Full text of E.4 Automobile Credit : January 14, 1977

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j * h

FEDERAL

RESERVE

statistical

JANUARY 14, 1977

AUTOMOBILE CREDIT - NOVEMBER 1976

N e w - C a r Contracts Over-36-Months (Not S.A.)

Low-Down Payment New-Car Loans at Finance Companies

Finance Companies y

-

-

Commercial Banks
1
1973

•

1974

CREDIT EXTENDED

I
I
|
I
I
I
I
I
I

BANK DIRECT LOANS
TOTAL CREDIT (MILLION S>
NUMBER OF CONTRACTS (THOUS.I
AVERAGE SIZE OF CONTRACT (SI

I
I
I
|

BANK PURCHASED PAPER
TOTAL CREDIT (MILLION SI
NUMBER OF CONTRACTS (THOUS.I
AVERAGE SIZE OF CONTRACT (SI

|
|
I
I

FINANCE COMPANIES
TOTAL CREDIT (MILLION SI
NUMBER OF CONTRACTS (THOUS.I
AVERAGE SIZE OF CONTRACT (SI

I
|
I
I

OTHER LENDERS
TOTAL CREDIT (MILLION S1
NUMBER OF CONTRACTS (THOUS.I
AVERAGE SIZE OF CONTRACT (Si

|
|
I
I




1

1975

ALL KJLDERS
TOTAL CREDIT (MILLION SI
NUMBER OF CONTRACTS (THOUS.I
AVERAGE SIZE DF CONTRACT I S l

NOTE*

LOAN-TO-VALUE RATIO
OVER 100 PER CENT

-

-

release

1976

SEAS
ADJ
1975 I
NOV. I

1976 |
OCT. |

1976 |
NOV. I

1975 I
NOV. |

1976 I
OCT. I

2,633|
5531
4,7611
1

2,669|
5201
5,1331
1

2,713|

2,343|

5,237

4,8411

2,737|
5271
5,194|

6431
1381
4,6591

664|
1351
4,9191
1

6411
1251
5,128

9231
1981
4,6621

920|
183|
5,0271
1

1
5951
1171
5,0851
1
4721
100|
4,7201

623J
110|
5,664|
4621
921
5,0221

2,667||
501
6,32311

1976 I
NOV. I

1975 I
NOV. I

l,900|
2,593|

2,718|

l,561|
6201
2,5181

2,431

1,767|
2,5911

2,691

j

127

4,725

1976 |
OCT. I

2,509|

2,4381

2,557

506
2041
2,460|

5,092

^170||
5,1531|

2,632|

2,7301

2,890

420|
158|
2,6581

2,7411

156
2,897

5,6331

10811
5,68511

2,6771

2,8571

2,9471

2,6791

2,8671

2,931

5,114|

516||
9611
5,37511

2,399|

2,6511

2,3621

2,506|

2*605

i!
61411
II

DATA S-OR TOTAL CREDIT AND AVERAGE SIZE OF CONTRACTS INCLUDE PRECOMPUTED FINANCE CHARGES AT MOST HOLDERS.
BANK REFERS TO COMMERCIAL BANKS ONLY; OTHER LENDERS INCLUDE PRIMARILY CREDIT UNIONS, BUT ALSO MUTUAL SAVINGS
BANKS, SAVINGS AND LOAN ASSOCIATIONS AND AUTOMOBILE DEALiRS.

ill

28

NEW-CAR INSTALMENT LOAN MATURITIES A1 COMMERCIAL BANKS
(t>UELISHFD MID-MONTH OF EACH QUARTFR)
PURCHASED PAPER
f E P f . t N T LP CONTRACTS MADE DURING
MCNIs WITH MATURITIES UF*

30 MONTHS OR LESS
3 1 - 3 6 MONTHS
OVER 3b MONTHS

1975
NOV.

I
I

14.a
64.8
20.5

|
|
I

1976
AUG.

ii

1975
NOV.

12. t

III I

27.1

49.1
38.1

U.C
Sb . 7

62.1

20.7

10.b

1975
NOV.
TOTAL CREDIT ( M I L L I O N $ )
NUMBER OF CONTRACTS (THOUS.)
AVERAGE SIZE OF CONTRACT ( S )
AVfcRAGE AMOUNT FINANCED ( S I
AVERAGE FINANCE RATE ( X I
AVERAGE MATURITY (MONTHS)
PERCENTAGE WITH M A T U R I T I E S :
OVER 4 2 MONTHS
3 7 - 4 2 MONTHS
OVER 3 6 MOVtHS
3 1 - 3 6 MONTHS
30 MONTHS OR LESS
2 5 - 3 0 MONTHS
24 MONTHS OR LESS

I
I

1976
OCT.

5C5I
1171
5,0851
4,207|
13.041
I
37.91
10.31
15.11
I
63.01

AVERAGE LOAN-TO-VALUE R A T I D t X
PERCENTAGE WITH LZV RAT IOSX
OVER 110%
101-1101
91-100*
9OX OR LESS

12.01
I
I
I

86.01
I
3.4|
13.61
32.61
50.61

I
I

1976
NOV.

I
I

I

6531
1171
5,5811
4,6031
13.091
I
39.41
I
16.91
20.41
I
51.01
12.11
I

87.01
I
3.41
16.71
34.61
45.31

I
3.51
17.21
34.31
45.01

6231
1101
5•o64I
4,5661
13.121
I
39.31
I
lb.71

20.21
I
51.51

12.01

I
87.11

1975
NOV.

1976
OCT.

I
I

5131
99 1
5,1821
4,2531
13.171
I
37.71
I

|
I

676 t
1201
5,6331
4,616|
13.2CI

I

39.11
I
15.9J
19.51
I
50.51
14.01
I
I

I
3.41
14.0 1
32.51
50.11

87.01
I
3.4|
16.71
33.91
46.0|

10.01

14.61

60.91
14.51

86.01

TUTAw LOAN-

| |
|I
I I

!!
II

1976
NOV.

1975
NOV.

6lsH
106 11
5,68511
••,65411
13.2211
II
39.211
I)

2571
96|
2,6771
2,3311
17.481
I
29.71

I
I

197b
OCT.

II
87.011
II
3.7||
17.711
33.911
44.711

|
1

i *»7o
AUG.

19.0
OH.0
17.C

I
I
I

17.1
54.1
5

17.0
5/.3
30.7

NOT SbASONALLY ADJUSTED
I
I

ifaOl
961
2,1)571
2,5371
17.501
t
30.41

1976
NOV.

|
I

277|
941
2,9471
2,5481
17 . 501
1

1975
NOV.

|
I

217|
611
2,679|

2,308|

1976
UCT.

I
I

197b
NOV.

25til
901
<1,6671
2,5121
17.761

4,931
2,528
17.63

29.8(
I
I
I
3.8|
49.51

4.5
4ti . 4

2.9|
51.31

4.6|
53.61

5. y
5 3 . eri

17.621
I
28.91
I
I
I
2.61
46.11

31.91
13.51

29.11
13.31

2 9 . .01
1 2 , 71

35.01
16.31

31.21
15.4|

31.6
15.5

95.01

97.01

9 7 ,. 0 1

95.0|

97.0|

97.0

10.91
22.51
30.11
35 . b |

11.51
24.11
30.6|
33.81

1 1 .. 7 1
24 . 5 1
30 .51
33 . 2 1

10.31
21.71
30.6|
37.31

11.31
23.61
30.bl
34.31

11.2
23.8

30.6|
I

16.111

19.4M
II
49.211
15.211

1976
NOV.

NOVEMBER 1976

SEASONALLY
ADJUSTED

NOT SEASONALLY ADJUSTED

SEASONALLY
ADJUSTED

197c,
NOV.

1976
AUG.

AUTOMOBILE CREDIT AT FINANCE COMPANIES -

CREDIT EXTENDED

|

DIRECT LOANS

II

1976
NOV.

34.4

NOTE* LOAN RATE AND LOAN TERMS DATA APPLY MAINLY TO CONTRACTS PURCHASED FRCM DEALERS.
AVERAGE S I Z E OF CONTRACT I S DERIVED
BY D I V I D I N G TOTAL CREDIT EXTENSIONS FOR ALL FINANCE COMPANIES BY ESTIMATED NUMBER OF CONTRACTS; I T INCLUDES PRECtiMPUTEB
FINANCE CHARGES INCORPORATED I N THE CREDIT EXTENSION S T A T I S T I C S .
AVERAGE AMOUNT FINANCED I S BASED ON DATA FROM A L I M I T E D
SAMPLE OF FINANCE COMPANIES; IT EXCLUDES ANY PRECOMPUTED FINANCE CHARGES.
FINANCE RATES ARE ANNUAL PERCENTAGE KATES AS
S P E C I F I E D BY REGULATION I ( T R U T H - I N - L E N D I N G ) .
AVERAGE LOAN RATE, MATURITY, AND LOAN-TO-VALUE RATIO DATA ' R«\ <V T '
A
-•PPLY / ''
"
0
"
W
T"'
'*
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