I think he is saying the first 3 digits would be the Julian dates of that model year (which would be Sept.-Aug. approx), so John's first example 016031 would be the 16th day of the model year, and the 31st car off the line that day. Correct me if I am wrong on that...
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'72 Formula 455HO TH400, Revere Silver, black deluxe
'74 Trans Am SD 4 speed, Admiralty Blue, blue deluxe
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