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FEDERAL statistical RESERVE release For immediate release G.21 ^ — August 18, 1966. AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES THE PER CENT OF NEW CAR CONTRACTS FOR 31-36 MONTHS HAS GRADUALLY INCREASED SINCE 1964 Seasonally adjusted June 1966 May 1966 April 1966 March 1966 Par cent MATURITY DISTRIBUTION - NEW CAR CONTRACTS 24 months 25-30 31-36 Over 36 Balloon paper months months months Total % 7. % % % No. of contracts reported (000) 15.5 15.4 15.4 15.1 3.0 3.2 3.3 3.3 80,2 80.1 80.1 80.5 0<6 0.6 0.5 ' 0.5 0.7 0.7 0.7 0.6 100.0 100.0 100.0 100.0 ' 142 • 128 126 - 154 14.0 14.8 14.5 2.9 3.1 3.5 81.9 80.9 80.7 0.6 0.5 0.6 0.6 0.7 0\7 100.0 100.0 100.0 161 138 157 Unadjusted June 1966 Month ago Year ago [BUT ION - USED CAR CONTRACTS MATURITY DISTR] 18 months IB-24 25-30 Over 30 Balloon paper Total months months months Seasonally adjusted June 1966 May 1966 April 1966 March 1966 % % % % No. of contracts reported (000) % 8.2 8.7 8.4 7.9 21.2 21.3 20.9 20.1 32.2 32.2 32.4 32.6 37.8 37.2 37.9 39.0 0.6 0.6 0.4 0.4 100.0 100.0 100.0 100.0 50 46 44 53 7.5 7.7 7.1 20.5 19.8 17.9 33.4 33.0 34.1 38.2 39.0 40.4 0.4 0.5 0.5 100.0 100.0 100.0 54 48 53 Unadjusted June 1966 Month ago Year ago Note: Monthly data for years 1960-1965 are available on request. AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES THE PROPORTION OF NEW CAR CONTRACTS WITH DEALER COST RATIOS* OVER 100% IS RUNNING ABOVE YEAR AGO LEVELS June 1966 May 1966 April 1966 . March 1966 DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS loan ai per cent of dealer cost' 90 or 91-100 101-105. 106-110 Over 110 No. of contracts less Total reported (000) 7. 7, 7. % 7, 41.9 42.0 41.9 43.1 32.0 13.5 31.7 13.4 31.5 13.5 31.1 ' 13.1 6.9 7.0 7.1 . 7.0 5.7 5.9 6.0 5.7 100.0 100.0 100.0 ioo. a 126 114 113 139 100.0 100.0 100.0 145 124 142 1 Unadjusted June 1966 Month ago Year ago 30: 1965 1964 Seasonally adjusted P e r ce nt 41.7 42.2 43.9 32.6 31.9 31.2 13.6 13.4 12.9 6.8 6.9 6.7 5.3 5.6 5.3 DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS 90 or less 7. Seasonally adjusted June 1966 May 1966 j April 1966 March 1966 22.7 23.5 22.9 23.3 91-100 101-110 111-120 Over 120 7. 7, 22.3 22.8 22.9 ; 22.3 23.6 23.4 23.0 24.4 % 15.9 15.7 15.3 15.6 Total No. of contracts reported (000) 715.5 14.6 ' 15.9 14.4 100.0 100.0 100.0 100.0 43 40 38 37 June 1966 Month ago Year ago 21.8 22.1 24.2 16:6 15.3 100.0 45 22.1 25.6 22.2 25.3 23.8 24.9 16.5 j 13.8 15.4 10.4 100.0 [ 100.0 39 44 "The value of the loan (excluding finance and insurance charges) as a percentage of the car's cost to the dealer. . « 1 Unadjusted G .25 AUTOMOBILE LOANS BY MAJOR SAIJES FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS . JUNE 1966 NEW CARS * (Percentage distribution of contracts) Not seasonally adjusted Loan as per cent of dealer cost 24 months 90% or less 9.4 1.7 30.3 0.2 o.i: 91% to 1007= 101% to 105% 106% to 110% Over 110% 1.9 0.6 0.3 0.8 0.3 0.1 29.5 12.6 6.4 4.8 0.2 0.1 0.1 0.2 0.1 M 32.6 13.6 6.8 5.3 83.6 0.6 0.4 100.0 Total M 12.4 Maturities 31-36 Over 36 months months 25-30 months 3.0 ' Balloon - paper Total - 41.7 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 18 months or less 19-24 25-30 Over 30 months months months . 6.2 4.1 3.5 2.4 4.1 1.0 0.6 0.5 0.6 -1A 6.8 ' 18.5 5.9 7.8 9.1 6.1 5.4 5.6 9.1 11.0 7.7 ' • 6,9 34.3 40.2 Balloon paper ' 0.1 • M 0.2 Note: Details may not add to totals because of rounding. *Less than one-tenth of one per cent. Total 21.8 22.1 24.2 16.6 15.3 100.0 :
