Full text of E.4 Automobile Credit : November 2, 1979
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• • • • • • • • • --~~ • ·-- FEDERAL RESERVE statistical release ·-...... FOR IMMEDIATE RELEASE NOVEMBER 2, 1979 AUTOMOBILE CREDIT - AUGUST 1979 NEN-CAR INSTALMENT LOAN MATURITIES AT COMMERCIAL BANKS (PUBLISHED HID-MONTH OF EACH QUARTERJ -------------------------------------------------------------------··---------------------------------------------------~----------i PURCHASED PAPER II DIRECT LOANS II TOTAL LOANS PERCENT OF CONTRACTS MADE DURING 1--------------------------------1 1--------------------~---------II------------------------------MONTH WITH MATURITIES OF& I 1978 I 1979 I 1979 II 1978 I 1979 I 1979 II 1978 . I 1979 I 1979 I AUG. I · MAY I AUG. II AUG. I MAY I AUG. II AUG. · I MAY I AUG. ----~---------------------------~------------------------------------------------------------------------------------------------1 II I I II I 10.0 25.7 64.3 30 MONTHS OR LESS Jl-36 MONTHS OVER 36 MONTHS I· I I 7.9 21.1 11.0 8.5 19.8 11.1 II IJ II 17.7 43.8 38.6 I I I . n.a I I I 39.3 42.9 16.2 38.2 45.6 II II II 12.5 32.1 55.5 I - 11.3 I 27.3 I 61.4 -----------------------------------------------------------------------------------------------------------------------------------AUTOMOBILE CREDIT AT FINANCE COMPANIES • MAY 1979 ------------------------------------------------------------------------------------------------------------------------------USED CARS NEW CARS II I CREDIT EXTENDED 1--------------------------------------------·----------------------------------~---------------NOT SEASONSEASONAL!. Y NOT SEASON• SEASONALLY II I ADJUSTED I ALLY ADJUSTED II ADJUSTED ALLY ADJUSTED I 1-----------------------l-------------------~---ll·-----------------·----l----------------------I 1978 I 1979 I 1979 I 1978 I 1979 I 1979 II 1978 I 1979 I 1979 I 1918 -1 1979 I 1979 I AUG. II AUG. I MAY I AUG. I AUG. I MAOW: 13.401 I 44.21 I 57.71 11.21 I 21.31 9.71 I I I 89.01 13.391 I 44.61 I u.ol 10.21 I 20.21 6.71 I I I 89.01 11.111 I 34.41 I I I 22.81 39.81 I 19.51 18.31 18.041 I 34.31 I I I 41.91 42.31 I 7.81 7.61 17.821 I 34.41 I I I 41.11 "4.01 I 8.41 6.91 17~261 11.911 96.01 94o6l 4.41 22.41 37.61 35.61 3.91 20.51 n.o1 Ue4l 25 •• 1 30.51 8.91 2Jo8l 34.71 J2.71 AUG. I MAY I AUG. I AUG. I MAY 13.141 I 43.21 I 48.71 16.01 I 25.11 10.11 I I I 89.01 I 5.31 22.21 35.21 37.51 13.511 I 44olJ I 56.21 lle1l I 21.71 10.61 I I Uo•UI I 44.51 I 61.41 9.91 I 19.61 8.91 I I I 88.71 I 4.41 20.51 36.61 .38.51 u.u1 I 43o3l I 50.01 16.51 I 25.91 7.61 I I I 89.01 4.71 22.21 35.61 37.61 I I AUG. ------------------------------------------------------------------------------5,6521 5,9051 6,2001 5,6291 5,8871 6el751 ----------------------------------------------3t261l 3,6101 3e570I 3,2021 3,6421 3,506 AVERAGE AMOUNT FINANCED CSJ AVERAGE FINANCE RATE CIJ AVERAGE MATURITY CMONTHSJ PERCENTAGE WITH MATURITIES& OVER 42 MONTHS 17-42 NON THS OVER 36 MONTHS 31-36 MONTHS 30 MONTHS OR LESS 25•30 MONTHS 24:MONTHS OR LESS AVERAGE LOAN-TQ-VALUE RATIOIIJ PERCENTAGE NITH L/V RATIOSI OVER 1101 101-1101 91-1001 901 OR LESS I 89.01 I 4.51 22.71 38.01 35.01 I I I I I I I I . 94.5 I I 10.61 25.31 33.91 31.41 I 34.31 I I I 22.11 38.51 I 20.41 19.01 I 96.01 I 12.61 25.71 30.61 31.11 ... I 34.71 I I I 43.01 lt3.4l I 34.3 39.8 lt4.1 8.8 7~41 7.2 6.11 I 95.0 95.01 I 9.9 CJ.itl 25.2 24.51 33.3 34.81 ··-~---31.6 31.31 ______________..__________________________________________________________________________________ -- -u ••• 31.11 NOTEI FINANCE RATES ARE ANNUAL PERCENTAGE RATES AS SPECIFIED BY REGULATION Z ITRUTH-IN-LENDINGI. AVERAGE AMOUNT FINANCED EXCLUDES PRECOMPUTED FINANCE CHARGES. DATA ON AVERA'E MATURITY AND LOAN•TO-VALUE RATIO COME FADM DIFFERENT REPORT FORMS THAN THE MATURITY AND LOAN-TO-VALUE DISTRIIUTIONS. FOR USID-CAA LOANS, THf AVERAGE STATISTICS COVER ALL USED-tAR LOANS AND THE PERCENTAGE DISTRIBUTIONS APPLY ONLY TO CARS LESS THAN THREE YEARS OLD. J7.91 --
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