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F E D E R A L R s t a t i s t i c a l f«4LRES* /,-t UTOMAn,E J E S E R V E r e l e a s e ^oSUrr\er^f U. (U^ For inpnediate release June 7, 1971 X M E N T CREDIT DEVELOPMENTS-APRIL 1971 NEW CARS Bank direct loans All lenders Bank purchased paper Finance cos. Other lenders Seasonally Adjusted Extensions ($ millions): 1,804 1,880 1,571 April 1971 March 1971 April 1970 • 383 412 317 637 603 549 541 600 505 243 265 200 3,204 3,222 3,037 3,168 3,133 3,071 3,725 3,660 3,451 3,148 3,178 3,055 145 164 146 77 83 65 Average note (Dollars): 3,322, 3,316 3,180 April 1971 March 1971 April 1970 Cars financed (000): April 1971 March 1971 April 1970 543 567 494 120 128 104 201 192^ 179 Not Seasonally Adjusted Extensions ($ millions): April 1971 March 1971 April 1970 1,924 1,870 1,671 418 416 345 670 616 576 577 574 538 259 264 212 3,300 3,286 3,153 3,191 3,225 3,026 3,146 3,095 3,048 3,699 3,656 3,427 3,120 3,143 3,029 583 569 530 131 129 114 213 199 189 156 157 157 83 84 70 Average note (Dollars): April 1971 March 1971 April 1970 Cars financed (000): April 1971 March 1971 April 1970 G.26 AUTOMOBILE INSTALMENT CREDIT DEVELOPMENTS-APRIL 1971 USED CARS Seasonally Adjusted Extensions ($ millions): April 1971 March 1971 April 1970 997 1,049 930 266 287 225 333 341 313 204 213 216 194 208 176 1,829 1,828 1,685 1,768 1,791 1,679 1,790 1,782 1,728 1,945 1,931 1,777 1,858 1,835 1,531 545 574 552 150 160 134 186 191 181 105 110 122 104 113 115 Average note (Dollars): April 1971 March 1971 April 1970 Cars financed (000): April 1971 March 1971 April 1970 "Not Seasonally Adjusted Extensions ($ millions): April 1971 March 1971 April 1970 1,099 1,113 1,021 299 304 252 364 365 341 220 221 233 216 223 195 1,817 1,831 1,677 1,780 1,820 1,691 1,776 1,780 1,714 1,947 1,939 1,779 1,815 1,828 1,500 605 608 609 168 167 149 205 205 199 113 114 131 119 122 130 Average note (Dollars): April 1971 March 1971 April 1970 Cars financed (000): . April 1971 March 1971 April 1970
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