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FEDERAL R ESE R V E For immediate release April 9, 1969 A-UTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES IN THE FIRST 2 MONTHS OF 1969 THE PROPORTION OF NEW CAR CONTRACTS WITH 3-YEAR MATURITIES REMAINED . AT ABOUT THE 1968 AVERAGE OF 83 PER CENT. MATURITY-DISTRIBUTION - NEW CAR CONTRACTS 24 months 25-30 31-36 Over 36 Balloon Total months months months P 7 = % % % Seasonally adjusted February 1969 January 1969 December 1968 November 1968 % No. of contracts reported (000) 13.9 13.4 13.4 14.1 2.4 2.6 2.7 2.5 82.6 83.5 83.2 82.3 0.4 0.4 0.3 0.5 0.8 0.8 0.7 0.8 100.0 100.0 100.0 100.0 11% 130 114 113 14.2 14.7 13.5 2.6 2.8 2.8 81.9 81.2 82.5 0.4 0.4 0.4 0,9 1.0 0.8 100.0 100.0 100.0 95 .102 96 Unadjusted February 1969 January 1969 February 1968 MATURITY DISTRIBUTION - USED CAR CONTRACTS 18 months 19-24 25-30 Over 30 Balloon Total months months months % 7o % % ^ % No. of contracts reported (000) Seasonally adjusted February 1969 January 1969 December 1968 November 1968 • 6.1 6.0 6.2 6.4 16.5 15.7 18.1 17.8 29.7 29.7 30.2 30.4 5 .6 6.0 6.0 14.5 14.3 15.0 29.2 28.1 32.0 Unadjusted February•1969 January 1969 February 1968 46.2 46.8 44.8 44.2 0.4 0.3 0.4 0.4 100.0 100.0 100.0 100.0 41 43 40 39 50.3 51.2 46.6 0.4 0.4 0.4 100.0 100.0 100.0 35 38 40 - Note: Details may not add to totals factors by sector . because of rounding and,construction of seasonal • G.25 AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES OF THE NEW CAR CONTRACTS WRITTEN IN JANUARY AND FEBRUARY, LESS THAN ONE-FOURTH WERE FOR AN AMOUNT EXCEEDING THE DEALER COST OF THE UNIT SOLD. - 28 966 Seasonally adjusted February 1969 January 1969 December 1968 November 1968 1969 1968 1967 DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS (loan as per cent of dealer cost) No. of contracts 90 or 91-100 1 0 1 - 1 0 5 106-110 Over 110 j Total reported (000) %. 7 o % % % 44.0 43.9 43.8 43.5 31.8 32.3 32.3 32.1 13.6 13.3 13.6 14.4 6.1 6.1 6.1 5.9 Seasonally adjusted February 1969 January 1969 December 1968 November 1968 j 43.2 1 43.9 I 43.8 31.4 31.8 31.4 14.1 13.5 13.4 6.5 6.2 6 .6 Note: 4.7 4 .5 4.8 100.0 100.0 100.0 88 93 88 DISTRIBUT[ION OF DEALER COST RATIOS - USED CAR CONTRACTS (loan as per cent of wholesale value) 3 91-100 101-110 111-120 Over 120 jNo. of contracts i 90 o r Total :reported (000) f ! % % % % % | 1 23.4 22.5 23.7' i 24.4 1 22.2 22.2 22.7 23.6 24.8 25.6 25.2 25.9 16.1 16.7 15.6 14.7 Unadjusted February 1969 January 1969 February 1968 110 120 104 103 ! Unadjusted February 1969 January 1969 February 1968 100.0 100.0 100.0 100.0 j 4.4 4.4 4.1 4.1 13.8 14.5 I 12.7 11.8 100.0 100.0 100.0 100.0 35 37 34 34 100.0 100.0 100.0 30 33 33 ! ! 24.1 24.0 29.3 22.5 22.4 25.7 24.8 24.8 25.2 15.5 15.5. 12,3 j 13.1 13.3 7.5 Details may not add to totals because of rounding and construction of seasonal factors by sector. AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS FEBRUARY 1969 NEW CARS (Percentage distribution of contracts) Not seasonally adjusted Loan as per cent of dealer cost 24 months 25-30 months Maturities 31-36 months 8.9 2 5 2.0 0.2 0.2 1.3 0.8 0.4 0.1 0.1 13.8 2.6 90% or less 91% to 100% 101% to 105% 106% to 110% Over 110% Total Over 36 months Balloon 32.7 27.7 11.6 6.1 4.4 0.2 0.1 0.1 0.2 0.4 0.1 * * 82.5 0.4 0.7 | Total 43.2 31.4 14.1 6.5 4.7 100.0 USED CARS (Percentage distribution of contracts) Not seasonally adjusted Loan as per cent of wholesale value 18 months 3.2 0.7 ' 0.4 0.3 90% or less 91% to 100% 101% to 110% 111% to 120% Over 120% Total / T!8 19-24 months 5.8 2.6 2.0 1.1 0.8 12.3 Maturities 25-30 months Balloon 0.1 0.1 0.1 Total 5.7 7.1 7.9 • 4.9 3.5 9.3 12.0 14.4 9.3 8.5 ' 0.1 24.1 22.5 24.8 15.5 13.1 29.1 53.5 0.3 100.0 Note: Details may not add to totals because of rounding. *Less than one-tenth of one per cent. Over 30 months
