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• • • FEDERAL • • RESERVE • • ( statistical G.ll release For immediate release June 28, 1973 Finance Rate and Other Terms on New and Used Car Instalment Credit Contracts Purchased from Dealers by Major Auto Finance Companies Customer rate (per cent per annum) New Used Total Period Average maturity (months) New Used Total A v e r a g e amount financed (dollars) New Used Total 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 January February March April 11.89 11.86 11.85 11.88 16 16 16 16 .08 .20 .32 .44 12.93 12.94 12.96 13.02 34.9 35.0 35.1 35.2 29.6 29.6 29.5 29.4 33.6 33.7 33.7 33.8 May 3,200 3,199 3,184 3,201 11.91 16 .52 13.06 35.3 29.4 33.8 3,225 1,789 1,794 1,787 1,792 1.815 2,668 2,666 2,678 2,704 2,738 87 87 87 88 88 98 99 99 99 99 90 90 90 91 91 1973 Note: are reported on an annual percentage rate basis as specified in the Federal Reserve Board 1 s (Truth-in-Lend ing) Data on the amount financed exclude finance charges.
@FedFRASER