The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
• • •'obfcov/-. FEDERAL RESERVE • statistical G. 11 release For immediate release October 2, 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 May June July August September October November December 12.36 12.50 12.58 12.67 12.84 12.97 13.06 13.10 16.86 17.06 17.18 17.32 17.61 17.78 17.88 17.89 13.48 13.63 13.72 13.82 14.03 14.16 14.26 14.29 35.6 35.9 35.9 36.0 35.9 36.0 36.2 36.4 29.1 29.0 29.0 29.5 28.6 28.5 28.3 28.1 33.9 34.1 34.2 34.3 34.1 34.1 34.2 34.3 3,531 3,587 3,636 3,622 3,625 3,793 3,906 3,976 14.12 14.14 14.17 14.19 14.22 14.25 14.23 14.24 36.9 37.3 37.3 37.6 37.7 37.9 37.8 37.8 29.8 29.7 29.6 29.6 29.6 29.6 29.5 29.4 35.1 35.3 35.4 35.6 35.6 35.8 35 .7 35.7 3,931 3,863 3,975 4,074 4,125 4,125 4,074 4,082 1,974 1,991 2,005 1,994 2,005 2,055 2,102 2,112 2,958 3,025 3,074 3,076 3,043 3,167 3,213 3,257 88 88 88 88 87 87 87 86 99 99 99 99 99 97 97 96 91 91 91 90 90 89 89 88 1975 January 13.08 17.27 February 13.07 17.39 March 13.07 17.52 April 13.07 17.58 May 13.09 17.65 June 13.12 17.67 July 13.09 17.69 August 13.10 17.70 Note: Rates fTr-Mf-h -in T ,• X p. „ (Truth-in-Lending). Data on the ° ""°-LO a a ayeiiriea amount financed exclude finance charges. c o m m i e s 8 " ettfbH»hLga"agingrdates"C£o° S d vehi^es " in 2,212 3,209 87 95 2,215 3,247 87 96 2,180 3,198 87 97 2,203 3,233 86 97 2,230 3,331 86 98 2,259 3,393 87 97 2,264 3,421 96 87 2,261 3,406 87 96 rne federal Reserve Board's Regulation <"°"du"s 89 89 89 89 89 89 89 89 Z ob..rv.d by finance
@FedFRASER