Full text of E.4 Automobile Credit : September 1, 1976

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FEDERAL

R ESERVb ~

statistical release

LIBRARY

SEP

2

1976

•••

I0B1LE C R E D I T -

SEPTEMBER 1 ,

JUNE 1 9 7 6

1976

O F PDCH-'.-JLND

Over-30-Month Used-Car Loans at Finance Companies

Over-36-Moeth New-Car Loses at Fioaace Companies

BANK D I R E C T LOANS
TOTAL C R E D I T ( M I L L I O N S I
NUMBER OF CONTRACTS I T H O U S . l
AVERAGE S I Z E OF CONTRACT <61

1271
4,1021

i
"121 'lit!
id

BANK PURCHASED PAPER
TOTAL CREDIT ( M I L L I O N $ 1
NUMBER OF CONTRACTS ( T H O V S . )
AVERAGE S I Z E OF CONTRACT ( 8 1

7901
1021
4,341J

4,7101

FINANCE COMPANIES
TOTAL C R E D I T ( M I L L I O N S I
NUMBER OF CONTRACTS ( T H O U S . l
AVERAGE S I Z E OF CONTRACT I $ 1

5,010|

OTHER LENDERS
TOTAL C R E D I T ( M I L L I O N • )
NUMBER O F CONTRACTS ( T H O U S . l
AVERAGE S I Z E O F CONTRACT < « 1

4101
971
4,2271

1
1
1
1

ALL HOLDERS
TOTAL CREDIT I M I L L I O N S )
NUMBER OF CONTRACTS ( T H O U S . l
AVERAGE S I Z E OF CONTRACT | » )

MDTB

*

SEASONALLY
ADJUSTED
1975
JUNE

|
1

JII

C R E D I T EXTENDED

1

1976
MAY

1
|

4,6421

1976 1
JUNE 1

1631

1976
MAY

|
|

|
|
1976 I
JUNE I

SEASONALLY
ADJUSTED
1975
JUNE

1
1

1976
MAY

1
I

1976
JUNE

i

1975 1
JUNE 1

1976
MAY

1,8491
7771
2,380|

1,9101
7401
2,5811

2,038
794
2,567

I
5341
2331
2,2921

5721
2321
2,4661

639
263
2,430

2,574
589
4,370

2*796|
5771
4,849#

3,3501
6651
**0381

1,6641
7021
2,3701

1,8361
7121
2,5791

4,6901

580
144
4,026

"TOO |
1521
4,6051

Jiij

5071
2211
2,294|

5541
224|
2,4731

S82!
2391
2,435|

9191
1651
4,9661

4,351

4791
1931
2,4821

2,6201

5371
5,0191

lit

id
mi

1,0801

4.727J

2171
4,9771

606
121
5,025

5,4341

785!
1431
5,490J

481
116
4,147#

518 !
1091
4,752|

4,939||

d

I

2,2091

558 I
2131

J
2,Ei

NOT SEASONALLY ADJUSTED

I
1

5,0651

d ,.Ej Jilj
5001
1061
4,7171

|
|

I
1,7921
7011
2,5561

1
654|

4,6061

NOT SEASONALLY ADJUSTED
1975
JUNE

d

jsssi.pr,mar,lv

c r e o , t unions

'

*821

1976
JUNE

551

2,698|

2,5051

2221
2,6221

2,728

2781
981
2,837|

2911
1091
2,6701

I
2901
1041
2,7881

112
2,866

4681
1921
2,4371

4831
2191
2,2051

466!
1821
2,5601

527
217
2,429

I

5 2 3 2 * 1 , " ! ? AVERAGE S I Z E OF CONTRACTS INCLUDE PRECOMPUTED FINANCE CHARGES AT MOST HOLDERS.

iZFisui



I
|

b u t a l s o mutual s a v , w $

202

AUTOMOBILE CREDIT AT FINANCE COMPANIES -

SEASONALLY
ADJUSTED

C R E D I T EXTENDED

1975
JUNE
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 I S |
AVERAGE AMOUNT FINANCED ( S I
AVERAGE FINANCE RATE ( * )
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 L E S S
AVERAGE LOAN-TO-VALUE RATIO I * ) |
PERCENTAGE WITH L / V R A T I O S :
OVER 1 1 0 %

101-110*

91-100*
9 0 S OR L E S S

|
|

1975
JUNE

|
I

NOT S E A S O N ALLY ADJUSTED

1976 |
JUNE I

5161
103|
5,010|
4,1111
13.191

6161
1131
5,469|
4,4801
13.261

6461
1181
5,4751
4,4891
13.251

37.71

38.71

38.61

14.01

14.01
18.71

54.71
12.31
I
I

53.81
12.51

87.01

86.01

86.01

87.01

86.01

86.011

2.41
14.31
33.11
50.11

3.81
15.01
32.21
49.01

3.91
15.21
32.51
48.61

2.31
14.31
33.61
49.81

3.6|
14.81
32.41
49.41

3.711
15.011

64.01
U . 5 |

1976

NOT S E A S O N ALLY ADJUSTED
|
|

- I
I

1976
MAY

JUNE

18.01

1975
JUNE

|
|

1976
MAY

I
|

6081

6631

1211
5,0251
4,125|
13.121
I
37.91

5,4341
4,4671
13.151
I
38.81

I
i

64.91

10.01

1221

14.11
19.51
55.21
11.21

i

1976
JUNE

II
II

78511
14311
5,490||
4,502||
13.1711
II
38.9||

II

14.711
19.911
II
54.711
10.7M

i!

25:2!!

1976
MAY

I
|

1976
JUNE

|
I

1975
JUNE

|
I

256|
97|
2,6391
2,240|
17.721

2,765|
2,4461
17.761

"J!

2781
98 |
2,8371
2,459|
17.731

2911
1091
2,6701
2,259|
17.671

29.3|

30.01

30.11

29.61

2.9|
52.61

3.2!
52.41

...

I

: : : !

1976
MAY

I
|

2901
1041
2,7881
2,468|
17.641
I
30.31

321

112

2,866
2,484
17.68

i

,1:1!

3.3
54.2

11.61

30.2
12.3

30.61
15.21

30.51
13.21

30.41
13.71

I
30.61
13.71

97.51

95.01

95.01

97.01

95.01

95.0

9.9|

9.7!

13.41
25.01
29.51
32.11

10.31
23.01
31.11
35.51

22.9
31.2

13.21
24.4|
29.11
33.4|

22.21

31.21
37.31

22.21

31.01
37.91

I
29.4|

NOTE* LOAN RATE AND LOAN TERMS DATA APPLY MAINLY TO CONTRACTS PURCHASED FROM D E A L E R S .
AVERAGE S I Z E OF CONTRACT I S DERIVED
BY D I V I D I N G TOTAL C R E D I T EXTENSIONS FOR ALL FINANCE COMPANIES BY ESTIMATED NUMBER OF CONTRACTS* I T INCLUDES PRECOMPUTED
FINANCE CHARGES INCORPORATED I N THE C R E D I T 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* I T EXCLUDES ANY PRECOMPUTED FINANCE CHARGES.
FINANCE RATES ARE ANNUAL PERCENTAGE RATES AS
S P E C I F I E D BY.REGULATION Z ( T R U T H - I N - L E N D I N G ) .
AVERAGE LOAN R A T E , MATURITY, AND LOAN-TO-VALUE R A T I O DATA ARE OBTAINED
FROM A D I F F E R E N T SAMPLE THAN THE LOAN TERMS PERCENTAGE D I S T R I B U T I O N S .
USED-CAR LOAN MATURITY AND LOAN-TO-VALUE DATA
APPLY ONLY TO CARS L E S S THAN THREE YEARS O L D .
DATA NOT AVAILABLE BEFORE NOVEf




30.4

10.1