Full text of E.4 Automobile Credit : October 14, 1980

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FEDERAL RESERVE statistical release
E.~ (11~)

FOR IMMEDIATE REL~ASE
OCTOBER 1q, 1980
AUTOMOBILE CREDIT -

AUGUST 1980

NEW-CAR INSTALLMENT LOAN MATURITIES AT COMMERCIAL BANKS
(PUBLISHED KID-MONTH OP BACH QUARTER)
I
PURCHASED PAPER
II
DIRECT LOANS
II
TOTAL LOANS
PERCENT CF CONTRACTS MADE DURING 1--------------------------------11--------------------------------11-----------------------------KONTH WI1H KA1URITI!S OF:
I
1979
I
1980
I
1980
II
1979
I
1980
I
1980
II
1979
I
1980
I
1980
I
AUG.
I
MAY
I
AUG.
II
AUG.
I
KAY
I
AUG.
II
AUG.
I
KAY
I
AUG.
13.0
23.8
63.2

8.5
19.8
71.7

3Q KCN!HS OR LESS

31-36 MONTHS
OVER 36 MONTHS

9.7
19.2
71.2

II
II
II
II

16.2
38.2
45.6

20.4

15.1
33.9
51.0

q 1. 4

38.2

II
II
II
II

11.3
25.6
63.1

14.8
31. 1
54.1

11.5
25.1
63.5

AUTOMOBILE CREDIT AT FINANCE COMPANIES - AUGUST 1980
I

II

NEW CARS

USED CARS

1--------------------------------------------------------------------------------------------l
SEASONALLY
I
NOT SEASONII
SEASONALLY
I
NOT SEASONCRE tiT EXTENDED

AVERAGE AIIOONT FINANCED ($)
AVERAGE FINANCE RATE (%)
AVERAGE MATURITY (MONTHS)
PERCENTAGE WITH MA!URITIES:
OVER 42 IICNTHS
37-~2 IION1HS
OVER 36 !ICNTHS
31-36 MOUHS
30 !ION1HS OR LESS
25-30 !ION'lHS
2~ KON1HS OR LESS

I
ADJUSTED
I
ALLY ADJUSTED
II
ADJUSTED
I
ALLY ADJUS1ED
l-----------------------1-----------------------ll----------------------l----------------------l
1979 I 1980 I 1980 I 1979 I 1980 I 1980 II 1979 I 1980 I 1980 I 1979 I 1980 I 1980
I AUG. I IIAY I AUG. I AUG. I !lAY I AUG. II AUG. I !!AY I . OG. I AUG. I IIAY I AUG.
I
I
I
I
I
I
I
I
I
I
I

I
I
AVERAGE LOAN-TO-VALUE RATI0(1>) I
PERCENTAGE WITH L/V RATIOS:
I

OVER 110%
101-110%
91-100%
90~ CE LESS

I
I
I
I

6,2001
13. 421
I
44.51
I
61.41
9.91
I
19.61
8. 91
I
I
I
88.71
I
4. 4 I

20.51
36.61
38.51

6,1911
15.361
I
44.31
I
64.81
7.71
I
18.51
8.41
I
I
I
86.01
I
2.71
17.71
35.01
44.51

6,3531
1ij.761
I
44.91
I
70.51
6-61
I
14.71
7.71
I
I
I
87.71
I
4. OJ

20.81
35.21
40.11

6,1751
13.391
I
4ij.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

6,1721
15.2ijl
I
ij4. 41
I
66.61
7.111

I
18.31
7.71
I
I
I
86.01
I
2.71
17. q I

3ij. 61
115.111

6,32811
1ij.7311
II
45. Oil
II
72.311
6. 811
II
15. 111
5. 811
II
II
II
88.011
II

3. 511

20.811
35.611
qo. 211

3,5701
17. 821
I
3ij.ijl
I
I
I
41.11
44.01
I
a. ql
6.91
I
9ij.51
I
10.61
25.31
33.91
31.41

3,6511
19.561
I
34.31
I
I
I
qq.ql
37.91
I
7.21
9.91
I
93.01
I
7.91
21.51
33.21
37.41

3,8601
19.231
I
34.91
I
I
I
ij9.51
37.01
I
6. 11
7.31
I
9ij.51
I
11.71
25.51
32.81
30.61

3,5061
11.911
I
3ij.31
I
I
I
39.81
4ij.11
I
a. Bl
7.21
I
95.01
I
9.91
25.21
33.31
31.61

NOTE: FINANCE RATE_S ARE ANNUAL PERCENTAGE RUES AS SPECIFIED BY REGULATION Z (TRUTH-IN-LEIIDIIIG). AVERAGE
AMOUNT FINANCED EXCLUDES PRECOMPUTED FINANCE CHARGES. DATA ON AVERAGE MATURITY AND LCAN-TO-VALUE RATIO
COME FRCM DIFFERENT REPORT FORMS THAN THE MATURITY AND LOAN-TO-VALUE DISTRIBUTIONS. FOR USED-CAR LOANS, THE
AVERAGE STA1ISTICS COVER ALL USED-CAR LOANS AND THE PERCENTAGE DISTRIBUTIONS APPLY ONLY 10 CARS LESS THAN ·
1HREE YEARS OLD.
'




3,6841
19.ij21
I
34.71
I
I
I
ij7.1fl
37.ijl
I
6.5J
8.61
I
93.01
I
8.31
22.11
33.61
36.11

3,791
19.33
34.8

ij9.6
36.0
6.6
7.9

95.0
11.0

25.7
32.9
30.5