The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE s t a t i s t i c a l ' • • • i f r e l e a s e For immediate r e l e a s e A p r i l 12, 1973 G.25 - : RIV/.'-: crm:. , ^uASCH ,1 1973 r - :r~ /p ' ' j AUTOMOBILE LOANS SY MAJOR FINANCE COMPANIES THE PROPORTION OF NEW CAR CONTRACTS WITH 31-36 MONTH MATURITIES ROSE IN FEBRUARY TO THE HIGHEST POINT SINCE LAST JUNE. RANK OF RICHMOND 90 85 80 1970 Seasonally adjusted F e b r u a r y 1973 J a n u a r y 1973 December 1972 November 1972 1971 1972 1973 MATURITY DISTRIBUTION - NEW CAR CONTRACTS 24 months 25-30 31-36 Over 36 Balloon or l e s s months months .months paper % % % 7, . % Total 11.4 12.2 11.9 12.2 2.4 2.6 2.9 3.0 84.5 83.8 83.9 83.5 1.9 1.7 1.6 1.4 0.3 0.2 0.3 0.3 100.0 100.0 100.0 100.0 12.1 13.0 12.5 2.7 3.0 3.1 83.2 82.3 83.7 1.8 1.5 0.5 0.3 0.3 0.3 100.0 100.0 100.0 Unadjusted F e b r u a r y 1973 J a n u a r y 1973 F e b r u a r y 1972 Seasonally adjusted F e b r u a r y 1973 J a n u a r y 1973 December 1972 November 1972 MATURITY DISTRIBUTION - USED CAR CONTRACTS 18 months 19-24 25-30 Over 30 Balloon months months months SS P % 7% % % Total 5.0 4.8 5.2 5.1 13.0 13.1 15 .3 15.5 30.7 35.5 37.4 37.6 50.8 46.9 42.4 42.0 0.1 0.1 0.1 0.2 100 .*0 4.7 5.0 5 .0 11.3 12.3 11.6 28.9 32.5 30.1 55.1 50.2 53.3 0.1 0.1 0.1 100.0 100.0 100.0 100.0 100.0 Unadjus ted F e b r u a r y 1973 J a n u a r y 1973 F e b r u a r y 1972 Note: D e t a i l s may not add t o t o t a l s because of r o u n d i n g and c o n s t r u c t i o n of s e a s o n a l f a c t o r s by s e c t o r . . -2- AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES THE PROPORTION OF USED CAR LOANS WITH LOW DOWNPAYMENTS (DEALER COST RATIOS OVER 100%) DECLINED FURTHER IN FEBRUARY FROM THE RECENT HIGH REACHED LAST OCTOBER. 1970 1971 1972 1973 DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS ( l o a n as per c e n t of d e a l e r c o s t ) 91-100 101-105 106-110 Over 110 90 or Total 7= 7= 7= 7, 7, Seasonally adjusted F e b r u a r y 1973 J a n u a r y 1973 December 1972 November 1972 44.2 43.9 43.6 43.3 31.1 30.7 31.4 31.7 13.8 13.9 14.1 14.4 6.4 6 .6 6 .4 6 .4 4.6 4.5 4.6 4.7 100.0 100.0 100.0 100.0 43.0 43.5 46 .6 31.3 30.7 31.4 14.4 14.5 12.7 6.7 6.6 5.6 4.7 4.8 3.7 100.0 100.0 100.0 Unadjusted F e b r u a r y 1973 J a n u a r y 1973 • F e b r u a r y 1972 DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS ( l o a n as per c e n t of w h o l e s a l e v a l u e ) 101-110 111-120 Over 120 90 or 91-100 Total less 7= 70 7o 7o % Seasonally adjusted F e b r u a r y 1973 J a n u a r y 1973 December 1972 November 1972 30.9 30.5 29.7 29.6 26.8 26.6 26.5 26.0 24.9 25.6 25.3 24.9 11.9 11.9 12.0 12.4 5.8 5 .8 7.0 7 .0 100.0 100.0 100.0 100.0 31.2 31.7 33.5 26.5 26.8 27.5 24.9 24.6 23.5 11.9 11.5 10.6 5 .6 5.5 5.0 100.0 100.0 100.0 Unadjusted F e b r u a r y 1973 J a n u a r y 1973 F e b r u a r y 1972 Note: D e t a i l s may not add to t o t a l s because of r o u n d i n g and c o n s t r u c t i o n of s e a s o n a l f a c t o r s by s e c t o r . G. 25 AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS FEBRUARY 1973 NEW CARS ( P e r c e n t a g e d i s t r i b u t i o n of c o n t r a c t s ) Not s e a s o n a l l y a d j u s t e d Loan as per c e n t of dealer cost 24 months 25-30 months Maturities 31-36 months Over 36 months 7.9 2.3 1.6 0.2 0.2 1.1 0.7 0.6 0.2 0.1 33.7 27.4 11.8 6.1 4.3 0.4 0.6 0.4 0.2 0.2 12.1 2.7 83.2 ",1.8 90% or l e s s 917= to 100% 1017. to 1057= 1067= t o 1107= Over 1107= Total Balloon * 0.2 * 0.3 Total 43.0 31.3 14.4 6.7 4.7 100.0 USED CARS ( P e r c e n t a g e d i s t r i b u t i o n of c o n t r a c t s ) Not s e a s o n a l l y a d j u s t e d Loan as per c e n t of wholesale value 18 months 19-24 months Maturities 25-30 months 3.6 0.7 0.3 0.1 0.1 6.5 2.4 1.4 0.7 0.3 8.8 8.8 6.8 3.2 1.3 12.3 14 .5 16.4 8.0 3.9 * 4.7 11.3 28.9 55.1 0.1 907= or l e s s 917= t o 1007= 1017= t o 1107= 1117= t o 1207= Over 1207= Total Note: D e t a i l s may not add to t o t a l s because of r o u n d i n g . * Less than o n e - t e n t h of one per c e n t . Over 30 months Balloon * Total 31.2 26.5 24.9 11.9 5.6 100.0
@FedFRASER