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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