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FEDERAL RESE R V E $ta tistical release G. 26 For immediate release May 7,1975 AUTOMOBILE INSTALMENT CREDIT All lenders Bank direct loans spurchM^d -P»P<6 Finance cos. Other lenders Seasonally Adjusted Extensions ($ millions): March 1975 - February 1975 March 1974 1,935 2,405 2,121 393 452 452 866 4,262 4,318 3,870 4,029 4,104 3,762 4,145 4,242 3,823 4,815 4,726 4,108 4*140 4,152 3,834 454 557 548 98 120 163 212 227 102 139 115 86 675 899 491 656 474 Average note (Dollars): March 1975 February 1975 March 1974 Cars financed (000): March 1975 February 19.75 March 1974 110 376 398 329 91 96 Not Seasonally Adjusted Extensions ($ millions): March 1975 February 1975 March 1974 .. 1,882 1,925 2,054 392 363 449 658 730 833 4,248 4,287 3,854 4,041 4,079 3,773 4,087 4,195 3,769 470 511 452 Average note (Dollars): March 1975 February 1975 March 1974 4,796 4,688 4,091 Cars financed (000): March 1975 February 1975 March 1974 443 449 533 97 89 119 161 174 221 98 109 110 362 321 320 4,161 4,169 3,855 87 77 83 # 4 AUTOMOBILE INSTALMENT CREDIT DEVELOPMENTS-MARCH 1975 USED CARS All lenders Bank direct loans Bank purchased paper Finance cos. Other lenders Seasonally Adjusted Extensions ($ millions): March 1975 February 1975 March 1974 1,518 1,431 1,412 422 414 394 430 392 482 242 242 225 424 383 311 2,286 2,327r 2,111 2,254 2,272 2,063 2,351 2,460 2,505 2,525 2,163 2,15* 2,153 1,969 664 615r 669 187 182 191 97 96 104 197 178 158 Average note (Dollars): March 1975 February 1975 March 1974 2,228 Cars financed (000): March 1975 February 1975 March 1974 183 15 9r 2Ur Not Seasonally Adjusted Extensions ($ millions): March 1975 February 1975 March 1974 1,634 1,355 1,490 463 387 424 445 369 495 255 222 233 471 377 338 2,305 2,365 2,123 2,281 2,304 2,089 2,342 2,477 2,220 2,525 2,581 2,180 2,218 709 573 702 203 168 203 190 149 223 101 Average note (Dollars): March 1975 February 1975 March 1974 2,191 2,000 Cars financed (000): March 1975 February 1975 March 1974 86 107 215 170 169
