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FEDERAL
RESERVE
statistical release
For immediate release
December 9, 1971
AUTQMJBJHxSlNSTALMENT CREDIT DEVELOPMENTS -OCTOBER 1971
NEW CARS

All
lenders

Bank
direct
loans

Bank
purchased
paper

Finance
cos.

Other
lenders

Seasonally Adjusted
Extensions

($ millions):

October 1971
September 1971
October 1970
Average note

410
464
299

603
629
514

552
609
377

255
295
184

3,408
3,402
3,116

3,329
3,328
3,002

3,316
3,208
3,017

3,670
3,740
3,414

3,238
3,305
3,041

534
587
441

123
139

182
196
170

150
163
110

79
89
61

1,820

(Dollars):

October 1971
September 1971
October 1970
Cars financed

1,997
1,374

(000):

October 1971
September 1971
October 1970

100

Not Seasonally Adjusted
Extensions

($ millions):

October 1971
September 1971
October 1970
Average note

447
417
325

670
596
570

614
521
420

295
192

3,425
3,319
3,133

3,336
3,258
3,009

3,333
3,153
3,032

3,699
3,643
3,443

3,244
3,242
3,048

583
551
481

134

201
189
188

166

82

143
122

91
63

(Dollars):

October 1971
September 1971
October 1970
Cars financed

266

1,997
1,829
1,507

(000):

October 1971
September 1971
'October 1970




128
108

tu
G.26

-2AUTOMDBILE INSTALMENT CREDIT DEVELOPMENTS-OCTOBER 1971
USED CARS

All
lenders

Bank
direct
loans

Bank
purchased
paper

Finance

Other
lenders

Seasonally Adjusted
Extensions ($ millions):
October 1971
September 1971
October 1970

188

953
991
841

262
274
220

328
305
292

202

V n

177

152

1,788
1,812
1,696

1,722
1,747
1,647

1,819
1,847
1,679

1,897
1,962
1,810

1,728
1,721
1,693

533
547
496

152
157
134

180
165
174

92
103
98

109
122
90

175

Average note (Dollars):
October 1971
September 1971
October 1970
Cars financed

(000):

October 1971
September 1971
October 1970

Not Seasonally Adjusted
Extensions

($ millions):

October 1971
September 1971
October 1970
Average note

186

267
251
224

329
279
292

178
172
179

201
151

1,805
1,760
1,716

1,734
1,696
1,659

1,828
1,788
1,688

1,914
1,870
1,827

1,771
1,718
1,736

532
513
493

154
148
135

180
156
173

93
92
98

105
117
87

(Dollars):

October 1971
September 1971
October 1970
Cars financed

960
903
846

(000):

October 1971
September 1971
October 1970