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315"

FEDERAL

RESERVE

statistical

release
For immediate r e l e a s e
August 7, 1973

AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES
THE-PROPORTION OF USED CAR CONTRACTS WITH
MATURITIES OVER 30 MONTHS INCREASED AGAIN
DURING JUNE.

1970

Seasonally adjusted
June 1973
May 1973
A p r i l 1973
March 1973

1971

1972

1973

MATURITY DISTRIBUTION - NEW CAR CONTRACTS
Over 36
Balloon
25-30
31-36
24 months
months
monthg
months
o^ess
P
7= "
7=
%
%

Total

11.0
11.2
11.1
11.2

2.2
2.0
2.2
2.4

83.4
83.7
84.2
84.2

2.6
2.4
2.0
1.8

0.4
0.3
0.2
0.3

100.0
100.0
100.0
100.0

10.0
10.6
10.6

2.0
2.1
2.2

84.9
84.5
86.2

2.9
2.7
0.8

0.3
0.2
0.2

100.0
100.0
100.0

Unadjusted
June 1973
May 1973
June 1972

Seasonally adjusted
June 1973
May 1973
A p r i l 1973
March 1973

MATURITY DISTRIBUTION - USED CAR CONTRACTS
25-30
Balloon
Over 30
19-24
18 months
months
months
months
P
%
%
%
%
%
4.9
4.9
4.9
4.8

13.3
13.3
13.8
13.5

28.5
28.4
28.8
28.4

53.7
53.2
52.3
52.2

0.2
0.1
0.1
0.1

Total

100.0
100.0
100.0
100.0

Unadjusted
12.6
30.8
4.4
52.1
0.2
12.2
29.5
4 .6
53.6
0.1
0
.1
4
9
.
8
33.2
4.5
12.5
Note:for DFRASER
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
Digitized
f a c t o r s by s e c t o r .
http://fraser.stlouisfed.org/
June 1973
May 1973
June 1972

Federal Reserve Bank of St. Louis

100.0
100.0
100.0
seasonal
'

G.25

-- 22 -L

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.
55
45

35
1970

Seasonally adjusted
June 1973
May 1973
A p r i l 1973
March 1973

1971

1972

1973

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
106-110
Over 110
91-100
101-105
Total
%
%
%
%
%
42.8
42.8
42.9
43.6

31.7
32.1
31.9
31.8

13.9
13.9
13.8
13.6

6.8
6.8
6.6
6.3

4.8
4.8
4.8
4.7

100.0
100.0
100.0
100.0

42.6
43.3
45.4

32.1
32.0
31.9

13.9
13.7
12.8

6.7
6.5
6.0

4 .6
4.5
4.0

100.0
100.0
100.0

Unadjusted
June 1973
May 1973
June 1972

Seasonally adjusted
June 1973
May 1973
A p r i l 1973
March 1973

DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS
( l o a n as per c e n t of w h o l e s a l e v a l u e )
Over 120
90 or
91-100
101-110
111-120
less
Total
70
%
%
%
%
30.5
29.9
31.2
31.5

27.7
28.0
' 27.7
28.3

24.6
25.4
24.8
24.5

11.6
11.1
10.9
10.9

5 .6
5.7
5.3
5.3

100.0
100.0
100.0
100.0

29.3
29.3
29.6

27.8
27.6
27.7

25.4
25.5
24.9

11.7
11.6
11.0

5.8
6.0
6.9

100.0
100.0
100.0

Unadjusted
June 1973
May 1973
June 1972

Note: D e t a i l s may n o t add t o t o t a l s because of r o u n d i n g 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

-3AUTOMJBILE LOANS BY M&JOR FINANCE COMPANIES
DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTALMENT LOANS
JUNE 1973
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
Loan as
per c e n t of
dealer cost

24 months

907o or l e s s
91% t o 100%
101% to 105%
106% to 110%
Over 110%
Total

25-30
months

Maturities
31-36
months

Over 36
months

Balloon
*

6.8
1.7
1.1
0.2
0.1

1.0
0.5
0.4
0.1
0.1

34.2
28.6
11.9
6.1
4.2

0.7
1.1
0.6
0.3
0.3

10.0

2.0

84.9

2.9

0.2
0.1
*

0.3

Total
42.6
32.1
13.9
6.7
4 .6
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
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 moriths

19-24
months

3.3
0,6
0.3
0.1
0.1

6.6
2.8
1.9
0.9
0.4

7.8
9.4
8.2
3.7
1.6

11.6
15.0
15.0
6.9
3.6

4.4

12.6

30.8

52.1

Note: D e t a i l s may not add t o t o t a l s because of r o u n d i n g .
* Less than o n e - t e n t h of one per c e n t .




•
Balloon
*

0.1
0.1
*

0.2

Total
29.3
27.8
25.4
11.7
5.8
100.0