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FEDERAL RESERVE statistical / r e l e a s e For immediate release April 12, 1972 I AUTOMOBILE LOANS BY MAJOR FXMANCE COMPANIES THE PROPORTION OF NEW CAR CONTRACTS WITH 31-36 MONTH MATURITIES REMAINS HIGH AFTER DECLINING SLIGHTLY IN FEBRUARY. 1969 1970 1971 197: MATURITY DISTRIBUTION - NEW CAR CONTRACTS 24 months 25-30 31-36 Over 36 Balloon months months months P 7 = 7 = 7 = % % Seasonally adjusted February 1972 January 1972 December 1971 November 1971 Total 11.8 11.9 13 .1 13.3 2.9 2.6 2.8 2.7 84.8 85.3 83.9 83.9 0.6 0.5 0.3 0.2 0.3 0.2 0.2 0.2 100.0 100.0 100.0 100.0 12.5 12.9 17.5 3.1 3.0 3.5 83.7 83.4 78.5 0.5 0.4 0.2 0.3 0.3 0.4 100.0 100.0 100,0 Unadjus ted February 1972 January 1972 February 1971 Seasonally adjusted February 1972 January 1972 December 1971 November 1971 j MATURITY DISTRIBUTION - USED CAR CONTRACTS |18 months 19-24 | 25-30 Over 30 Balloon months t months j months P 7 = % % % % 5 .5 5.8 5.4 r 5.0 13.2 15.9 15.8 r 14.9 31.9 36.5 34.4 r 34.0 5.0 5.8 5.5 11.6 14.4 12.3 30.1 33.3 28.5 Total - 48.7 42.2 44.8 r 46.5 0.1 0.1 0.1 0.1 100.0 100.0 100.0 100.0 53.3 46 . 5 53.7' 0.1 0.1 0.1 100.0 100.0 100.0 Unadjusted February 1972 January 1972 February 1971 Note: Details may not add to totals because of rounding and construction of seasonal factors by sector. r = revised. See p.4 for complete tables of December revisions. AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES THE PROPORTION OF NEW CAR CONTRACTS WITH LOW DOWNPAYMENTS (DEALER COST RATIOS OVER 100 PER CENT) ROSE IN FEBRUARY. 1969 Seasonally adjusted February 1972 January 1972 December 19 71 November 1971 1970 1971 1972 DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS • (loan as per cent of dealer cost) 90 or 91-100 101-105 106-110 Over 110 Total less. 7 . % 7 o % % 47.8 48.5 48.9 48 .6 31.2 31.1 31.0 - 31.5 12.1 11.7 12.1 12.3 5.4 5 .0 4.9 4.8 3.5 3.6 3.4 3.2 100.0 100.0 100.0 100.0 46 .6 48.0 45.1 | 31.4 31.1 32.1 12.7 12.1 14 .4 5 .6 5.1 5.2 3.7 3.8 3.3 100.0 100.0 100.0 Unadjusted February 19 72 January 1972 February 1971 DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS I J Seasonally adjusted February 197 2 January 1972 December 1971 November 1971 90 or less ! % 91-100 101-110 111-120 Over 120 7, 7, 7, Total % 33.5 36.1 34.5 r 33.1 27.7 27.8 27.8 r 27.7 23.5 22.0 22.0 r 22.8 10.6 9.5 10.0 r 10.2 5.0 4.5 4.9 r 5.2 100.0 100.0 100.0 100.0 33.5 37.3 33.9 27 .5 27.9 28.2 23 .5 21.3 23.9 10.6 9.2 9 .6 5.0 4.4 4.5 100.0 100.0 100.0 Unadjusted February 1972 January 197 2 February 1971 seasonal factors by sector. r = revised. See p.4 for complete tables of December revisions . G.25 -3AUTOMDBILE LOANS BY MAJOR FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS FEBRUARY 1972 NEW CARS (Percentage distribution of contracts) Not seasonally adjusted L o a n as p e r c e n t of d e a l e r cost 9 0 % or less 917= to 100% 1017. to 1057= 1067= to 1107= Over 1107= Total Maturities 25-30 31-36 months 24 months months Balloon months 8.6 2.3 1.2 0.2 0.2 1.4 0.9 0.7 0.1 0.1 36.6 27.9 10.6 5.3 3.5 0.1 0.2 0.1 0.1 0.2 * * 12.5 3.1 83.7 0.5 0.3 46.6 31.4 12.7 5.6 3.7 100.0 . USED CARS (Percentage distribution of contracts)** Not seasonally adjusted L o a n as per c e n t o f wholesale value 907= or less 917= to 1007= 1017= to 1107= 1117= to 1207= Over 1207= Total Maturities 19-24 25-30 months 18 m o n t h s months Over 30 Balloon months * 3.9 0.6 0.3 0.1 0.1 7.0 2.7 1.2 0.6 0.2 9.6 9.4 7.3 2.8 1,1 13.0 14.8 14.8 7.1 3.6 * 5.0 11.6 30.1 53.3 0.1 Note: Details may not add to totals because of rounding. * Less than one-tenth of one per cent. ** December data for this table has been revised. See p.4 for revised data. Total 33.5 27.5 23.5 10.6 5.0 100.0 REVISED USED CAR DATA FOR DECEMBER 1971 (page 1) Seasonally adjusted December 1971 MATURITY DISTRIBUTION - USED CAR CONTRACTS Over 30 Ba1loon 18 months 19-24 25-30 months months months % % % ^ % % Total 5 .4 15.8 34.4 44.8 0.1 100.0 5 .9 16.5 31.1 46.4 0.1 100.0 Unadjusted December 1971 (page 2) DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS (loan as per cent of wholesale value) Over 120 90 or 91-100 101-110 111-120 Total Seasonally adjusted December 1971 % % % 34.5 27.8 22.0 10.0 4.9 100.0 36.3 _^28.1 21.6 9.4 4.7 100.0 % % Unadjusted December 1971 (page 3) (Percentage Distribution of contracts) Not seasonally adjusted Loan as per cent of wholesale value 90% or less 91% to 100% 1017c to 110% 111% to 120% Over 120% Total Maturit ies Over 30 25-30 months months 18 months 19-24 months 4.4 0.8 0.4 0.2 0.1 9.3 4.0 1.9 0.9 0.4 10.2 9.5 7.1 2 .9 1.4 12.4 13.8 12.2 5.4 2.7 5 .9 16.5 31.1 46.4 Balloon * 0.1 * * 0.1 Total 36.3 28.1 21.6 9.4 4.7 100.0
