The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Of GOw FEDERAL RESERVE statistical release mil G.ll For immediate release March 14, 1975 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 1/ Total Average maturity (months) New Used Total Average amount financed (dollars) New Used Total Ratio of amount financed to wholesale value (per cent) New Used Total 1974 January February March April May June July August September October November December 12 .39 12 .33 12 .29 12 .28 12 .36 12 .50 12 .58 12 .67 12 .84 12 .97 13 .06 13 .10 16 .56 16 .62 16 .69 16 .76 16 .86 17 .06 17 .18 17 .32 17 .61 17 .78 17 .88 17 .89 13 .42 13 .39 13 .38 13 .39 13 .48 13 .63 13 .72 13 .82 14 .03 14 .16 14 .26 14 .29 35 .2 35 .3 35 .4 35 .5 35 .6 35 .9 35 .9 36 .0 35 .9 36 .0 36 .2 36 .4 29 .3 29 .4 29 .2 29 .2 29 .1 29 .0 29 .0 29 .5 28 .6 28 .5 28 .3 28, .1 33 .7 33 .8 33 .8 33 .9 33 .9 34 .1 34 .2 34 .3 34 .1 34, .1 34 .2 34 .3 3,369 3,402 3,450 3,480 3,531 3,587 3,636 3,622 3,625 3,793 3,906 3,976 1,905 1,945 1,921 1,947 1,974 1,991 2,005 1,994 2,005 2,055 2,102 2,112 2,785 2,806 2,856 2,884 2,958 3,025 3,074 3,076 3,043 3,167 3,213 3,257 88 88 88 88 88 88 88 88 87 87 87 86 97 97 98 99 99 99 99 99 99 97 97 96 90 91 91 91 91 91 91 90 90 89 89 88 1975 13.08 17.27 14.12 36.9 29.8 35.1 3,931 2,212 3,209 87 95 89 January February March April 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. 1/ Decreases in finance rates for used cars from December to January reflect customary procedures observed by finance companies in establishing "aging dates" for used vehicles.
