Full text of E.4 Automobile Credit : November 11, 1976

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AUTOMOBILE CREDIT - SEPTEMBER lV7fc
I
O v e r - 3 0 - M o n t h Used-Car Loans at Fipance Companies

Percent

Used C a r Dealer Cost R a t i o Over 100%

CREDIT EXTENDED
|
I

1975
SEP.

|
I

1976 |
SEP. I

1975
SEP.

|
|

1976 I
AUG. I

1976 I I
SEP. I I

1975 I
SEP. I

1V76 |
AUG. I

1976 I
SEP. |

I
|
I
I

I
2,4981
5451
4,5831

I
2,8111
5531
5,0831

I
2,7971
5521
5,0671

I
2,5321
5551
4,5621

I
3,1251
6231
5,016|

II
2,78711
55111
5,05811

I
1,895|
726|
2,610|

I

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

I
5941
1371
4,3361

7041
1431
4,9231

596|
1391
4,288|

7391
1521
4,8621

II
68311
14011
4,87911

8701
1921
4,5311

I
6921
1391
4,9781
I
I
970|
1981
4,899j

I
1,8531
7581
2,4451
I
I
5921
2501
2,3681

FINANCE COMPANIES
TOTAL CREDIT (MILLION $ )
NUMBER OF CONTRACTS (THOUS.)
AVERAGE SIZE OF CONTRACT ( $ )

I
5861
1161
5,0521

OTHER LENDERS
TOTAL CREDIT (MILLION S)
NUMBER OF CONTRACTS (THOUS.)
AVERAGE SIZE OF CONTRACT ( $ )

I
4481
1001
4,4801

ALL HOLDERS
TOTAL CREDIT (MILLION S)
NUMBER OF CONTRACTS tTHOUS.1
AVERAGE SIZE OF CONTRACT ( $ )
BANK DIRECT LOANS
TOTAL CREDIT (MILLION S I
NUMBER OF CONTRACTS (THOUS.)
AVERAGE SIZE OF CONTRACT ( $ )

NOTE:

I
I

1976
AUG.

!

!
!

I
951|
1921
4,953j

8651
191|
4,529|

1,0891
2241
4,8621

6381
116|
5,5001

6291
1151
5,4701

I
5731
1131
5,0711

7101
1301
5,4621

I
5111
1001
5,1101

I
5131
1021
5,029|

I
498|
1121
4,4461

5871
1171
5,0171

II
92211
18611
4,95711
II

61^1:1

11211
5,50011
II
II
566||
11311
5,00911

I
5251
2041
2,5741

I
6181
2521
2,4521
I
I
4881
1741
2,8051

2641
961
2,750j

I
2831
100|
2,8301

4721
2081
2,2691

I
5061
2001
2,530|

2,0261
7821
2,5911
I

1975 |
SEP. |
1,7691
7401
2,391|

I
6571 i
5551
2701
2391
2,4331
2,3221
I
I
I
I
461|
5671
2021
1911
2,8071 2,518|
I

1976 |
AUG. |
I
1,9571
7621
2,568|
I
I
6201
2581
2,403|
I
I
5101
1831
2,7871

1,933
761
2,540

252
2,393
529
2,741

2771
98|
2,8271

25l|
941
2,6701

2951
106|
2,7831

2,771

I
5251
2121
2,4761

4821
216|
2,231|

I
5321
2151
2.4741

535
220
2,432

DATA FOR TOTAL CREDIT AND AVERAGE SIZE OF CONTRACTS INCLUDE PRECOMPILED FINANCE CHARGES AT MOST HOLDERS.
BANK REFERS TO COMMERCIAL BANKS ONLY* OTHER LENDERS INCLUDE PRIMARILY CREDIT UNIONS, BUT ALSO MUTUAL SAVINGS
LOAN ASSOCIATIONS AND AUTOMOBILE DEALERS.

 BANKS, SAVINGS AND


1976
SEP.

33;

AUTOMOBILE CREDIT AT FINANCE COMPANIES NEW CARS
SEASONALLY
ADJUSTED

CREDIT EXTENDED

TOTAL CREDIT (MILLION $ )
NUMBER OF CONTRACTS (THOUS.)
AVERAGE SIZE OF CONTRACT I S )
AVERAGE AMOUNT FINANCED ( $ )
AVERAGE FINANCE RATE ( * )
AVERAGE MATURITY (MONTHS)
PERCENTAGE WITH MATURITIES:
OVER 42 MONTHS
OVER 36 MONTHS
3 1 - 3 6 MONTHS
30 MONTHS OR LESS
2 5 - 3 0 MONTHS
24 MONTHS OR LESS

I
I

SEPTEMBER 1976
USED CARS

II
NOT SEASONALLY ADJUSTED

||
II

SEASONALLY
ADJUSTED

1975 |
SEP. I

1976
AUG.

|
|

1976 |
SEP. |

1975
SEP.

|
I

1976 |
AUG. I

1976
SEP.

||
II

1975 |
SEP. I

1976 |
AUG. I

586|
116|
5,0521
4,1231
13.111
I
37.71

6381
1161
5,5001
4,501|
13.211

6291
1151
5,4701
4,4741
13.131

573|
113|
5,0711
4,134|
13.181

710|
1301
5,4621
4,4831
13.181
I
39.21
I
16.51

616 M
11211
5,50011
4,48311
13.2111

264|
96|
2,7501
2,3121
17.521

39.111
M

29.61
I
I
I
' •••
I
•*•
I
I
31.91
14.11
I
95.51
I
10.51

2831
100 |
2,8301
2,4911
17.621
I
30.2 1
I
I
I
3.91
52.51
I
30.11
13.81
I
95.01
I
9.71

3l.0|
36.91

31.01
37.1 I

39.11
I
16.71

I
I
I
I
1

1
62.31
12.41
1
1

1
52.51
10.9|
1
1

AVERAGE LOAN-TO-VALUE R A T I O U M
PERCENTAGE WITH L / V RATIOS:
I
OVER 1 1 0 *
I
101-110%
1
91-100%
1
90% OR LESS
1

87.01
1
2.51
15.11
33.21
48.91

88.01
1
3.11
16.6|
34.11
45.91

39.11
I
17.11
19.81
1
51..81
11..41
1
j
88,.01
1
3..01
16,.71
34.71
45 . 6 1

37.7|
I

M

16.8M

20.6}

20.OM

1
63.9|
10.7|
1
1

54.31
8.6|
1
1

53.211
10.0H

86.0|
1
2.4|
14.21
33.6|
49.8|

88.01
1
2.9|
16.01
34.61
46.51

|

II
II
87.011
II

2.9||

15.911
35.0M
46.211

22.11

22.11

NOT SEASONALLY ADJUSTED

I
I
-I1976 I
SEP. I

1975 t
SEP. I

1476 |
AUG. I

2771
9b I
2,8271
2,4961
17.541
I
30.41
I
I
I
4.31
52.6 1
I
30.31
13.61
I
95.01
I
9.81
*2.31
31.11
37.01

2511
941
2,6701
2,2561
17.731
I
29.21
I
I
I
•ti
I
...
I
I
33.11
15.41
I
95.01
I
10.91
22.51
30.91
35.81

2951
1061
2,7831
2,4461
17.711
I
30.11
I
I
I
3.6|
51.21
I
31.11
14.01
I
95.01

1976
SEP.

2,771
2,436
17.75

9.6|
22.71
31.61
36.21

NOTE: LOAN RATE APD LOAN TERMS DATA APPLY MAINLY TO CONTRACTS PURCHASED FROM DEALERS. AVERAGE SIZE OF CONTRACT I S DERIVED
BY DIVIDING TOTAL CREDIT EXTENSIONS FOR ALL FINANCE COMPANIES BY ESTIMATED NUMBER OF CONTRACTS; I T INCLUDES PRECOMPUTEO
FINANCE CHARGES INCORPORATED I N THE CREDIT EXTENSION STATISTICS. AVERAGE AMOUNT FINANCED I S BASED ON DATA FROM A LIMITED
SAMPLE OF FINANCE COMPANIES; I T EXCLUDES ANY PRECOMPUTEO FINANCE CHARGES. FINANCE RATES ARE ANNUAL PERCENTAGE RATES AS
SPECIFIED BY REGULATION Z (TRUTH—IN—LENDING I .
AVERAGE LOAN RATE, MATURITY, AND LOAN-TO-VALUE RATIO DATA ARE OBTAINED
FROM A DIFFERENT SAMPLE THAN THE LOAN TERMS PERCENTAGE DISTRIBUTIONS. USED-CAR LOAN MATURITY AND LOAN-TO-VALUE DATA
APPLY ONLY TO CARS LESS THAN THREE YEARS OLD.
DATA NOT AVAILABLE BEFORE NOVEMBER, 1975




3.8
49.2
32.0
15.0
95.0

10.1

22.5
31.3
36.2