Full text of E.4 Automobile Credit : December 14, 1976

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6.26
DECEMBER 1 4 , 1976

AUTOMOBILE CREDIT - OCTOBER 197b

()>er-36-Monlh New-Car Loans al Finance Companies

New and Used-Car Credit Extended ( S . A . )

USED-CAR

CREDIT EXTENDED

:0
1975 |
OCT. |

ALL HOLDERS
TOTAL CREDIT (MILLION S I
NUNKR OF CONTRACTS (THOUS.I
AVERAGE SIZE OF CONTRACT ( S I

2,5441
5431
4,6851

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

1
6041
1381
4,3771

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

..;%i

FINANCE COMPANIES
TOTAL CREDIT (MILLION S I
NUMBER OF CONTRACTS (THOUS.I
A V « A 6 E SIZE OF CONTRACT ( # 1

5761
1131
5,0971

'

,

B*5 L*

3

5961
A . 7 3 5 1 , 5,0581

7041
1431
4,9231

1
6641
135|
4,9191

S I
*,4391

J i j

920|
183|
5,027|

*

VBTA6E

!

623j
110|
5,6641
I

IIL

J i j

II
II
1|1976 | |
OCT. | |

H I
5,022|

!
I

711!!
4,801|

I
6811
134|
I
" A71|
103|
4,5731

6831
140|
4,879|

!

9221
1861
4,9571

!

tit!
5,500j

S

i

:
II

t n n

••'"I!

' II '
94211

5,09211
II
tZSII
5,63311
II

5 0091

1976 I
SEP. |

1976 |
OCT. |

1975 |
PCT. |

1976 I
1976
SEP. I , OC%.

I

, 7821
2,5911

I
1*8801
7251
2,5931

I
1,7881
735|
2,433|

I
1,9331
7611
2,5*01

I
5621
6571
2391 4?. 270|
2,3511 2,4331

I
6071
2491
2,4381

5731
. .4441
2,348

2521
2*)?3|

I
1,7791
7321
2,430j

2,8221

T„'i
5,067j

1

IIL
N D

1975 |
OCT. |

2

*121

OTHER LENDERS
TOTAL CREDIT (MILLION S I
NUMBER OF CONTRACTS (THOUS.I
AVERAGE SIZE OF CONTRACT ( S I
N 0 T E

1976 |
SEP. |

5,11411

J
2011
2,5721

•4

2,691j
4391
1951
2*2511

2,0261

I
5671
2k8071
I
2771
2,8271

I

.
J
2001
2,7301

til

2,591

I
2801
98|
2,8571

" d
2,5111

; ^ L

p r ,

"

a r i l v

c r e o i t

u n , o n s

-

but

a l s o

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- I S :

tit!
2,246

5351
2201
2,4321

OF CONTRACTS INCLUDE PRECOMPUTEO FINANCE CHARGES AT MOST HOLDERS."-

: % : s : % : : u : Ars%^s:^:d\r::T^::%:



:

5B1
2,431

I
2661
V6|
2.7711

!
2,476|

.

1,767
662
2,591

h u t u a l

s

*

v , n i

*

til
2,506

AUTOMOBILE CREDIT AT FINANCE COMPANIES -

SEASONALLY
ADJUSTED

CREDIT EXTENDED

1975
OCT.
TOTAL CREDIT ( M I L L I O N » )
NUMBER OF CONTRACTS ( T H O U S . l
AVERAGE S I Z E OF CONTRACT ( » )
AVERAGE AMOUNT FINANCED 1 » !
AVERAGE FINANCE RATE ( X I
AVERAGE MATURITY (MONTHS)
PERCENTAGE WITH MATURITIES*
OVER * 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
AVERAGE LOAN-TO-VALUE R A T I O ( X )
PERCENTAGE WITH L / V RATIOS*
OVER 1 1 0 *
101-110X
91-lOOt
9OX OR LESS

|
I

576|
1131
5,0971
4.14*1
13.061
37.91

• ••

I
I
63.01

12.01
I
I

66.01
„ l
13.71
32.91
50.11

I
I
,
|
|

1976
SEP.

1976
OCT.

6291
1151
5,4701
4,4741
13.131
I
39.11

623|
1101
5,664|
4,5661
13.121

17.11
19.81

16.71

51.81
11.41
I
I

88.01
I
3.01
16.71
34.71
45.61

39.3|

20.21
51.5|

12.01
I

87.01
I
3.41
16.71
34.61
45.31

NOT SEASONALLY ADJUSTED
1975
OCT.

I
I

6811
1341
5,0821
4,1891
13.151
I
37.71

1976
SEP.

|
I

616|
1121
5,5001
4,4631
13.211

1976
OCT.

||
||
1|||
||

10.01

676||
120U
5,633H
4,616||
13.20M
11
39.1M
II
15.911
19.511
II
50.511
14.011

86.01

I
I
I
87.0|

13.71
32.31
50.81

„ l
15.91
35.01
46.21

II
87.0||
II
3.411
16.7M
33.911
46.0M

...
•••

!
I
I
62.31
13.61
I
I

39.11
I

16.81

20.0|
53.21

OCTOBER I97fc

SEASONALLY
ADJUSTED
1976
OCT.

|
|

261|
97|
2,6911
2,3161
17.541

1976
SEP.

NOT SEASONALLY AO j d s t E O
|
I

29.71
I

2
« !
2,8271
2,4961
17.54 |
I
30.41
I

I
I
I

I
4.31
52.6|

32.51
13.71

30.3|
13.61
I
95.01

...
...

95.ll
I

10.61

21.91
30.51
36.9|

9.81
22.31
31.11
37.01

1976
QCT.

|
|

280|
98|
2,857|
2,5371
'7.30|
\
I
$0.41

I
4.6|
53.6|
I
29.11
13.31
I
97.01
I
11.51
24.11
30.81
33.81

icr!

I

$ : & ! •
17.79,1

1976
SEP.

|

2661
961
2,7T1|
2,436h
•17.7541

1976
OCT.
258
90
2,867
2,512
17.76

29.91
•

^

:::

I

34.01
15.9|
I
95.0|
I
10.41
21.71
30.51
37.5|

4:1!
32.d!
IS.0|

31.2
15.4

95.01
I

97.0

10.11

22.51
31.31
36.21

NOTE* LOAN RATE AND LOAN TERMS DATA APPLY MAINLY TO CONTRACTS PURCHASED FROM DEALERS.
AVERAGE SIZE 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 PRECOMPUTED
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 1 M I T E U
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 RATE, MATURITY, AND LOAN-TO-VALUE RATIO DATA ARE OBTAINED
FROM A DIFFERENT 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 LESS THAN THREE YEARS OLD.
DATA NOT AVAILABLE BEFORE NOVEMBER, 1975




29.8

11.3
23.8
30.6
34.3