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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 :