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."'of f*AL Rt^ F E D E R A L R E S E R V E statistical release • G. 11 For immediate release. January 9, 1974 Finance Rate and Other Terms on New and Used Car Instalment Credit Contracts Purchased from Dealers by Major Auto Finance Companies •Period Customer rate (per cent per annum) New Used Total Average maturity (months) Used New Total Average amount financed (dollars) Used New Total Ratio of amount financed to wholesale value (per cent) New Used Total 1972 July August September October November December 11.84 11.85 11.88 11.86 11.89 11.92 16.57 16.62 16.71 16.67 16.78 16.87 13.02 13.04 13.08 13.06 13.11 13.15 35.1 35.2 35.0 34.9 34.9 34.9 28.8 28.6 28.3 28.2 28.0 27.9 33.5 33.6 33.3 33.2 33.2 33.2 3,141 3,116 3,101 3,186 3,179 3,208 1,692 1,671 1,629 1,692 1,706 1,729 2,641 2,600 2,566 2,702 2,675 2,710 87 87 87 87 87 87 100 100 100 100 100 99 90 90 90 90 90 90 11.89 11.86 11.85 11.88 11.91 11.94 12.02 12.13 12.28 12.34 12.40 16.08 16.20 16.32 16.44 16.52 16.61 16.75 16.86 16.98 17.11 17.21 12.93 12.94 12.96 13.02 13.06 13.10 13.20 13.30 13.45 13.52 13.59 34.9 35.0 35.1 35.2 35.3 35.4 35.4 35.4 35.3 35.1 35.1 29.6 29.6 29.5 29.4 29.4 29.3 29.1 28.8 28.5 28.2 27.9 33.6 33.7 33.7 33.8 33.8 33.9 33.8 33.7 33.6 33.4 33.3 3,200 3,199 3,184 3,201 3,225 3,283 3,329 3,347 3,418 3,448 3,400 1,789 1,794 1,787 1,792 1,815 1,837 1,820 1,786 1,780 1,824 1,826 2,668 2,666 2,678 2,704 2,738 2,797 2,834 2,824 2,852 2,935 2,891 87 87 87 88 88 88 88 88 87 88 88 98 99 99 99 99 99 99 99 99 99 100 90 90 90 91 91 91 91 91 90 91 91 1973 January February March April May June July August September October November Note: Rates are reported on an annual percentage rate basis as specified in the Federal Reserve Board's Regulation Z (Truth-in-Lending). Data on the amount financed exclude finance charges.