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F E D E R A L R E S E R V E statistical flUL Rt^.- isH C ' ^ V i - t n - ' •- v For immediate release August 2, 1968 G.25 AUTOMOBILE LOANS BY MAJOR SALES FINANCE-COMPANIES THE PROPORTION OF LONGER(OVER 30 MDNTHS) USED CAR CONTRACTS HAS FURTHER DECLINED IN JUNE FOR THE FOURTH CONSECUTIVE MONTH. - | 35 i 1 1966 Seasonally adjusted June 1968 May 1968 April 1968 March 1968 1 1967 1968 MATURITY DISTRIBUTION - NEW CAR CONTRACTS 24 months 25-30 31-36 Over 36 Balloon Total months months months 7» % % % % 13.2 13.4 13.8 13.6 2.5 2.6 2.5 2.5 83.2 83.1 82.5 82.9 12.2 12.8 12.9 2.3 2.6 2.6 84.4 83.7 83.6 i No. of contracts reported (000) 0.5 0.4 0.5 0.4 0.6 0.5 0.7 0.6 100.0 100.0 100.0 100.0 112 128 119 109 0.5 0.4 0.5 0.6 0.5 0.4 100.0 100.0 100.0 134 132 135 Unadjusted June 1968 May 1968 June 1967 Seasonally adjusted June 1968 May 1968 April 1968 March 1968 ' MATURITY DISTRIBUTION - USED CAR CONTRACTS 18 months 19-24 25-30 Over .30 j Balloon Total or less months months months P % 7. % % % No. of contracts reported (000) 6.9 6.7 6.9 6.7 17.5 17.3 17.2 16.9 34.2 '34.0 33\2 33.5 41.2 41.6 42.4 42.6 0.2 0.4 0.3 0.3 100.0 100.0 100.0 100.0 38 44 43 40 6.4 6.2 • 7.3 17.3 16.6 19.2 36.1 35.3 36.8 40.0 41.6 3S r 3 C .2 C .3 C .4 100.0 100.0 100.0 44 46 . 49 Unadjusted June 1968 May 1968 June 1967 -2- / AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES USED CAR CONTRACTS WITH RELATIVELY-LARGE DOWNPAYMENTS HAVE RISEN DURING THE PAST MONTH. 50 45 1966 Seasonally adjusted June 1968 May 1968 April 1968 March 1968 1968 1967 DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS loan as per cent of dealer cost) No. of contracts 90 or 91-100 101-105 106-110 Over 110 Total reported (000) 7= 7= 7= 7= % 45.0 - 31.6 45.3 31.5 32.0 44.6 , 44.8 31.8 12.9 13.1 13.1 12.9 6.2 6.1 6.0 6.2 4.3 4.0 4.3 4.3 100.0 100.0 100.0 100.0 103 116 108 100 13.1 13.2 13.0 6.1 6.1 6.1 4.1 3.9 4.3 100.0 100.0 100.0 123 121 123 Unadjusted June 1968 May 1968 June 1967 Seasonally adjusted June 1968 May 1968 April 1968 March 1968 44.2 45.1 44.1 32.5 31.7 32.5 DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS (loan as per cent of wholesale value) No. of contracts 90 or 91- 100 101-110 111-120 Over 120 Total reported (000) 7= 7> 7, % % 27.3 26.4 26.0 26.8 24 .3 23 .7 24 .3 25 .1 25.2 25.4 25.3 25.5 13.4 14.2 14.2 13.7 9.8 10.3 10.2 8.9 100.0 100.0 100.0 100.0 32 37 37 33 25.7 24.6 24.1 24 .2 23 .3 23 .5 25.8 25.9 24.5 14.2 15.1 15.4 10.1 11.1 12.5 100.0 100.0 100.0 37 39 42 "Unadjusted June 1968 May 1968 June 1967 G. 25 -3AUTOMOBILE LOANS BY MAJOR SALES FINANC E COMPANIES DEALER COST RATIOS AND MATURITI ON AUTOMOBILE INSTALMENT LOANS (Percentage distribution of contrac Not seasonally adjusted Loan as per cent of dealer cost 24 months 907o or less 91% to 100% .101% to 105% ' 106% to 110% Over 110% 8.4 1.8 .0.9 0.2 0.2 Total 11.4 25-30 months 1.4 0.6 0.2 0.1 0.1 31-36 months Ove 34.2 29.7 11.8 5.8 3.8 36 hs 0 1 0.2 0.1 Balloon 0.1 0.3 0.1 85.2 ' 44.2 32.5 13.1 6.1 4.1 100.0 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 25-30 Ovjer 30 months months 18 months 19-24 months 3.8 0.7 0.5 0.2 0.2 6.8 3.5 2.5 1.3 1.0 7.9 9.8 10.3 5.4 3.7 7.2 10.2 12.5 7.2 5.2 0.1 5 .5 15.1 37.0 4.2.3 0.1 Note: Details may not add to totals because of rounding. -Less than one-tenth of one per cent. Balloon * Total 25 .7 24.2 25 .8 14.2 10.1 100.0
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