The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
VJ, FEDERAL RESERVE statistical release • • f*AL Rty. For immediate release April 17, 1974 AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES RE-. rL'$ RESEARCH ^ . 1 9 1974' MATURITIES ON NEW CAR CONTRACTS WERE LIBERALIZED IN FEBRUARY AS THE PROPORTION WITH TERMS EXCEEDING 36 MONTHS ROSE ABOVE ^ pgR ^ FEDERAL RESERVE BANK OF RICHMOND. 1971 1972 1S73 1974 MATURITY DISTRIBUTION - NEW CAR CONTRACTS Balloon 31-36 Over 36 24 months 25-30 months months months P 7» % % % % Total Seasonally adjusted February 1974 January 1974 December 1973 November 1973 11.7 12.3 12.9 12.1 1.8 1.8 2.2 2.3 82.0 82.3 $1.2 82.5 4.4 3.9 3.6 3.6 0.3 0.3 0.4 0.2 100.0 100.0 100.0 100.0 f Unadjusted February 1974 January 1974 February 1973 12.3 13.3 12.1 2.0 2.1 2.7 81.0 80.8 83.2 4.4 3.5 1.8 0.3 0.4 0.3 MATURITY DISTRIBUTION - USED CAR CONTRACTS Balloon Over 30 1 19-24 25-30 18 months months months or less months P 7o % 7o 7% 100.0 100 . 0 100 .0 Total Seasonally adjusted February 1974 January 1974 December 1973 November 1973 4.7 4.8 5.5 4 .9 13.0 13.6 12.9 12.6 29.6 30.0 29.6 29.7 50.3 50.8 50.8 51.9 0.1 0.2 0.1 0.1 100.0 100.0 100.0 100.0 4.5 4.9 4.7 10.6 12.2 11.3 26.4 27.0 28.9 58.3 55.8 55.1 , 0.1 0.2 0.5 100.0 100.0 100.0 Unadjusted February 1974 January 1974 February 1973 Note: Details may not add to totals because of rounding and construction of seasonal factors by sector . n \\ G.25 " -2- ^ AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES DOWNPAYMENTS WERE GENERALLY HIGHER AS THE PROPORTION OF CONTRACTS WITH DEALER COST RATIOS EXCEEDING 100 PER CENT DECLINED SHARPLY. 1974 1973 1972 1971 DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS (loan as per cent of dealer cost) 90 or 91-100 100-105 106-110 Over 110 Total % % % % 7a Seasonally adjusted February 1974 January 1974 December 1973 November 1973 44.8 42.8 41.6 43.2 31.9 31.6 32.1 32.2 12.6 13.5 14.7 13.8 6.2 7 .0 6.8 6.4 4.5 4.7 4.9 4.6 100.0 100.0 100.0 100.0 43.9 42.5 43.0 32.0 31.5 31.3 13.1 14.1 14.4 6.4 7 .0 6.7 4 .6 5.0 4.7 100.0 100.0 100.0 Unadjusted February 1974 January 1974 February 1973 Seasonally adjusted February 1974 January 1974 December 1973 November 197 3 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 7= 7= 7o 7c % 33.0 33.6 30 .1 29.9 27 .9 27.1 26.3 25 .5 23 .3 23.3 24.7 25.3 10.3 10.4 12.3 12.3 5 .5 5.8 7 .0 7.3 100.0 100.0 100.0 100.0 27.6 27.2 26 .5 23.2 22.4 24.9 10.3 10.0 11.9 5 .2 5.2 5.6 100.0 100.0 100.0 Unadjusted February 1974 . January 1974 February 1973 33.8 35 .3 31.2 Note: Details may not add to factory by sector. i j totals because of rounding and construction of seasonal -3- G.25 AUTOMOBILE LOANS B Y m j O R FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS FEBRUARY 1974 NEW CA.RS (Percentage distribution of contracts) Not seasonally adjusted Loan as per cent of dealer cpst 24 months 90% or less 91% to 100% 101% to 105% 106% to 110% Over 110% Total 25-30 months Maturities 31-36 months OV&r 36 months 7.8 3.0 1.1 0.2 0.2 1.0 0.5 0.4 0.1 0.5 34.0 26.8 10.7 5.6 4.0 1.2 1.5 0.8 0.5 0.4 12.3 2.0 81.0 4.4 Balloon * 0.3 * 0.3 Total . 43.9 32.0 13.1 6 .4 4 .6 100.0 USED CARS (Percentage distribution of contracts) Not seasonally adjusted Loan as per cent of wholesale value 18 months or less 90% or less 91% to 100% 101% to 110% 111% to 120% Over 120% Total 19-24 months Maturities 25-30 . months 3.5 0.5 0.2 0.1 0.8 6.4 2.2 1.3 0.5 0.2 8.5 8.1 6.3 2.5 1.1 15.5 16.7 15.3 7.1 3.8 4.5 10.6 26 .4 58.3 Note: Details may not add to totals because of rounding. * Less than one-tenth of one per cent. Over 30 months Balloon 0.1 0.1 Total 33.8 27.6 23.2 10.3 5.2 100.0
@FedFRASER