
October 1973
September 1973
October 1972
Cars f i n a n c e d ( 0 0 0 ) :
October 1973
September 1973
October 1972

Not S e a s o n a l l y A d j u s t e d
E x t e n s i o n s ($ m i l l i o n s ) :
October 1973
September 1973
October 1972

1,437
1,226
1,249

403
327
355

508
413
428

246
208
232

280
278
234

2,104
2,023
1,907

2,056
1,994
1,870

2,218
2,118
1,996

2,121
2,059
1,985

1,972
1,904
1,746

683
606
655

196
164
190

229
195
214

116
101
117

142
146
134

Average n o t e ( D o l l a r s ) :
October 1973
September 1973
October 1972
Cars f i n a n c e d ( 0 0 0 ) :
October 1973
September 1973
Oct ober 1972