The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL J&Zar&i'. RESERVE statistical release For immediate r e l e a s e December 11,1973 AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES THE PROPORTION OF NEW CAR CONTRACTS WITH MATURITIES OF 31-36 MONTHS INCREASED SOMEWHAT IN OCTOBER. - 90 1971 * Seasonally adjusted October 1973 September 1973 August 1973 J u l y 1973 ' 1973 1972 MATURITY DISTRIBUTION 24 months 25-30 31-36 months months % % % ' CAR CONTRACTS Over 36 Balloon months V % Total 11.5 11.3 11.2 11.0 •2.2 1.9 2.2 2.1 83.4 82.8 82.4 83.2 3.8 3.4 3 .3 3.0 0.2 0.1 0.3 0.1 100.0 100.0 100.0 100.0 13.3 9.9 14.5 2.3 1.6 ' 2.8 81.1 85.1 81.4 3.1 3.3 1.1 0.2 0.1 0.2 100.0 100.0 100.0 Unadjusted; October 1973 September 19/3 October 1972 MATURITY DISTRIBUTION - USED CAR CONTRACTS 25-30 Over 30 Balloon 18 months 19-24 paper months months months Seasonally adjusted October 1973 September 1973 August 1973 J u l y 1973 % % % 7o % 4.9 4.7 4.8 4.7 15.2 12.5 12.8 12.7 37.4 29.4 28.8 29.1 43.4 55.6 54.8 54.3 0.1 0.1 0.1 0.1 100.0 100.0 100.0 100.0 5.2 5.1 5.3 16.2 15.1 15.5 32.9 33.0 34.9 45.7 46.8 44.2 0.1 0.1 0.1 100.0 100.0 100.0 Unadjusted October 1973 September 1973 October 1972 Note: 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 o f . s e a s o n a l f a c t o r s by s e c t o r . , G.25 -2AUTOMDBILE LOANS BY MUOR FINANCE COMPANIES THE PROPORTION OF NEW CAR CONTRACTS WITH LOW DOWNPAYMENTS (DEALER COST RATIOS OVER 100%) ROSE IN OCTOBER FOLLOWING THE SHARP DROP IN SEPTEMBER. 1970 Seasonally adjusted October 1973 September 1973 August 1973 J u l y 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 ) . Over 110 106-110 90 or 91-100 101-105 Total 7= 7o % % % 43.8 45.5 44.0 43.2 32.4 31.6 31.8 31.8 13.4 12.9 14.0 13.9 6.0 6.0 6.3 6.5 4.3 4.1 4.6 4.6 44.6 46.2 44.4 31.6 32.1 30.9 13,4 12.0 14.1 6.1 5.7 6.3 4.4 4.1 4.4 • 100.0 100.0 100.0 100.0 Unadjusted October 1973 September 1973 October 1972 Seasonally adjusted October 1973 September 1973 August 1973 J u l y 1973 100.0 100.0 100.0 DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS (loan as per cent of wholesale v a l u e ) Over 120 111-120 91-100 101-110 90 or Total 7. 7» % % % 29.3 30.6 31.3 29.8 26.2 26.9 27.9 28.0 25.4 25.4 .24.5 24.8 12.5 11.5 10.8 11.5 7.0 5.8 5.5 5.8 100.0 100.0 100.0 100.0 30.6 30.1 30.7 26.8 26.8 26.6 24.9 25.2 24.7 11.6 11.7 11.5 6.1 6.2 6 .6 100.0 100.0 100.0 Unadjusted October 1973 September 1973 October 1972 Note: 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 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 AUT0M3BILE LOANS BY MAJOR FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMDBILE INSTALMENT LOANS OCTOBER 1973 NEW CARS (Percentage 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 cent of dealer cost 90% or l e s s 91% to 100% 101% to 105% 106% to 110% Over 110% Total 24 months 25-30 months Maturities 31-36 months Over 36 months 8.4 2.8 1.8 0.2 0.2 1.1 0.7 0.4 0.2 0.1 34.3 27.0 10.6 5.4 3.9 0.7 1.2 0.6 0.3 0.3 13.3 2.3 81.1 3.1 Balloon * 0.1 * 0.2 Total 44.6 31.6 13.4 6.1 4.4 100.0 USED CARS (Percentage 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 cent of wholesale v a l u e 90% or l e s s 91% to 100% 101% to 110% 111% to 120% Over 120% Total 18 months Maturities 25-30 months 19-24 months 4.0 0.6 0.3 0.2 0.1 7.9 4.1 2.5 1.3 0.6 5.2 16.2 ' 8.3 9.3 9.1 4.1 2.1 10.5 12.8 13.1 6.0 3.3 32.9 45.7 Note: D e t a i l s may not add to 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 . Over 30 months Balloon * 0.1 * 0.1 Total 30.6 26.8 24.9 11.6 6.1 100.0
@FedFRASER