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FEDERAL statistical Tji RESERVE release For immediate release August 1, 1973 G.ll (J. Finance Rate and Other Terms on New and Used Car Instalment Credit Contracts Purchased from Dealers by Major Auto Finance Companies Period Average maturity (months) New Used Total Customer rate (per cent per annum) New Used Total Average amount financed (dollars) Used Total New Ratio of amount financed to wholesale value (per cent) New Used Total 1972 January February March April May June July August September October November December 12.07 11.99 11.92 11.87 11.86 11.85 11.84 11.85 11.88 11.86 11.89 11.92 16.17 16.27 16.32 16.40 16.47 16.52 16.57 16.62 16.71 16.67 16.78 16.87 13.09 13.06 13.02 13.00 13.01 13.01 13.02 13.04 13.08 13.06 13.11 13.15 34.9 34.9 35.0 35.0 35.0 35.1 35.1 35.2 35.0 34.9 34.9 34.9 29.2 29.2 29.1 29.1 29.0 28.9 28.8 28.6 28.3 28.2 28.0 27.9 33.5 33.5 33.5 33.5 33.5 33 .6 33.5 33.6 33.3 33.2 33.2 33.2 3,014 3,018 3,029 3,058 3,075 3,119 3,141 3,116 3,101 3,186 3,179 3,208 1,645 1,645 1,645 1,648 1,668 1,676 1,692 1,671 1,629 1,692 1,706 1,729 2,447 2,456 2,482 2,521 2,561 2,609 2,641 2,600 2,566 2,702 2,675 2,710 86 87 87 87 87 87 87 87 87 87 87 87 97 98 99 99 100 100 100 100 100 100 100 99 89 90 90 90 90 90 90 90 90 90 90 90 11.89 11.86 11.85 11.88 11.91 11.94 16.08 16 .20 16.32 16.44 16.52 16.61 12.93 12.94 12.96 13.02 13.06 13.10 34.9 35.0 35.1 35.2 35.3 35.4 29.6 29.6 29.5 29.4 29.4 29.3 33.6 33.7 33.7 33.8 33.8 33.9 3.200 3,199 3,184 3.201 3,225 3,283 1,789 1,794 1,787 1,792 1,815 1,837 2,668 2,666 2,678 2,704 2,738 2,797 87 87 87 88 88 88 98 99 99 99 99 99 90 90 90 91 91 91 1973 January February March April May June Note: (Truth-in-Lending). Data on the amount financed exclude finance charges. JL L e u oil Clll d l i i i u o JL p c j . ^ c u t « 6 w O.V-U.V- 1
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