View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

F

E

D

E

R

A

L

R

statistical
-vti&ZA

E

S

E

R

V

E

r e l e a s e

(2fKyQu>>Wi;'-

*

AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES
THE PERCENTAGE OF NEW CAR LOANS WITH 31-36
MONTH MATURITIES INCREASED SHARPLY TO A
NEW HIGH DURING OCTOBER.

;
1967

Seasonally adjusted
October 1970
September 1970
August 1970
Jul;y 1970

'

j

1969

78

1970

MATURITY DISTRIBUTION - NEW, CAR -CONTRACTS
i 24 months1
25-30 I 31-36 ! Over 36 ! Balloon
1 months ! months ' months
1
1 ^ %
7o .
%
!

Total

%

i
:

ii .5
12.9
13
13 . 6

1

\i
2.7

;

85.7
83.8
83.3
82.9

!
l
1

.2
S:
.3
0.
0.3

|

!

0.5
0.3
0.6
0.5

. 100.0
100.0
100.0
100.0

0.5
0.2
0.5

100.0
100.0
100.0

i

Unadjusted

j
12 .5
11 .4
16 .9

October 1970
September 1970
October 1969

1
2.4

;

-

i

0.
0.
0.4

84.4
86.0
79.5

(

MATURITY DISTRIBUTION - USED CAR CONTRACTS
18 months 1
19-24
25-30 i Over 30
Balloon
months ' months i months
P
7
;
°
%
I
i
j

%

Seasonally adjusted
October 1970
September 1970
August 1970
July 1970

^

1968

%

1
j

5 .9
5 •8
5 .5
.6

j
!
|

Total

15 .5
15 .8
15 .9
15 .5

29.8
31.8
31.4
31.0

|
j
'
.

48.4
48.5
48.8
48.8

0 .1
0 .1
0 .1
0 .1

100.0
100,0
100.0
10010

16,.3
18. 9
17 .5

26.4
34.3
26.9

!
j
!

51.1
40.2
49.2

0,.1
0. 1
0. 2

100.0
100.0
100.0

5

Unadjusted
October 1970
September 1970
October 1969
Note:

6 .1
6 .5
6 .2

)

Details may not add to totals because of rounding and construction of

seasonal
factors by sector.



AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES
V

THE PERCENTAGE OF USED CAR LOANS WITH HIGH
DOWNPAYMENTS (DEALER COST RATIO BELOW 100%)
FELL BACK IN OCTOBER AFTER RISING THROUGHOUT MOST OF 1970.
1
-J 60
-1 55
M 50
j 45
1967

1968

1969

1970

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
Total
Seasonally adjusted

.

October 1970
September 1970
August 1970
July 1970

%

%

7.

%

7o

48.0
48.1
48.8
48.1

32.2
31.0
31.5
31.4

11.5
11.9
11.8
12.1

5.4
5.3
5.0
5.1

3.4
3.4
3.2
3.3

100.0
100.0
100.0
100.0

48.5
48.2
44.4

31.1
32.2
31.8

11.4
11.2
14.1

5.5
5.0
5 .6

3.6
3.4
4.2

100.0
100.0
100.0

Unadjusted
October 1970
September 1970
October 1969

Seasonally adjusted
October 1970
September 1970
August 1970
July 1970

DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS
(loan as per cent of wholesale value)
90 or
Over 120
91-100
101-110
111-120
Total
less
7=
7„
7o
7,
%

31.9
34.4
33.7
33.6

27.5
28.3
28.5
27.9

23.4
23.1
23.4
23.7

10.5
9.7
9.9
10.0

5 .3
5.2
5.2
5 .5

100.0
100.0
100.0
100.0

34.6
33.2
29.6

28.7
28.0
26.1

22.9
23.3
24.9

9.4
10.1
11.9

4.5
5.6
7.4

100.0
100.0
100.0

Unadjusted
October 1970
September 1970
October 1969
Note:

Details may not add to totals because of rounding and construction of

seasonal factors by sector.



G.25

-3AUT0M3BILE LOANS BY MAJOR FINANCE COMPANIES
DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTALMENT LOANS
OCTOBER 1970
NEW CARS
(Percentage distribution of contracts)
Not seasonally adjusted

Loan as
per cent of
dealer cost
90% or less
91 A, to 100%
101% to 105%
106% to 110%
Over 110%
Total .

24 months

|

9.8
1.6
0.8
0.2
0.2

|

12.5

|
I

25-30
months

Maturities
31-36
months

1 .5
0.5
0.2
0.1
0.1

37.1
28.5
10.3
5.2
3.4

2.4

84.4

Over 36
months
0.1
0.1
|
|
|

j

Balloon
paper
0.1
0.3
0.1
0.1.

*

*

0.2

0.5

48.5
31.1
11.4
5.5
3.6
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

18 months

4.7
0.8
0.4
0.2
0.1
6.1

19-24
months

|

j

8.8
4.2
2.2
0.8
0.4
16.3

Maturities
25-30
j
months
8.3
8.4
6.r
2.5
1.2
26.4

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




Over 30
months
12.8
15.2
14.2
5.9
2.9
51.1

Balloon
*
0.1

*
0.1

Total
34.6
28.7
22.9
9.4 \
4.5
100.0