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FEDERAL RESERVE For immediate r e l e a s e August; 12, 1974 G .25 AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES THE PROPORTION OF NEW CAR CONTRACTS WITH MATURITIES EXCEEDING 36 MONTHS ROSE ALMOST A FULL PERCENTAGE P6lNT AGAIN IN JUNE . 1971 1972 1973 1974 MATURITY DISTRIBUTION - NEW CAR CONTRACTS 24 months 26-30 31-36 Over 36 Balloon paper months or l e s s months months 7 = 7 = % % 7o Total Seasonally adjusted J u n e 1974 May 1974 A p r i l 1974 March 1974 10.3 10.5 11 .5 11.1 ' 1.7 1.7 1.9 1.7 79.8 80.6 80.4 81.8 6.8 6.0 5.2 4.9 0.3 0.4 0.1 0.2 100.0 100.0 100.0 100.0 1.5 1.7 2.0 81.4 81.4 84.9 7.7 6.8 2.9 0.2 0.3 0.3 100.0 100.0 100.0 Unadjusted June 1974 May 1974 June 1973 9.2 9.9 10.0 MATURITY DISTRIBUTION - USED CAR CONTRACTS 18 months 19-24 25-30 Over 30 Balloon or l e s s months months months Total Seasonally adjusted June 1974 May 1974 A p r i l 1974 March 1974 4.4 4 .2 4.4 4.7 13.3 13.4 13.4 13.5 30.0 30.0 29.7 30.2 52.2 51.8 51.5 50.2 0.1 0.2 .0.1 0.1 100.0 100.0 100.0 100.0 4.0 4.0 4.4 12.0 11.7 12.6 29.4 26.2 30.8 54.5 56.0 52.1 0.1 0.2 0.2 100.0 100.0 100.0 Unadjusted June 1974 May 1974 June 1973 Note: j | D e t a i l s may n o t add t o t o t a l s b e c a u s e uf r o u n d i n g and c o n s t r u c t i o n o f s e a s o n a l Digitized f a cfor t o rFRASER s by s e c t o r . G .25 AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES THE PROPORTION OF NEW CAR CONTRACTS WITH LOW DOWNPAYMENTS (DEALER COST RATIOS EXCEEDING 100 PER CENT) HAS DECLINED EACH MONTH THIS YEAR. 1973 DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS ( l o a n a s per c e n t o f d e a l e r c o s t ) Over 110 100-105 106-110 90 or 91-100 Total % 7% % % Seasonally adjusted June 1974 May 1974 A p r i l 1974 March 1974 45.3 44 .6 44.3 44.8 32.7 33.0 32.9 32.3 12.7 12.8 13.0 12.8 5.6 5.8 5.7 6.0 3.8 3.9 4.0 4.4 100.0 100.0 100.0 100.0 44.9 44.9 42.6 33.2 33.0 32.1 12.6 12.7 13 .9 5.7 5.7 6.7 3.7 3.7 4.6 100.0 100.0 100.0 Unadjusted June 1974 May 1974 June 1973 Seasonally adjusted June 1974 May 1974 A p r i l 1974 March 1974 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 ) 90 or 91-100 111-120 Over 120 101-110 less Total % % % % % 31.6 31.7 32.2 31.9 27.7 28.3 28.5 27.9 24.9 24.7 24.0 24.2 10.8 10.5 10.5 10.5 4.9 4.9 5.0 5 .7 6 Unadjusted June 1974 May 1974 June 1973 100.0 100.0 100.0 100.0 30.3 30.7 29.3 27.9 27.9 27.8 25.6 25.3 25.4 11.0 10.9 11.7 5.2 5 .2 5 .8 100.0 100.0 100.0 N o t e : D e t a i l s may n o t add t o t o t a l s b e c a u s e o f 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 AT mJOR FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS JUNE 1974 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 z Loan as per c e n t of dealer cost 24 months 907= or l e s s 917= t o 1007= 1017= t o 1057= 1067= t o 1107= Over 1107= Total 25-30 months Maturities 31-36 months Over 36 months 1 .9 2.9 1.5 0.8 0.5 6.7 1.7 0.6 0.2 0.1 0.9 0.4 0.2 0.1 * 35 .4 28.0 10.3 4.7 3.1 9.2 1.5 81.4 ' 7 .7 Balloon * 0.2 * 0.2 44.9 33.2 12.6 5.7 3.7 100.0 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 a s per c e n t o f wholesale value 907= or l e s s 917= t o 1007= 1017= t o 1107c 1117= t o 120% Over 1207= Total 18 months or l e s s 3.2 0.4 0.2 0.1 0.1 ! 4.0 19-24 months 6.7 2.8 1.7 0.6 0.2 I | 1 | 12.0 Maturities 25-30 months Balloon 8.0 8.2 7.8 3.4 1.4 12.5 35.9 15 .8 6.9 3.5 * 29.4 54.5 0.1 N o t e : D e t a i l s may n o t add to t o t a l s b e c a u s e of r o u n d i n g . * L e s s than o n e - t e n t h of one per c e n t . Over 30 months J * Total 30.3 27.9 25 .6 11.0 5.2 10C .0
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