Full text of E.4 Automobile Credit : January 26, 1981

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FEDERAL RESERVE statistical release
E.4(114)
FOR IMMEDIATE RELEASE
JANUARY 26, 1981
AUTOI'tOBILE CREDIT -

NOVEMBER 1980

HEW-CAR IRSTALL&EN'l' LOAN MATURI1'IES .lT COMMERCIAL BANKS
(PUBLISHED MID-MONTH OP EACH QUARTER}
I
PURCHASED PAPER
It
DIRECT LOANS
II
TOTAL LOANS
PERCENT OF CCNfRACTS MADE DITRING I--------------------------------11--------------------------------IJ-----------------------------MONTH WI'I!! UTURITIES OF:
I
1979
I
1980
I
1980
II
1979
I
1980
I
1980
II
1979
I
1980
I
1980
I
NOV.
I
AUG.
I
NOV.
II
NOV.
I
AUG.
I
NOV.
II
NOV.
I
AUG.
I
NOV.
30 MONTHS OR Lgss
31-36 MONTHS
OVER 36 MONTHS

10.1
21.0
68.9

9.7
19.2
71.2

11.9
18.9
69.2

II
II
II
II

16.3
38.7
45.1

15. 1
33.9
51.0

18.5
34.6
46.9

II
II
II
II

12.3
26.6
61.1

13.9
25.6
60.5

11.5
25.1
63.5

AUTOMOBILE CREDIT AT FINANCE COMPANIES - NOVEMBER 1980

CREDIT EXTENDED

NEW CARS
USED CARS
I
n
1-----------------------------------------------------------------------------------------------SEASONALLY
NOT SEASONSEASONALLY
HO~l SEASON1
I
II
I
ADJUSTED
ALLY ADJUSTED
ADJUSTED
ALLY ADJUSTED
I
I
II
I
l-----------------------1-----------------------ll-----------------------l----------------------I 1979 I 1980 I 1980 I 1979 I 1980 I 1980 II 1979 I 1980 I 1980 I 1979 I 1980 I 1980
I NOV. I AUG. I NOV. I NOV. I AUG. I NOV. II NOV. I AUG. I NOV. I NOV. I AUG. I NOV.

------------------------------------------------------------------------------------------------------------------------------AVERAGE AI'JOUNT FINANCED ($)
6,65911 3,LI911 3,8601 4,0271 3,LI631 3, 791 I 3,995
I 6,1911 6,3531 6,5861 6,2591 6,3281
AVERAGE FINANCE RATE ('1.)

I
I
AVERAGE MATURITY (MONTHS)
I
PERCENTAGE WITH I'JATURITil'!S:
I
OVER 42 MCNTHS
I
37-42 MON'I'lS
I
OVER 36 MCNTHS
I
31-36 MON'IHS
I
30 MONT!!S OR LESS
I
25-30 I!ON':IHS
I
24 :'IONTHS OR LESS
I
I
AVERAGE LOAN-TO-VALUE RATIO("'.) I
PERCENTAGE WITH L/V RATIOS:
I
OVER 110~
I
101-110'F,
I
91-100'7,
I
90% OR LESS
I

13.681
I
44. 61
I
63.21
9.41
I
20. 11
7. 81
I
I
I
88. 1 I
I
3. 81
20.41
36.01
39.81

1 Ll. 761

t

Ll4.91
1
7 o. 51
6. 61
1
14.71
7. 71
I
I
I
87.71
I
~- 01
20. 81
35.21
4 0. 11

15.101
I
45. 11
I
72.31
6.01
I
15.21
7. 1 I
I
I
I
88. 11
t

3.31
19.71
35. 61
41.31

13.821
I
LILI.31
I
60.71
9.41
I
20.01
10.01
I
I

I

88.01
I
4.01
20.71
35.61
39.81

1LI. 731
I
LIS. OJ
I
72.31
6.81
I
15. 1 I
5. 81
I
I
I
88.01
I
3. 51
20.81
35.61
LIO. 21

15.2511
II
4LI. 81 I
II
68.211
7. 011
II
15.811
9. 11 I
II
II
II
88. Oil
II
3. 51 I
20.0 I I
35.21 I
41.31 I

18.071
I
34.41
I
I
J
39.41
45. o I
I
8.91
7. 21
I
97.01
I
11. 21
25.01
32. 51
31.71

19.231
I
34.91
I
I
I
49.51
37.01
I
6. 1 I
7.3J
I
9ll. 5 I
I
11. 71
25.51
32.81
30.61

18.941
I
35.41
I
I
I
SO.LII
37.41
I
5. 91
7. 11
I
95.01
I
9. 11
25.31
33.91
31.81

18. Ll11
I
33.41
1
I
I
35.41
4LI.OI
I
11.31
9. 21
I
96.01
I
10.91
2li.Sl
32.11
32.71

19.331
I
3LI.81
I
I
I
49.61
36.01
I
6.61
7.81
I
95.01

/1

11.0 I
25.71
32.91
30.51

19.36
3LI.4

47.5
36.4
7.1
9.1
95.0
8.9
2!1.8
33.5
32.8

-------------------------------------------------------------------------------------------------------------------------------

NOTE: FINANCE RATES ARE ANNUAL ?ERCENTAGE RA1ES AS SPECIFIED BY REGULATION Z (TRU'IH-IN-LENDING). AVERAGE
AMOUNT FINANCED EXCLODES PRECO~PUTED FINANCE CHARGES. DATA ON AVERAGE MATURITY AND LOAN-TO-VALUE RATIO
COME FROM DIFFERENT REPORT FORMS THAN THE MATURITY AlJD LOAN-~0-VALUE DISTRIBUTIONS. FOR USED-CAR LOANS, THE
AVERAGE STATISTICS C0VER ALL USED-CAR LOANS AND THE PERCENTAGE DISTRIBUTIONS AP2LY ONLY TO CARS LESS THAN
':IHRFE YEARS OLD.