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For Immediate jre lease
'

£.25

— ^c-vxA

1966.

AUTOMOBILE(LOANS.BY MAJOR SALES FINANCE COMPANIES
THE PROPORTION OF NEW CAR CONTRACTS FOR 31-36
MONTHS HAS RISEN A LITTLE RECENTLY
Per cent

1

.1964

1965

1966

MATURITY DISTRIBUTION - NEW CAR CONTRACTS
24 months 25-30 31-36 Over 36 Balloon
paper
or less months months months
Total
X
%
%
%.

X

No. of contracts
reported (000)

Seasonally adjusted
October 1966
September 1966
August 1966
July 1966

15.4
15.7'
15.7
15.8

3.2
3.1
3.2
3.1

80.4
80.2
80.0
80.0

0.4
0.5
0.5
0.6

0.6
0.5
0.6
0.5

100.0
100.0
100.0
100.0

15.7
13.8
15.3

3.2
3.0
3.3

80.1
82.3 =
80.2

0.4
0.5
0.5

0.6
0.4
0.7

100.0
100.0
100.0

<

131
134
147
130

Unadjusted
October 1966
Month ago
Year ago

MATURITY DISTRIBUTION - USED (jar conti(ACTS 18 months 19-24 25-30 Over 30 Balloon
or less° months months months
paper
Total
Seasonally adjusted
October 1966
September 1966
August 1966
July 1966

%

%

%

%

%

140
118
141 .

No. of contracts
reported (000)

8.0
8.9
8.8
8.5

19.7
21.9
21.0
21.7

29.1
31.3
31.8
31.8

42.9
37.6
38.0
37.6

0.3
0.3
0.4
0.4

100.0
100.0
100.0
100.0

38
49
51
44

8.8
9,9
8.,2

21.7
24.2
19.8

27.6
33.1
27.9

41.5
32.5
43.5

0,4
0.3
0.6

100.0
100.0
100.0

M
38

Unadjusted
October 1966
Month ago
Year ago
Note:

Monthly data available on request for years 1960-65


http://fraser.stlouisfed.org/
1
Federal Reserve Bank of St. Louis

40

AUTOMOBTT.R T/MNS BY MAJOR SALES FINANCE COMPANIES
USED CAR CONTRACTS WITH DEALER COST RATIOS OF 100%
OR LESS HAVE INCREASED SINCE MID-YEAR

55
50
45

1966

1965

1964

DISTRIBUTION*OF DEALER COST RATIOS - NEW CAR CONTRACTS
loan as per cent of dealer cost
90 or 91-100 101-105 106-110 Over 110
No. of contracts
Total reported (000)
less
7.
%
%
%
%
Seasonally adjusted
October 1966
September 1966
August 1966
July 1966

45.0
44.4
43.5
42.4

31.5
31.9
31.5
31.9

12.7
12.4 .
13.1
13.3

6.1
6.3
6.7
7.0

4.7
5.0
5.2
5.4

100.0
100.0
100.0
100.0

119
120
132
115

45.5
44.4
44.1

30.6
33.4
30.1

12,4
12.0
12.5

6.3
5.7
7.0

5.2
4.5
6.3

100.0
100.0
100.0

127
107
127

Unadjusted
October 1966
Month ago
Year ago

DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS
> per cent of wholesale value)
No. of contracts
90 or 91-100 101-110 111-120 Over 120
Total reported (000)
less
7.
%
•
V
%
%
Seasonally adjusted

f

October 1966
September 1966
August 1966
July 1966

25.3 '
24.2
23.3
23.1

23.1
22.2
21.9
22.2

24.1
24.3
23.5
23.2

14.7
15.3
16.2
16.1

12.8
14.0
15.1
15.4

100.0
100.0
100.0
100.0

33
39
41
35

26.6
23.0

23.8
22.2

23.7
24.4
24.2

13.8
15.6
13.7

12.1
14.8
12.6

100.0
100.0
100.0

32
36
30

Unadjusted
October 1966
Month ago

DigitizedYear
for FRASER
25.1
ago


24.4

G.2S

,

-3-

AUTOMDBILE LOANS BY MAJOR SALES FINANCE COMPANIES
DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTALMENT LOANS
OCTOBER 1966
NEW CARS
(Percentage distribution of contracts)
Not seasonally adjusted

Maturities

Loan as
pe% cent of
cealer cost

24 months
or less

25-30
months

90% or less
91% to 100%
101% to 105%
106% to 110%
Over 110%

' 11.9
2.1
0.8
0.3
_0^3

2.0
0.8
0,3
0.1
0.1

31.3
27.3
11.2
5.9

0.2
0.2
0.1

0.1
0.2
0.1

45.5
30.6
12.4
6.3
5.2

15.4

3.3

80.5

0.4

0.4

100.0

Total

31-36 Over 36
months months

Balloon
paper

;

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
months

25-30
months

4.6
1.2
0.8
0.4

6.9
4.0
3.4
2.1

9.2 .
11.9
12.1
7.0

JLLt

5.9
6.7
7.4
4.2
^ 8

18.7

28.0

45.4

_0J.
7.6

Over 30 Balloon
paper
months
0.1
0.1

0.1

- i M

0.3

100.0

Note: Details may not add to totals because of rounding.
*Less than one-tenth of one per cent.




23.8
23.7
13.8

c
X