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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 - N W CAR CONTRACTS E 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 49.8 33.2 4.5 12.5 Note: Digitized for D 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 FRASER 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 - 2 --2 L AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES THE PROPORTION OF USED CAR CONTRACTS WITH L W DOWNPAYMENTS (DEALER COST RATIOS OVER O 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 - N W CAR CONTRACTS E ( 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 N W CARS E ( 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
