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1ZM FEDERAL RESERVE s f a t i s t ic a I r e Ie a s e • f*AL RE^ For immediate release October 9, 1970 j AUTOMOBILE INSTALMENT CREDIT DEVELOPMENTS-AUGUST 1970 19/U NEW C A R S / 2"( La All lenders Bank direct loans Bank purchased paper Sales finance Other lenders Seasonally Ad lusted™ Extensions ($ millions): August 1970 July 1970 August 1969 , 431 517 457 215 232 213 1 ,505 1 ,710 1 ,547 319 347 333 540 614 544 3 ,209 3 ,190 3 ,170 3 ,117 3 ,069 3 ,046 3,090 3,086 3,151 3,504 3,495 3,352 3,100 3,037 3,033 469 536 488 102 113 109 175 199 173 123 148 136 69 76 70 437 564 474 236 251 234 3,441 3,460 3,292 3,026 2,988 2,962 127 163 144 78 84 79 ^ Average note (Dollars): August 1970 July 1970 August 1969 Cars financed (000): August 1970 July 1970 August 1969 Not Seasonally Ad lusted Extensions ($ millions) : August 1970 July 1970 August 1969 1,,569 1, 884 1, 633 319 374 333 577 695 592 3, 144 ,067 3j 3, 041 ,000 3j 3,037 3,089 3,099 104 123 111 190 225 191 Average note (Dollars): August 1970 July 1970 August 1969 3:166 3, 110 , - Cars financed (000): August 1970 July 1970 August 1969 499 G.26 -2- AUT0M3BILE INSTALMENT CREDIT DEVELOPMENTS-AUGUST 1970 All lenders Bank direct Bank • purchased paper Sales finance Other lenders Seasonally Adjusted Extensions ($ millions): August 1970 July 1970 August 1969 181 886 984 883 223 239 211 304 330 292 208 178 204 172 1,675 1,691 1,657 1,665 1,669 1,656 1,725 1,735 1,728 1,773 1,814 1,703 1,526 1,531 1,501 529 582 533 134 143 127 176 190 169 102 116 122 117 133 115 211 Average note (Dollars): August 1970 July 1970 August 1969 Cars financed (000): August 1970 July 1970 August 1969 Not Seasonally Adjusted Extensions (millions): August 1970 July 1970 August 1969 891 991 886 214 233 202 311 340 298 177 216 203 202 189 1,608 1,652 1,591 1,585 1,641 1,578 1,672 1,709 1,674 1,702 1,770 1,637 1,465 1,474 1,441 554 600 557 135 142 128 186 199 178 104 122 124 129 137 127 183 Average note (Dollars): August 1970 July 1970 August 1969 Cars financed (000): August 1970 July 1970 August 1969
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