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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 MATURITY DISTR][BUT ION - USED CAR CONTRACTS 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 :
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