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FEDERALstatistical RESERVE release For immediate release /<^0'->v>ay April 9, 1968 ' / ^ ' G.25 AUTQM3BILE LOANS BY MIJOR SALES FINANCE COMPANIES THE PROPORTION OF 3-YEAR NEW CAR CONTRACTS HAS RISEN SINCE LAST FALL TO A N ALL TIME HIGH. 1967 MVTURir DISTR IBUTION - NEW CAR CONTRACTS 24 months 25-30 31-36 Over 36 Balloon Total or less months months months , paper Seasonally adjusted February 1968 January 1968 December 1967 November 1967 % % % % No. of contracts reported (000) % 13.1 13.4 14.6 15.1 2.6 2.7 2.7 2.7 83.2 82.7 81.6 81.1 0.4 0.4 0.4 0.4 0.7 0.8 0.7 0.7 100.0 100.0 100.0 100.0 122 tl4 94 101 13.5 15.3 14.3 2.8 2.9 3.1 82.5 80,5 81.4 0.4 0.4 0.5 0.8 0.9 0.7 100.0 100.0 100.0 96 90 84 Unadjusted February 1968 January 1968 February 1967 MATURITY DISTR:IBUTION - USED ( :AR CONTRACTS 18 months 19-24 25-30 Over 30 Balloon Total paper or less months months months Seasonally adjusted February 1968 January 1968 December 1967 November 1967 .% % % . % No. of contracts reported (000) % 6.5 7.0 6.8 6.8 17.2 16.6 17.7 18.0 32.7 33.4 33.5 33.4 43.2 42.7 41.6 41.5 0.4 0.3 0.4 0.3 100.0 100.0 100.0 100.0 6.0 6.8 7.8 15.0 15.1 18.0 32.0 31.4 33.5 46.6 46.3 40.3 0.4 0.4 0.4 100.0 100.0 100.0 46 41 36 40 Unadjusted February 1968 January 1968 February 1967 40 \ ^ 36 39 *,.= - • - rw.* • s G.25 wee •»*• we m a .^ummxii • • • • -2AUTOMDBILE LOANS BY MA.J0R SALES FINANCE COMPANIES NEW CAR CONTRACTS WITH A DCR IN EXCESS OF 110% HAVE ALSO RISEN SLIGHTLY OVER THE PAST FEW MDNTHS. 1968 1967 1966 DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS (loan as per cent of dealer cost) No. of contracts 90 or 91- 100 101- 105 106- 110 Over 110 Total reported (000) 7 = % % % % Seasonally adjusted February 1968 January 1968 December 1967 November 1967 44.4 44.1 42.8 43.6 31 .7 31, .4 .2 32, 32, .0 13. .0 13. .7 14. ,3 14. ,5 6 .3 6 .3 6, .2 5, .9 4. 6 4.5 4.5 4.0 100. .0 ,0 100. 100. ,0 100. ,0 112 103 86 92 43.8 43.9 43.3 31. .4 31. .2 32, .0 13. ,4 13. 9 ,2 13. 6. ,6 6. .4 6. .6 4.8 4. 6 4.9 100. 0 100. 0 100. 0 88 81 76 Unadjusted February 1968 January 1968 February 1967 DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS (loan as per cent of wholesale value) No. of contracts 90 or 91-100 101-110 111-120 Over 120 Total reported (000) less % % % % % 28.2 28.5 28.9 28.8 25.5 25.1 26.1 25.6 25.5 26.0 25.3 24.1 12.9 12.6 12.6 13.6 7.9 7.8 7.1 7.9 100.0 100.0 100.0 100.0 38 34 • 30 33 29.3 30.4 24.0 25.7 25.3 22.1 25.2 25.1 24.2 12.3 12.0 15.4 7.5 7.2 14.3 100.0 100.0 100.0 33 30 33 Seasonally adjusted February 1968 January 1968 December 1967 November 1967 Unadjusted February 1968 January 1968 February 1967 G. 25 AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS FEBRUARY 1968 NEW CARS (Percentage distribution of contracts) Not seasonally adjusted Loan as per cent of dealer cost 90% or less 91% to 100% 101% to 105% 106% to 110% Over 110% Total 24 months or less 25-30 months Maturities 31-36 Over 36 months months Balloon 9.6 2.4 0.9 0.2 0.2 1.6 0.7 0.3 0.1 0.1 32.3 27.9 12.1 6.2 4.5 0.1 0.1 0.1 0.1 0.1 0.2 0.3 0.1 0.1 13.3 2.8 82.9 0.4 0.6 T o ta 1 43.8 31.4 13.5 6.6 4.7, 100.0 USED CARS (Percentage distribution of contracts) Not seasonally adjusted Loan as per cent of wholesale value 90% or less 91% to 100% 101% to 110% 111% to 120% Over 120% Total Maturities Over 30 25-30 months months 18 months or less 19-24 months • 3.8 0.7 0.4 0.2 0.2 6.9 2.6 1.9 0.9 0.6 8.3 9.4 8.4 3.8 2.3 14.5 7.5 4.3 5.3 13.0 32.1 49.4 Balloon paper 0.1 0.1 Note: Details may not add to totals because of rounding. *Less than one-tenth of one per cent. Total 29.3 25.7 25.2 12.3 7.5 0.2 100.0
