The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
: dvf FEDERAL RESERVE statistical release For immediate r e l e a s e December 11, 1974 G .11 Finance Rate and Other Terms on New and Used Car I n s t a l m e n t C r e d i t C o n t r a c t s Purchased from Dealers by Major Auto Finance Companies Period Customer r a t e (per cent per annum) New Used 1/ T o t a l Average m a t u r i t y (months) Total Used New Average amount financed (dollars) Used Total New R a t i o of amount f i n a n c e d t o wholesale value (per c e n t ) Used Total New 1973 October November December 12.34 12.40 12.42 17 .11 17 .21 17 .31 13.52 13.59 13.63 35.1 35.1 35.1 28.2 27.9 27 .6 33.4 33.3 33.2 3,448 3,400 3,357 1,824 1,826 1,805 2,935 2,891 2,845 88 88 88 99 100 99 91 91 91 12.39 12.33 12.29 12.28 12.36 12.50 12.58 12.67 12.84 12.97 16.56 16.62 16.69 16.76 16.86 17.06 17.18 17.32 17.61 17.78 13.42 13.39 13.38 13.39 13.48 13.63 13.72 13.82 14.03 14.16 35.2 35.3 35.4 35.5 35.6 35.9 35.9 36.0 35.9 36.0 29.3 29.4 29.2 29.2 29.1 29.0 29.0 29.5 28.6 28.5 33.7 33.8 33.8 33.9 33.9 34.1 34.2 34.3 34.1 34.1 3,369 3,402 3,450 3,480 3,531 3,587 3,636 3,622 3,625 3,793 1,905 1,945 1,921 1,947 1,974 1,991 2,005 1,994 2,005 2,055 2,785 2,806 2,856 2,884 2,958 3,025 3,074 3,076 3,043 3,167 88 88 88 88 88 88 88 88 87 87 97 97 98 99 99 99 99 99 99 97 90 91 91 91 91 91 91 90 90 89 1974 January February March April May June July August September October Note: Rates a r e r e p o r t e d on an annual percentage r a t e b a s i s as s p e c i f i e d in the F e d e r a l Reserve B o a r d ' s R e g u l a t i o n Z ( T r u t h - i n - L e n d i n g ) . Data on the amount financed exclude f i n a n c e c h a r g e s . 1/ Decreases in f i n a n c e r a t e s f o r used c a r s from December t o January r e f l e c t customary procedures observed by f i n a n c e companies in e s t a b l i s h i n g "aging dates 1 1 f o r used v e h i c l e s .
@FedFRASER