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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 c t o rFRASER r .
f a for s by s e c t o


G .25
AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES
THE PROPORTION OF NEW CAR CONTRACTS WITH
L W DOWNPAYMENTS (DEALER COST RATIOS EXO
CEEDING 100 PER CENT) HAS DECLINED EACH
MONTH THIS YEAR.

1973

DISTRIBUTION OF DEALER COST RATIOS - N W CAR CONTRACTS
E
( 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
N W CARS
E
( 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=

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

*

35 .4
28.0
10.3
4.7
3.1

9.2

Total

0.9
0.4
0.2
0.1

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