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FEDERAL RESERVE statistical release For immediate release October 12, 1972 G .11 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 amount financed (dollars) New Used Total Average maturity (months) New Used Total Ratio of amount financed to wholesale value (per cent) New Used Total 1971 June July August September October November December 12.13 12.10 12.11 12.10 12.06 12.06 12.11 16.62 16.69 16.78 16.77 16.08 16.16 16.26 13.25 13.24 13,27 13.26 13.06 13.08 13.14 35.0 35.0 35.0 34.9 34.8 34.8 34.8 28.6 28.5 28.3 28.1 29.4 29.2 28.9 33.4 33.4 33.3 33.2 33.5 33.4 33.3 3,045 3,059 3,039 3,041 3,052 3,054 3,089 1,624 1,611 1,578 1,559 1,622 1,632 1,632 2,476 2,495 2,474 2,505 2,557 2,534 2,515 87 87 87 86 85 85 86 99 98 99 99 97 97 96 90 90 90 89 88 88 88 12.07 11.99 11.92 11.87 11.86 11.85 11.84 11.85 16.17 16.27 16.32 16.40 16.47 16.52 16.57 16.62 13.09 13.06 13.02 13.00 13.01 13.01 13.02 13.04 34.9 34.9 35.0 35.0 35.0 35.1 35.1 35.2 29.2 29.2 29.1 29.1 29.0 28.9 28.8 28.6 33.5 33.5 33.5 33.5 33.5 33.6 33.5 33.6 3,014 3,018 3,029 3,058 3,075 3,119 3,141 3,116 1,645 1,645 1,645 1,648 1,668 1,676 1,667 1,671 2,447 2,456 2,482 2,521 2,561 2,609 2,627 2,600 86 87 87 87 87 87 87 87 97 98 99 99 100 100 100 100 89 90 90 90 90 90 90 90 ?72 January February March April May June July August 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. # # # # # # # # # # #
