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FEDERAL RESERVE For immediate r e l e a s e August 12, 1975 AUTOMOBILE LOANS AT MAJOR FINANCE COMPANIES THE PROPORTION OF USED CAR CONTRACIS WITH MATURITIES EXCEEDING 30 MONTHS ROSE IN JUNE AFTER 4 MONTHS OF DECLINE. , 1972 1 1972 1 1974 ' 1975 MATURITY DISTRIBUTION - NEW CAR CONTRACTS Over 36 Balloon 25-30 31-36 24 months paper months months months % % % % Total % Seasonally adjusted June 1975 May 1975 A p r i l 1975 March 1975 9.8 10.0 10.3 10.1 1.7 1.7 1.8 1.7 64.0 64.4 65.1 66.6 23.8 22.8 21.4 20.9 0.1 0.3 0.5 0.3 100.0 100.0 100.0 100.0 8.5 9.0 9.2 1.5 1.6 1.5 64.9 65.1 81.4 25.0 24.0 7.7 0.1 0.3 0.2 100.0 100.0 100.0 Unadjusted June 1975 May 1975 June 1974 Seasonally adjusted June 1975' May 1975 A p r i l 1975 March 1975 MATURITY DISTRIBUTION - USED CAR CONTRACTS 25-30 Over 30 Balloon 18 months 19-24 paper months months months 7, % % % % \ 4.2 4.1 4.2 4.2 11.0 11.1 11.4 11.1 30.6 31.8 31.5 30.7 3.7 3.7 4.0 10.0 9.8 12.0 30.6 30.5 29.4 54.0 52.7 52.7 53.2 0.1 0.1 0:1 0.1 - Total 100.0 100.0 100.0 100.0 Unadjusted June 1975 May 1975 June 1974 55.6 55.9 54.5 0.1 100.0 0.1 100.0 0.1 100.0 Note: D e t a i l s may not add t o t o t a l s because of rounding 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 . . . AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES THE PROPORTION OF USED CAR CONTRACTS WITH LOW DOWNPAYMENTS (DEALER COST RATIOS OVER 100 PER CENT) DECLINED IN JUNE. Seasonally adjusted June 1975 May 1975 A p r i l 1975 March 1975 DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS ( l o a n as per c e n t of d e a l e r c o s t ) 90 or less % 50.1 50.0 48.9 47.9 33.1 33.3 33.7 34.6 10.5 10.3 11.1 10.8 3.8 3.9 3.9 4.2 2.4 2 ,4 2.4 2.6 100.0 100.0 100.0 100.0 49.8 50.1 44.9 33.6 33.5 33.2 10.4 10.2 12.6 3.9 3.9 5.7 2.3 2.3 3.7 100.0 100.0 100.0 Unadjusted June 1975 May 1975 June 1974 Seasonally adjusted June 1975 May 1975 A p r i l 1975 March 1975 DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS ( l o a n as iper c e n t of w h o l e s a l e v a l u e ) 90 or . 91-100 101-110 111-120 Over 120 Total °L 7= 7, % % 33.4 32.1 32.8 32.7 29.1 29.2 28.9 29.1 24.4 24.3 24.5 24.2 9.2 10.0 9.6 9.8 4.0 4.6 4.2 4.5 100.0 100.0 100.0 100.0 32.1 31.1 30.3 29.5 29.1 27.9 25.0 25.0 25.6 9.3 10.3 11.0 4.1 4.7 5.2 100.0 100.0 100.0 Unadjusted June 1975 May 1975 June 1974 Note: D e t a i l s may not add to t o t a l s because of rounding 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 . -3- G.25 AUTOMOBILE LOANS AT MAJOR FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS JUNE 1975 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 Loans as per c e n t of dealer cost Maturities 31-36 Over 36 months months 24 months or l e s s 25-30 months 90% or l e s s 91% t o 100% 101% t o 105% 106% to 110% •Over 110% 6.2 1.5 1.0 0.2 0.1 1.0 0.3 0.2 0.1 * 34.1 20.8 6.2 2.4 1.5 Total 9.0 1.5 65.3 ' 8.7 10.9 3.4 1.2 1.0 25.0 Balloon * 0.1- * 0.2 Total 49.8' 33.6 10.4 3.9 2.3 100.0 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 as per c e n t of wholesale value 19-24 months 2.9 0.4 0.2 0.1 0.1 6.1 2.5 1.2 0.5 0.3 8.7 9.7 8.2 2.9 1.2 14.4 17.3 15.4 5.9 2.7 3.7 10.0 30.6 55.6 90% or l e s s 91% t o 100% 101% t o 110% 111% t o 120% Over 120% Total Maturities 25-30 Over 30 months months 18 months or l e s s . 1 not add Note: D e t a i l s may t o t o t a l s because of r o u n d i n g * Less t h a n o n e - t e n t h of one per c e n t . Balloon Total 32.1 29.5 25.0 9.3 4.1 0.1 100.0
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