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r e l e a s e

For immediate release
October 8, 1971
AUTOMOBILE INSTALMENT CREDIT DEVELOPMENTS-AUGUST 1971
NEW CARS

Seasonally Adjusted
Extensions

($ millions):
1,887
1,702
1,515

Average note

672
576
549

521
504
430

269
229
214

3,302
3,230
3; 109

3,255
3,189
3,073

3,678
3,722
3,493

3,251
3,178
3,092

560
510
475

129
122
104

206
181
179

142
135
123

83
72

(Dollars):

August 1971
July 1971
August 1970
Cars financed

425
393
322

3,370
3,337
3,189

August 1971
July 1971
August 1970

(000):

August 1971
July 1971
August 1970

Not Seasonally Adjusted
Extensions

($ millions):
1,950
1,948
1,569

Average note

August 1971
July 1971
August 1970

705
675
577

529
591
437

296
258
236

3,256
3,191
3,067

3,219
3,199
3,037

3,623
3,677
3,441

3,183
3,108
3,026

587
588
499

129
136

219
211

104

190

146
158
127

93
83
78

(Dollars):

August 1971
July 1971
August 1970
Cars financed

420
434
319

3,322
3,313
3,144

August 1971
July 1971
August 1970

(000):




G. 26

-2-

AUTOMOBILE INSTALMENT CREDIT DEVELOPMENTS-AUGUST 1971
USED CARS

Seasonally Adjusted
Extensions ($ millions):
1,039
974
895

Average note

347
323
308

208
196
183

201
186
178

1,770
.1,788
1,660

1,878
1,844
1,719

1,963
1,966
1,777

1,794
1,861
1,542

563
525
533

160
150
136

185
175
179

106
100
103

112
100
115

(Dollars):

August 1971
July 1971
August 1970
Cars financed

283
269
226

1,845
1,855
1,679

August 1971
July 1971
August 1970

(000):

August 1971
July 1971
August 1970

Not Seasonally Adjusted
Extensions

($ millions):

August 1971
July 1971
August 1970

1,030
1,007
891

267
268
214

349
341
311

201
210
177

213
188
189

1,773
1,821
1,608

1,690
1,763
1,585

1,827
1,824
1,672

1,879
1,927
1,702

1,-704
1,790
1,465

581
553
554

158
152
135

191
187
186

107
109
104

125
105
129

A v e r a g e note (Dollars):
August 1971
July 1971
August 1970
Cars financed

(000):

August 1971
July 1971
August 1970