Full text of E.4 Automobile Credit : January 17, 1980

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FEDERAL RESERVE statistical release
E.4U14J

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FOR IMMEDIATE RELEASE
JANUARY 17, 1980
AUTOMOBILE CREDIT -

NOVEMBER 1979

NEw-CAR INSTAlMENT LOAN MATURITIES AT COMMERCIAL BANKS
IPUBLISHEO HID-MONTH OF EACH QUARTE~J
PURCHASED PAPER
II
Dl RECT LOANS
II
TOTAL LOANS
I
PERCENT Of CONTRACTS MADE DURING 1 - - - - - - - - - - - - - - - - - - - - I I - - - - - - - - - - - - - - - - - - - - - - - I I - - - - - - - - - - - - - - - - - NONTH WITH MATURIUES OF:
I
1978
I
1979
I
1979
II
1978
I
1979
I
1979
II
1978
I
1979
I
1979
I
NOV.
I
AUG.
I
NOV.
II
NOV.
I
AUG.
I
NOV.
II
NOV.
I
AUG.
I
NOV.

·-------------------

30 MONTHS OR LESS
31-36 MONTHS
OVER 36 MONTHS

8.5
19.8

10.3
24.4
65.4

10.1
21.0
68.9

71.7

II
II
II
II

21.8
42.5
35.7

16.2
38.2
45.6

16.3
38.7
45.1

II
II
II
II

14.o

11.3
25.6
63.1

30.3
55.7

12.3

26.6
61.1

------------------------------------------------------------------------------------------------------------------------------AUTOMOBILE CREDIT AT FINANCE COMPANIES - NOVEMBER 1979
------------------------------------------------------------------------~-----------------------------------------------------I
NElli CARS
II
USED CARS
CREDIT EXTENDED

l--------------------------------------------------------------------------------SEASONALLY
. I
NOT SEASONII
SEASONALLY
I
NOT SEASON-

1
I
I

AVERAGE AMOUNT FINANCED ($)
AVERAGE FINANCE RATE (~J
AVERAGE MATURITY IMONTHSJ
PERCENTAGE WITH MATURITIES:
OVER 42 MONTHS
37-42 MONTHS
OVER 36 MONTHS
31-36 MONTHS
30 MONTHS OR LESS
25-30 MONTHS
24 MJNTHS OR LESS

..

.,

AVERAGE LOAN-TO-VAlUE RATIOI.J
PERCENTAGE WITH L/V RATIOS:
OVER 110~
101-110.
91-100.
90. OR LESS

ADJUSTED

I

ALLY ADJUSTED

II

ADJUSTED

I

ALLY ADJUSTED

l---------------------l-----------------------1
l 197B I 1979 I 1979 I 1978 I 1979 I 1979 II1-----------------------l----------------------1978 I 1979 I 1979 I 1978 I 1979 I 1979
NOV. I

AU~.

I

NOV. I

NOV. I

AUG. I

NOV. II

NOV. I

AUG. ·I

NOV. I

NOV. I

AUG. I

NOV.

6,2001
13.421
I
44.51
I
61.41
14.11 . 9.91
I
I
25.01
19.61
9. 21
8.91
I
I
I
I
I
I
89.11
88.71
I
I
3.81
4.41
20.01
20.51
37.61
36.61
38.41
38.51

6,1911
13.681
I
44.61
I
63.21
9.41
I
20.11
7.81
I
I
I
88.11
I
3.81
20.41
36.01
39.81

5,8561
13.161
I
43.41
I
50.21
13.31
I
24.71
11.71
I
I
I
89.01
I
4.11
20.31
37.21
38.41

6, 17 51
13.391
I
44.61
I
63.01
10.21
I
20.21
6. 71
I
I
I
89.01
I
3. 91
20.51
37.01
38.61

6,2591
13.821
I
4it.31
I
60.71
9.41
I
20. Ol
10.01
I
I
I
88.01
I
4.01
20.71
35.61
39.81

3,3621
17.541
I
.33.U
I
I
I
30.91
50.11
I
12.51
7.41
I
97.01
I
!1.21
26.91
32.41
29.91

3,5701
17.821
I
34.41
I
I
I
41.11
44.01
I
8.41
6.91
I
94.51
'I
10.61
25.31
33.91
31.41

3,4911 3,3351
18.071 11.871
I
I
34.41
32.BI
I
I
I
I
I.
I
39.41
28.91
45.01
48.01
I
I
8.91
13.91
7.21
9.21
I
I
97.01
97.01
I
I
10.91
11.21
26.41
7.5.01
32.51
32 .o I
30.81
31.71'

3,5061
17.911
I
34.31
I
I
I
39.81
44.11
I
8.81
7.21
I
95.01
I
9.91
25.21
33.31
31.61

3o463
18.41

5,7921
13.031
I
43.71
I
52.31

33.4 .

35.4
44.0
ll.3
9.2
96.0
10.9
24.5
32.1
32.7.

-------------------------------------------------------------------------------.

NOTE: FINANCE RATES ARE ANNUAL PERCENTAGE RATES AS SPECIFIED BY REGULATION l ITRUTH-IN-LENOINGJ. AVERAGE
AMOUNT FINANCED EXCLUOES PRECOMPUTED FINANCE CHARGES. DATA ON AVERAGE MATURITY AND LOAN-TO-VALUE RATIO
COME FROM DIFFERENT REPORT FORMS THAN THE MATURITY AND LOAN-TO-VALUE DISTRIBUTIONS. FOR USED-CAR LOANS, THE
AVERAGE STATISTICS COVER ALL USED-CAR LOANS AND THE PERCENTAGE DISTRIBUTIONS APPLY ONLY TO CARS LESS THAN
THREE YEARS OLD.