Full text of E.4 Automobile Credit : May 14, 1976
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F E D E R A L
R E S E R V E
statistical
release
"3PARV
May 14, 1976
A^UJOMOBILE C R E D I T
/
THE VOLUME OF BOTH-NEW-CAR AND USED-CAR t r a > * T —
EXTENDED ROSE 3 PER CENT IN MARCH OVER THE FEBRUARY
LEVELS. NEW-CAR VOLUME WAS AT A RECORD PACE: JANUARY
REMAINS THE RECORD MONTH FOR USED-CAR VOLUME. BANKS
CUT BACK ON DIRECT LOANS SOMEWHAT IN BOTH MARKETS
DURING MARCH, BUT THE OTHER CATEGORIES ALL SHOWED
INCREASES.
M o n t h N e w - C a r L o a n s at F i n a n c e C o m p a n i e s
AT FINANCE COMPANIES, THE PROPORTION OF OVER36—MONTH NEW-CAR CONTRACTS ROSE AGAIN, WITH ALL OF THE
INCREASE, AFTER SEASONAL ADJUSTMENT, ATTRIBUTABLE TO
LOANS OVER 4 2 MONTHS. NEW-CAR FINANCE RATES EDGED UP
FURTHER ON A SEASONALLY ADJUSTED BASIS, WHILE USED-CAR
RATES WERE UNCHANGED.
CREDIT EXTENDED
ALL HOLDERS
TOTAL CREDIT (MILLION S)
NUMBER OF CONTRACTS (THOUS.)
AVERAGE SIZE OF CONTRACT ( $ )
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
2,1321
*54I
4,6961
I
I
393|
98|
4,0101
I
I
8721
163,1
5,3501
I
I
I
I
I
OTHER LENDERS
I
TOTAL CREDIT (MILLION « )
I
NUMBER
nwnocn OF
u r CONTRACTS
w u n i w w u (THOUS.)
I • r * j u j • I II
AVERAGE SIZE OF CONTRACT ( » ) I
I
4911
102|
4,814|
1
I
376|
9TXI
11
4,132|
BANK DIRECT LOANS
TOTAL CREDIT (MILLION $»
NUMBER OF CONTRACTS (THOUS.)
AVERAGE SIZE OF CONTRACT ( S )
BANK PURCHASED PAPER
TOTAL CREDIT (MILLION $1
NUMBER OF CONTRACTS. (THOUS.)
AVERAGE SIZE OF CONTRACT ( * )
FINANCE COMPANIES
TOTAL CREDIT (MILLION » )
'
NUMBER OF CONTRACTS (THOUS.)
AVERAGE SIZE OF CONTRACT ( S )
2,7581
5581
4,9431
I
2,8401
5721
4,9651
6591
136|
4,8461
62 l'l
1311
4,740j
9251
1951
4,744|
I,
.
4,8811
667|
1241
5,3791
4,9221
4431
4,2481
I
I
3921
971
d
6581
1611
4,0871
I
6961
129|
5,3951
I
4701
98|
4,796|
d
3621
_871
' :
4,1611
'
•*"
4,883|
I
2,1751
4441
4,8991
II
2,930|l
59511
4.924M
1071
4,804|
66311
140||
4,736||
II
I
736f
II
1,01211
210H
: 4.819M
'
II:
696 M
130| J
1,518|
6641
2,2861
4221
1871
2,2571
I
4301
1831
2,3501
1,6721
676|
2,473|
I
509|
219
r
188
2,564
2421
"'"II
:,4%l
55911
1 1 5, 1i1
4,94014,8611
4241
1971
2,1521
BANKS, SAVINGS AND LOAN ASSOCIATIONS AND AUTOMOBILE DEALERS.
1976 I
MAR. I
1975 I
MAR. I
1976 I
FEB. I
i
I
4201
1751
2,400|
678|
2,5491
I
1975 | . . 1 9 7 6
MAR. |
FEB.
I
I
1,634|
709|
2,305j . 2 , » 8 |
A'%:i
>97P
MAR.
1,965
775
2,561
1
1
4951
2061
2 , 3 8 0 1.
;47i!
4631
1981
2031 5
2,281 j 5ZtST9j
n i l
2,6991
L9o!'j;t!2l;:.^7.
2,3421 ^ 0 1 | , , 2 ^
{
2821
1011
2,7921
• |
v
2551
24ir
-311
101|
851
112
2 , 5 2 5 1 " "2>8$51 2 , 8 1 2 -
I J
4491
1831
2,4541
J
1681
2,476|
531
214
2,481
AUTOMOBILE C R E D I T
CREDIT EXTENDED
TOTAL C R E D I T ( M I L L I O N S )
NUMBER OF CONTRACTS ( T H O U S . )
AVERAGE S I Z E OF CONTRACT ( $ 1
AVERAGE AMOUNT FINANCED ( S I
AVERAGE FINANCE RATE ( X )
13.151
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 MONTHS
3 1 - 3 6 MONTHS
3 0 MONTHS OR LESS
2 5 - 3 0 MONTHS
2 4 MONTHS OR LESS
37.3
AVERAGE LOAN-TO-VALUE R A T I O ( t )
PERCENTAGE WITH L / V R A T I O S *
OVER H O *
101-110*
91-100*
9 0 * OR L E S S
87.0
11.81
DATA NOT AVAILABLE BEFORE NOVEMBER,
MARCH 1 9 7 6
NOT S E A S O N ALLY ADJUSTED
SEASONALLY
ADJUSTED
1976
FEB.
AT FINANCE COMPANIES -
I
|
5,379
4,4291
13.171
1976
MAR.
|
|
5,3951
4,4491
13.211
38.31
38.5
11.11
18.7
12.11
1975
MAR.
|
|
|
|
NOT S E A S O N ALLY ADJUSTED
1976
MAR.
||
II
1975
MAR.
I
|
4,796
3,975|
13.071
5,312
4,3581
13.14
5,354
4,400 I
13.1311
2,4951
2,1801
17.75 1
37.31
38.21
38.511
29.11
11.41
66.71
58.91
11.51
1976
FEB.
18.711
58.3
57.511
1975
14.4
32.81
49.21
15.1
47.91
2,253
17.71
1976
MAR.
|
|
2,7921
2,398 1
17.711
30.41
3.7 1
14.4II
32.711
1975
MAR.
|
|
24.21
29.11
32.71
1976
FEB.
|
|
2551
1011
2,5251
2,180|
17.521
2,3001
17.371
29.61
I
53.1
87.01
14.3
32.6
50.01
|
I
12.611
18.21
12.1
1976
FEB.
58.51
31.01
12.9|
30.51
13.11
28.71
13.41
27.31
10.91
96.0|
95.01
97.01
95.01
11.41
23.51
30.51
34.4
10.71
22.71
31.31
35.41
14.7
24.71
22.81
28 .8
32.21
11.01
30.31
36.01
1976
MAR.
2,812
2,403
@FedFRASER