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BOARD. OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
L.it.2
-
April 10, 1956.
DCWN PAYMENTS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS
FEBRUARY 1 9 # AND JANUARY. 1956
New Cars
(la per cent)
Down payment as
percentage of
selling price
24 months
or less
Feb.| JanT
Iiaturitj.es
j Over 36
31-36
25-30
Total
..* months
months
months
| Jan. | Feb. $ Jan.I Feb. | Jan, Feb. | JanT
Purchased paper and direct loans
Less than 25%
1.5
2 % - 32%
3.2
29.7
Total
3U.U
33# or more
1.8
3.3
1.6
7*7
l.lt
8.3
30.1 16.1 16.1
35.2 25.lt 25.8
2,7
10.5
26,5
2.9
10.9
2U-5
0.1
0.2
0.2
0.2
0.2
39.7
38.3
0.5
0.7 100.0 100.0
0.3
5.9
21.6
72.5
6.1t
22.7
70.9
-Purchased paper
1.8
2.1
0.2
Less than 2$%
25% - 323
35% or more
2.7
22.1*
2.9
23.5
1.9
9.2
12.3
1.8 | 3.8
It.l
9.2 Jllt.8 lit.8
12.6 30.it 28.0
0.3
0.2
O.lt
7.7
O.lt 27.0
0.2 65.3
Total
26.9
23.5
23.li
23.6
0.7
1.0 100.0 100.0
0.9
it.l
it.l
U.7
16.5 Wt.9 23.9
0.6
U9.7
U9.0
1*6.9
8.It
27.3
61.3
Direct loans
Less than 25%
25% - 32%
33% or more
Total
1.1 1.1
50.1
29.5
0
0.3
0
23.9 (18.7
2.0 0.1 o»o
0.2 0.1
16.7
30.8 120.5
19.0
0.3
6.3
0.2
1.6
2.2
10.5
2.0
12.lt
87.3
85.6
0.1 100.0
100.0
NOTE — Based on data from identical sample of 61 banks for February and
January covering about 16,000 contracts. Since composition of sample changes
from month to month, data are not strictly comparable with previous releases.
L.h.2
—
2
—
Used Cars
(In per cent)
Down payment as
percentage of
selling price
12 months
or less
Feb. I Jan.
.Maturities
13:18
Over 2U
I 19-21,
months
months
months
Feb. | Jan. • Feb. 1 Jan.
Feb. {Jan.
Total
Feb. i Jan.
Purchased paper and direct loans
Less than 25%
25* - 32%
33% or more
, 1.3
i 2.9
J 16.5
Total
1.20.6
l.U
1.5
2.6
5.0
15.9 19.8
19.9
26.3
1
Less than 25%
25% - 32%
33% or more
Total
1.6
5.0
19.9
2.U
10.1
27.U
2.U
9.6
28.6
1.9
5-h
5.9
1.9
5.0
26.5
39.9
L0.6
13.2
13.0
6.1
Puirchased pape r
' 1.3
l.U
1.5
3.2
2.7
5.L
|15.9 15.1 17.6
20.k
19.2
2U.5
1.7
5.6
18.1
2.7
11.5
25.6
2.7
10.7
26.9
2.3
2.2
6,5
6.8
25.k
39.8
1*0.3
15.3
15-1
6.5 6.1
D irect loans
Less than 25%
25% - 3 2 %
33% or more
1.3
1.3
18.9
l.l
2.0
18.6
1.6
3.1
28.1
l.i
3.0
26.U
L.9
34.0
5.7
31.6
0.3
1.5
3.5
0.6
Total
21.5
22.0
32.8
30.5
iiO.U
hi.8
5.3
5.7
1.5
1.5
1.5
3.6
NOTE — Based on data from identical sample of 61 banks for February and
January covering about 13,000 contracts. Since composition of sample changes
from month to month, data are not strictly comparable with previous releases.
Figures are predominately for late model used cars but include data from a
few banks for all used cars.
@FedFRASER