The AS50 was one of Carvin's two flagship guitars for 1972. Although there was a guitar called the AS50 in 1971, the 1972 model was totally different. As were other Carvin archtops of the 60's and 70's, this was actually made by Hofner, with a Hofner neck ("world famous Ultra Thin Hofner Neck") and body, and Carvin electronics and badging, and assembled and set up by Carvin in Southern California. Electronics consisted of a pair of Carvin AP-6 pickups, which were black in '72 (versus white in '71). The AS50B (with Bigsby vibrato) sold for $189.95, and the AS50 with standard tailpiece sold for $159.95. It was also offered as the AS50L (left-handed) for $169.96, and as the AS50-12 (12 string) for $174.95.

The all-new SS75 replaced the SS65, and was Carvin's premiere solidbody guitar for 1972. It used the same Hofner #500 maple neck as the AS50, in a solidbody design that was very reminiscent of the Fender Strat. The body was also made of maple, and the fingerboard was rosewood. The electronics layout was the same as the AS50, with dual AP-6 pickups with dual volume and tone controls and 3-way selector switch. The SS75B (with Bigsby) sold for $184.95, and the SS75 with conventional tailpiece was $154.95. Also offered, but not pictured in the catalog, was the SS65 and SS65B. These guitars were made from "lighter high quality wood" (possibly alder or poplar) with a sunburst finish. The SS65 sold for $139.95, and the SS65B sold for $169.96. The SS75 was also offered in a left-handed model, the SS75L. This had the same features and construction as the right-handed model, and sold for $164.95.

Also new for 1972 was the DTS90 doubleneck 12/6 guitar. This model had maple Hofner necks, a maple body, and three AP-6 pickups with volume and tone controls for each neck. The DTS90B, with Bigsby vibrato, sold for $279.95, and the non-Bigsby equipped DTS90 sold for $249.95. Also offered, but not shown in the catalog, was the DMS95 and DMS95B doublenecks, which were 6-string guitar/mandolin doublenecks. These sold for $279.95 and $249.95, respectively. Carvin also offered a bass/guitar doubleneck n 1972, the DBS98. The necks were also made by Hofner, with the same neck/fingerboard features of the other basses, and the body was hardrock maple. Electronics on the bass side consisted of a single APB4 pickup with volume and tone control, and the Spanish circuit (as it was called) had two AP6 pickups with single volume/tone controls and 3-way pickup selector switch. There were also dual output so each neck could be plugged into it's own amp. The DBS98 was $279.95 with the Bigsby (DBS98B), or $249.95 traditional tailpiece.

The PRO-S8 steel guitar was unchanged for 1972, however, a 6-string model, the PRO-S6 was added to the lineup. Both were made from Eastern maple with chrome hardware and ivory tuning pegs, and had optional chrome legs. The PRO-S6 wasn't pictured in the catalog (in fact, it was never pictured in any Carvin catalog), and the PRO-S8 used the same picture as in 1971. The price on the PRO-S8 increased slightly, to $89.95, and the PRO-S6 was priced at $79.95.

Carvin's PRO-D8 and the PRO-D6 steel guitars were also unchanged. These double-six and double-eight guitars had the same construction and features of the single-neck PRO-S8 and PRO-S6, with an elevated outside neck for easier playability. Both models increased in price, to $124.95 for the PRO-D6, and $144.95 for the PRO-S8.

Carvin continued to offer an assortment of pedal steel guitars in 1972, in single and doubleneck versions, with 8 or 10 strings and with or without string changers, which were devices used to drop or raise the pitch of all strings (similar to the modern TransTrem by Steinberger). All Carvin pedal steel guitars had an aluminum frame with wood body, front-mounted controls and AP-Series adjustable pickups. 1972 would be the last year for pedal steel guitars, and 1976 would be the last year for steel guitars of any sort to be offered by Carvin.

Carvin offered the PRO 1500-4 singleneck 8-string with 4 pedals for $349.95. The PRO 1500-6 8-string with 6 pedals was $379.95. The PRO 2000-6 singleneck 10-string with 6 pedals was $429.95. The PRO 3000-8 doubleneck 8-string with 8 pedals was $529.95, and the PRO 4000-8 doubleneck 10-string with 8 pedals was $629.95.

Carvin also offered a wide assortment of steel guitars parts. These included replacement pulleys (for the pedal cables), string changers, tuner assemblies, pedals, and AP-Series pickups.

The AB45 bass was a 30" scale acoustic/electric model with inlaid pearl dot rosewood fingerboard, Kluson tuners and a Hofner-made hardrock maple neck with black polyester front and and clear polyester back. It also featured 2 APB4 bass pickups with individual volume and tone controls with 3-way switch, polished cast aluminum bridge, brass frets, and MOP pickguard. It was also available in a left-handed model, the AB45L. Direct price on the AB45 was $169.96, or $179.96 for the lefty. The AC21 soft case was also offered for $15.95.

The SB60 had the same neck and neck features and the same pickups and electronics as the AB45, with a solid hardrock maple body with a natural finish. It sold for $164.95, and a left-handed version (SB60L) was available for $174.95. The HC18 hardshell case was available for $29.95.

The SB40 solidbody also featured a Hofner neck that had all the same appointments of the SB60. This bass was made of "high quality wood", and was only available in a sunburst finish. The pickups and electronics were the same as the AB45. This model was only available in a right-handed version, and sold for $149.95. The SC18 hardshell case was available for $29.95.