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FEDERAL

statistical

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-M-MoilbxNal S.A.I
THE TRENP TOWARDS LONGER NEW-CAR LOAN MATURI"
RENEWED MOMENTUM I N FEBRUARY.
AT COMMERCIAL BANKS. OVEI^^A-rfONTH
CONTRACTS REACHED 2 0 PER CENT OP THE TOTAL, .THREE PERCENT
POINTS HIGHER THAN THE PREVIOUS READING I N NOVEMBER. AT FINANCE
COMPANIES* THE 0VER-"36-M0NTH PROPORTION HAS RISEN NEARLY 5
PERCENTAGE POINTS I N 2 MONTHS. MEANWHILE, *T FINANCE COMPANIES,
LOAN-TO-VALUE RATIOS EDGED UP FROM RECENT LOWS, IMPLYING LOWER
DOWNPAYMENTS, BUT SEASONALLY ADJUSTED FINANCE RATES ROSE
MODERATELY I N BOTH NEW- AND USED-CAR MARKETS.
VOLUME OF TOTAL AUTO CREDIT EXTENDED WAS DOWN SLIGHTLY
FROM JANUARY, AFTER SEASONAL ADJUSTMENT, WITH AN INCREASE I N
NEW-CAR VOLUME NOT QUITE OFFSETTING A DECLINE I N USED-CAR
FINANCING. BANKS RECORDED HIGHER VOLUME I N EACH CATEGORY, WHILE
FINANCE COMPANIES AND OTHER LENDERS EXPERIENCED DECLINES,

CREDIT EXTENDED
I
I

1975 |
FEB. |

ALL HOLDERS
TOTAL CREDIT ( M I L L I O N * 1
NUMBER OF CONTRACTS ITpOUS.)
AVERAGE SIZE OF CONTRACT ( S I

I
I
|
I

I
2,38*
5571
*,280

5*71
4,901j

BANK DIRECT LOANS
TOTAL CREDIT ( M I L L I O N *>
NUMBER OF CONTRACTS (THOUS.)
AVERAGE SIZE QF CONTRACT ( S I

I
|
I
I

452
110
4,109

4,5971

BANK PURCHASED PAPER
TOTAL CREDIT ( M I L L I O N »)
NUMBER QF CONTRACTS (THOUS.)
AVERAGE SIZE OF CONTRACT ( S I

I
|
I
I

878I
2121
4,1421

FINANCE COMPANIES
TOTAL CREDIT ( M I L L I O N I I
NUMBER OF CONTRACTS (THOUS.I
AVERAGE SIZE OF CONTRACT (S>

I
I
I
|

OTHER LENDERS
|
TOTAL CREDIT ( M I L L I O N $ )
I
NUMBER OF CONTRACTS (THOUS.I I
AVERAGE SIZE OF CONTRACT (»> I
NOTE*

1976
JAN.

|
I

2,681|

1976 I
FEB. I

1975 I
FEB. I

1976 I
JAN. I

2,0211

1976 | |
FEB. I I

1975
FEB.

I
|

1976 |
JAN. I

1976 |
FEB. |

1975 I
FEB. I

1976
JAN.

1,4311
6161
2,3271

2,501j

I
1,6721.
676)
2,4731

I
1,3551
5731
2,365j

- ' I
1,5791
6181
2,5551

1,565
619
2,526

198
2,379

I
|

*121
*,905j

2,17511
*4*11
4,69911

3631
89|
*,079j

*36 j
9*1
*,638|

?iill
4,80411

I
4141
1821
2,2761

4851
207|
2,3431

509|
219|
2,324j

3671
1681
2,304j

45*1
1691
2,4021

9251
1951
*,7**1
I

730!
17*|
4,1951

6791
1331
5,1051

73611
15711
4,68811

3921
1591
2,4651

456 |
178|
2,5621

462 {
1681
2,564j

3691
1*9|
2,4771

2,602 I

6751
1291
5,233|

6671
12*1
5,3791

Sill

501!
961
5,*19I

II
'%ll

Ml

•sl

I
2221
86|
2,581j

5871
1311
*,*811

5071
1031
*,9221

377}
1701

2,7581
5581
*,9*3J

1,9251
4*91
*,2871

6591
1361
*,8*6j

8721
1681
5,1?0|

1
6561
1391
4,719l
|
3981
961
4,1461

d

I

*,169|

*051
89|
4,5511

II

II

«=ll
8*1 I
4,94011

2,5211

2,808|

2,7771

3831
1781
2,1>21

559!
2271
2,4631

I
4201
1751
2,4001

2,21B|

4191
1611

I
I
2411
2,869i

2,835

4651
1841
2,5271

166
2,476

DATA .FOR TOTAL CREDIT AND AVERAGE SIZE OF CONTRACTS INCLUDE PRECOMPUTED FINANCE CHARGES AT MOST HOLDERS.
INCLUDE PRIMARILY CREDIT UNIONS, BUT ALSO MUTUAL SAVINGS
DEALERS.

RfcFERS TO COMMERCIAL BANKS ONLY: OTHER LENDERS
BANK
BANKS, SAVINGS AND LOAN ASSOCIATIONS AND AUTOMOBILE


1976
FEB.

NEW-CAR INSTALMENT LOAN MATURITIES AT COMMERCIAL BANKS
(PUBLISHED MID-MONTH OF EACH QUARTER)
|
PERCENT OF CONTRACTS MADE DURING I
MONTH WITH MATURITIES OF:
I
I

1975
FEB.

1
I
I

I
I
I
I

15.5
70.6
13.9

I
I
I
|

30 MONTHS OR LESS
3 1 - 3 6 MONTHS
OVER 36 MONTHS

PURCHASED PAPER
1
1975
I
1976
NOV.
|
FEB.

| I
1 I||
||

DIRECT LOANS

14.6
64.8
20.5

1975
NOV.

I
|

1976
FEB.

I I
II

1975
FEB.

I
I
I

27.1
62.1

I
I
|

28.0
59.d

II
I I
I I
I I

20.3
69.1
lu.ti

I

FINANCE COMPANY AUTOMOBILE CREDIT -

TOTAL LOANS

II

I
I

10.8

|

12.2

I
I

1975
NOV.

I
I

FEBRUARY 1976

CREDIT EXTENDED

TOTAL CREDIT (MILLION * 1
NUMBER OF CONTRACTS ITHOUS.)
AVERAGE SIZE OF CONTRACT I t )
AVERAGE AMOUNT FINANCED I S )
AVERAGE FINANCE RATE I * )
AVERAGE MATURITY (MONTHS)
PERCENTAGE WITH MATURITIES!
OVER * 2 MONTHS
3 7 - 4 2 MONTHS
OVER 36 MONTHS
3 1 - 3 6 MONTHS
30 MONTHS OR LESS
2 5 - 3 0 MONTHS
24 MONTHS OR LESS

i
I

6561
1391
4,7191
3,960|
13.101

6751
129
5,233
4,368

37.41

|

AVERAGE LOAN-TO-VALUE RATIOtSl'l
PERCENTAGE WITH L / V RATIOSI
I
OVER 110*
|
101-110*
|
91-100*
|
9 0 * OR LESS
I

::: j
68.51
10.31

6671
1241
5,3791
4,4291
13.171
I
38.31
11.11
18.71

17.9
I

61.21
11.31

5111
4,6881
3,8&3|
13.071
37.31

... !

58.91
11.51

86.01

I

66.o!

87.01

2.6|

3.01
13.91
33.51
49.91

3.51
14.31
32.81
50.01

15.6|
34.4|
47.31

33.2
49.H

2611
941
2,7771
2,2531
17.711

29.11

29.6|

30.41

2,1661

2.61 ,

J

1976 I
JAN. I

2221
661
2,581|
2,2151
17.391

2411
641
2,669 I
2,3771
17.251

29.71
I

30.31

... i

I
>i:l\

55.6|

53.21

27.81
13.61

31,01
12.91

26.11

25 . 9 1
12.fl

66.0M

96.51

96.01

di

id

96.01
I
13.21
23.51
26.91
34.51

94.01

13.51
23.81
21.11
33.51

96.01
I
11.41
23.51
30.51
34.41

II

,,l

17.721

27B|
99|
2,8081
2,3301
17.641

2421
96|
2,5211

1975 I
FEB. I

: : : !
29.41
16.11

12.111

88.01
15.01
34.51
48.21

5,219
4,337
13.16

510| |
96||
5,3121 |
4,35611
13.1411
II
38.211
II
U.4||
18.211
II
58.3M

49.011

30.61
33.11

•••

I
I

13.61

10.21

21.4|
30.61
37.61

NOTES LOAN RATE AND LOAN TERMS DATA APPLY MAINLY TO CONTRACTS PURCHASED FROM DEALERS. THE AVERAGE SIZE pF CONTRACT
STATISTICS ARE ESTIMATED BY DIVIDING TOTAL CREDIT EXTENSIONS FOR ALL FINANCE COMPANIES BY THE ESTIMATED NUMBER OF
CONTRACTS* THEY INCLUDE PRECOMPUTEO FINANCE CHARGES INCORPORATED IN THE CREDIT EXTENSION STATISTICS. THE AVERAGE
AMOUNT FINANCED STATISTICS ARE BASED ON DATA OBTAINED FROM A LIMITED SAMPLE OF FINANCE COMPANIES* THEY DO NOT INCLUDE
ANY PRECOMPUTEO FINANCE CHARGES. FINANCE RATES ARE ANNUAL PERCENTAGE RATES AS SPECIFIED BY REGULATION I (TRUTH-IN
LENDING). AVERAGE LOAN RATE, MATURITY AND LOAN-TO-VALUE RATIO DATA ARE OBTAINED FROM A DIFFERENT SAMPLE THAN TH( LOAN
TERMS PERCENTAGE DISTRIBUTIONS. THE USEO-CAR LOAN MATURITY AND LOAN-TO-VALUE DATA APPLY ONLY TO CARS LESS THAN TWEE
YEARS OLD.
...

DATA NOT AVAILABLE BEFORE NOVEMBER, 1975




22.8