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Not f o r p u b l i c a t i o n
1.4.2
DBC0inr.0U.ED AFTER
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
Si%MBT%3
J u n e # , 1957
MATURITIES ON AUTOMOBILE INSTALMENT LOANS
APRIL 1957 AND MARCH 1957
(In p e r cent)
Maturities
New c a r s
24 months or l e s s
25-30 months
31-36 months
Over 36 months
Total
Used c a r s 1 /
12 months or l e s s
13-18 months
19-24 months
Over 24 months
Total
Direct
loans
April
March
March
Purchased
Paper
March
April
36.0
25.O
38.7
0.3
100.0
37.8
26.1
35.8
0.3
100.0
27.0
24.3
48.3
0.4
100.0
29.0
25.9
44.7
0.4
100,0
51.9
26.1
21.9
0.1
100.0
52.4
26.5
20.9
0.2
100.0
19.2
23.5
43.5
13.8
100.0
19.5
23.7
42.9
13.9
100.0
17.0
21.3
43.8
J2-9
100.0
16.8
21.3
43.6
18.3
100.0
24.0
28.4
42.7
4.9
100.0
28.9
41.3
_4J
100.0
April
Total
1/Figures are predominately f o r l a t e model used c a r s b u t include d a t a from 1
few banks f o r a l l used c a r s .
NOTE: D i s t r i b u t i o n s a r e based on t a b u l a t i o n s of data from 132 banks f o r
March and A p r i l and a r e n o t intended t o . b e estimates f o r a l l commercial banks.
I n A p r i l r e p o r t s covered about 32,000 c o n t r a c t s on new c a r s , 20,000 purchased
and 12,000 d i r e c t , and 29,000 c o n t r a c t s on used c a r s , 20,000 purchased and
9,000 d i r e c t . Since composition of the group of banks changes from month t o
month, data a r e n o t comparable with previous r e l e a s e s .
For d i s t r i b u t i o n according to m a t u r i t i e s and c o n t r a c t balance as a percentage of d e a l e r c o s t , see o t h e r s i d e .
Not f o r p u b l i c a t i o n
— 2
—
DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTALMENT LOANS
APRIL 1957 AND MARCH.1957
( I n per c e n t )
Contract balance
as p e r c e n t a g e o f
dealer cost 1/
80% o r l e s s
01% t o 90%
91% t o 100%
101% t o 110%
Over 110%
Total
*
2h months
or less
Apr. Mar.
NEW CARS
Maturities
Over 36
25-30
31-36
Total
Ebnths
months
months
Apr. i Mar. Apr. i Mar. Apr. 1 Mar. Apr. Mar.
i
i
Purchased {j a p e r aLd d i r e c t l o a n s
21.2
6.1
a. 6
1.2
o.U
26.0
9*h
6.5'
6.1
h*$ - 6 . 5
1.1
3.3
0.6
0.9
36.5
38.9
8.6
7.0
8.5
U.5
1.0
28.3 | 29.6
Contract balance 12 months
13-18
as percentage o f
months
or "less
d e a l e r c o s t 1 / 2 / Apr. Mar. Apr. ; Mar.
!
Purchased
1
8.2
80% or l e s s
9.0 3.5 I 9.3
2.0
2 . 1 3-u
81% t o 90%
3.6
91% to 100%
3.1
3.0 5.3
L5
101% to 110%
1.7
1.9 2.5
2.9
Over 110%
2.6
2 . 6 3 . 1 1 3.0
Total
17.6
18.6 22.8 I23.3
8.8
7.8
8.1
7.3
1 1 . 5 .10.lt
k.7
U.5
1.9
1.3
0.1
0.1
0.1
0.1
•*
35.0
0.2
31.3
1*2.5
20.7
2li.7
9.2
2.9
12.5
20.8
23.lt
10.1
3.2
0 . 2 100.0
100.0
*
USED CARS
I-l a t u r i t
Over 2k
j
19-2U
|
months
months
! Apr. Mar. Apr. I Mar.
1
1
paper a id d i r e c t l o ans
Total
Apr.
Mar,
12.3
9.6
11.5
6.5
5.2
12.3
8.1
10.5
6.9
5.5
3.2
2,6
W
2.3
1.8
3.2
3.0
h.O
2.8
1.8
32.2
17.6
2U.5
13.0
12.7
33.8
16.8
22.0
11*. 5
12.9
1*5.1
1*3.3
11*. 5
11*. 8
100.0
100.0
1 / Contract balance does not i n c l u d e f i n a n c e and insurance charges.
2/ Dealer c o s t r e p r e s e n t s "average w h o l e s a l e , " "as i s , " "or buying value"
as i n d i c a t e d by used car g u i d e s .
•tf-Less than o n e - t e n t h o f one per c e n t .
NOTE: D i s t r i b u t i o n s are based on t a b u l a t i o n s o f data from 86 banks f o r
March and A p r i l and are not intended t o be e s t i m a t e s f o r a l l commercial banks.
I n March r e p o r t s covered about 17,000 c o n t r a c t s on new c a r s , 12,000 purchased
and 5,000 d i r e c t , and 16,000 c o n t r a c t s on used c a r s , 11,000 purchased and 5*000
d i r e c t . S i n e s composition o f the group o f banks changes from month t o month,
data are not comparable with previous r e l e a s e s .
@FedFRASER