Full text of E.4 Automobile Credit : September 1, 1976
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FEDERAL R ESERVb ~ statistical release LIBRARY SEP 2 1976 ••• I0B1LE C R E D I T - SEPTEMBER 1 , JUNE 1 9 7 6 1976 O F PDCH-'.-JLND Over-30-Month Used-Car Loans at Finance Companies Over-36-Moeth New-Car Loses at Fioaace Companies BANK D I R E C T LOANS TOTAL C R E D I T ( M I L L I O N S I NUMBER OF CONTRACTS I T H O U S . l AVERAGE S I Z E OF CONTRACT <61 1271 4,1021 i "121 'lit! id BANK PURCHASED PAPER TOTAL CREDIT ( M I L L I O N $ 1 NUMBER OF CONTRACTS ( T H O V S . ) AVERAGE S I Z E OF CONTRACT ( 8 1 7901 1021 4,341J 4,7101 FINANCE COMPANIES TOTAL C R E D I T ( M I L L I O N S I NUMBER OF CONTRACTS ( T H O U S . l AVERAGE S I Z E OF CONTRACT I $ 1 5,010| OTHER LENDERS TOTAL C R E D I T ( M I L L I O N • ) NUMBER O F CONTRACTS ( T H O U S . l AVERAGE S I Z E O F CONTRACT < « 1 4101 971 4,2271 1 1 1 1 ALL HOLDERS TOTAL CREDIT I M I L L I O N S ) NUMBER OF CONTRACTS ( T H O U S . l AVERAGE S I Z E OF CONTRACT | » ) MDTB * SEASONALLY ADJUSTED 1975 JUNE | 1 JII C R E D I T EXTENDED 1 1976 MAY 1 | 4,6421 1976 1 JUNE 1 1631 1976 MAY | | | | 1976 I JUNE I SEASONALLY ADJUSTED 1975 JUNE 1 1 1976 MAY 1 I 1976 JUNE i 1975 1 JUNE 1 1976 MAY 1,8491 7771 2,380| 1,9101 7401 2,5811 2,038 794 2,567 I 5341 2331 2,2921 5721 2321 2,4661 639 263 2,430 2,574 589 4,370 2*796| 5771 4,849# 3,3501 6651 **0381 1,6641 7021 2,3701 1,8361 7121 2,5791 4,6901 580 144 4,026 "TOO | 1521 4,6051 Jiij 5071 2211 2,294| 5541 224| 2,4731 S82! 2391 2,435| 9191 1651 4,9661 4,351 4791 1931 2,4821 2,6201 5371 5,0191 lit id mi 1,0801 4.727J 2171 4,9771 606 121 5,025 5,4341 785! 1431 5,490J 481 116 4,147# 518 ! 1091 4,752| 4,939|| d I 2,2091 558 I 2131 J 2,Ei NOT SEASONALLY ADJUSTED I 1 5,0651 d ,.Ej Jilj 5001 1061 4,7171 | | I 1,7921 7011 2,5561 1 654| 4,6061 NOT SEASONALLY ADJUSTED 1975 JUNE d jsssi.pr,mar,lv c r e o , t unions ' *821 1976 JUNE 551 2,698| 2,5051 2221 2,6221 2,728 2781 981 2,837| 2911 1091 2,6701 I 2901 1041 2,7881 112 2,866 4681 1921 2,4371 4831 2191 2,2051 466! 1821 2,5601 527 217 2,429 I 5 2 3 2 * 1 , " ! ? AVERAGE S I Z E OF CONTRACTS INCLUDE PRECOMPUTED FINANCE CHARGES AT MOST HOLDERS. iZFisui I | b u t a l s o mutual s a v , w $ 202 AUTOMOBILE CREDIT AT FINANCE COMPANIES - SEASONALLY ADJUSTED C R E D I T EXTENDED 1975 JUNE TOTAL C R E D I T ( M I L L I O N S> NUMBER OF CONTRACTS ( T H O U S . ) AVERAGE S I Z E OF CONTRACT I S | AVERAGE AMOUNT FINANCED ( S I AVERAGE FINANCE RATE ( * ) AVERAGE MATURITY (MONTHS) PERCENTAGE WITH M A T U R I T I E S * OVER 4 2 MONTHS 3 7 - 4 2 MONTHS OVER 3 6 MONTHS 3 1 - 3 6 MONTHS 3 0 MONTHS OR LESS 2 5 - 3 0 MONTHS 2 4 MONTHS OR L E S S AVERAGE LOAN-TO-VALUE RATIO I * ) | PERCENTAGE WITH L / V R A T I O S : OVER 1 1 0 % 101-110* 91-100* 9 0 S OR L E S S | | 1975 JUNE | I NOT S E A S O N ALLY ADJUSTED 1976 | JUNE I 5161 103| 5,010| 4,1111 13.191 6161 1131 5,469| 4,4801 13.261 6461 1181 5,4751 4,4891 13.251 37.71 38.71 38.61 14.01 14.01 18.71 54.71 12.31 I I 53.81 12.51 87.01 86.01 86.01 87.01 86.01 86.011 2.41 14.31 33.11 50.11 3.81 15.01 32.21 49.01 3.91 15.21 32.51 48.61 2.31 14.31 33.61 49.81 3.6| 14.81 32.41 49.41 3.711 15.011 64.01 U . 5 | 1976 NOT S E A S O N ALLY ADJUSTED | | - I I 1976 MAY JUNE 18.01 1975 JUNE | | 1976 MAY I | 6081 6631 1211 5,0251 4,125| 13.121 I 37.91 5,4341 4,4671 13.151 I 38.81 I i 64.91 10.01 1221 14.11 19.51 55.21 11.21 i 1976 JUNE II II 78511 14311 5,490|| 4,502|| 13.1711 II 38.9|| II 14.711 19.911 II 54.711 10.7M i! 25:2!! 1976 MAY I | 1976 JUNE | I 1975 JUNE | I 256| 97| 2,6391 2,240| 17.721 2,765| 2,4461 17.761 "J! 2781 98 | 2,8371 2,459| 17.731 2911 1091 2,6701 2,259| 17.671 29.3| 30.01 30.11 29.61 2.9| 52.61 3.2! 52.41 ... I : : : ! 1976 MAY I | 2901 1041 2,7881 2,468| 17.641 I 30.31 321 112 2,866 2,484 17.68 i ,1:1! 3.3 54.2 11.61 30.2 12.3 30.61 15.21 30.51 13.21 30.41 13.71 I 30.61 13.71 97.51 95.01 95.01 97.01 95.01 95.0 9.9| 9.7! 13.41 25.01 29.51 32.11 10.31 23.01 31.11 35.51 22.9 31.2 13.21 24.4| 29.11 33.4| 22.21 31.21 37.31 22.21 31.01 37.91 I 29.4| NOTE* LOAN RATE AND LOAN TERMS DATA APPLY MAINLY TO CONTRACTS PURCHASED FROM D E A L E R S . AVERAGE S I Z E OF CONTRACT I S DERIVED BY D I V I D I N G TOTAL C R E D I T EXTENSIONS FOR ALL FINANCE COMPANIES BY ESTIMATED NUMBER OF CONTRACTS* I T INCLUDES PRECOMPUTED FINANCE CHARGES INCORPORATED I N THE C R E D I T EXTENSION S T A T I S T I C S . AVERAGE AMOUNT FINANCED I S BASED ON DATA FROM A L I M I T E D SAMPLE OF FINANCE COMPANIES* I T EXCLUDES ANY PRECOMPUTED FINANCE CHARGES. FINANCE RATES ARE ANNUAL PERCENTAGE RATES AS S P E C I F I E D BY.REGULATION Z ( T R U T H - I N - L E N D I N G ) . AVERAGE LOAN R A T E , MATURITY, AND LOAN-TO-VALUE R A T I O DATA ARE OBTAINED FROM A D I F F E R E N T SAMPLE THAN THE LOAN TERMS PERCENTAGE D I S T R I B U T I O N S . USED-CAR LOAN MATURITY AND LOAN-TO-VALUE DATA APPLY ONLY TO CARS L E S S THAN THREE YEARS O L D . DATA NOT AVAILABLE BEFORE NOVEf 30.4 10.1