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F E D E R A L R s t a t i s t i c a l E S E R V r e l e a s e :e release j G.25 A * t A E w & a u * J 3 S ^ e r 16 • 1 9 6 9 AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES THE PROPORTION OF LONG-TERM USED CAR CONTRACTS (OVER 30 MONTHS) DROPPED SHARPLY IN OCTOBER AFTER 6 MONTHS OF RELATIVELY LITTLE CHANGE. MATURITY DISTRIBUTION - NEW CAR CONTRACTS 25-30 31-36 Over 36 Balloon 24 months Total months months months P % % 7o % % No. of contracts reported (000) Seasonally adjusted October 1969 September 1969 August 1969 •; July 1969 16.2 13.4 12.6 13.3 2.6 2.2 2.2 2.4 80.1 83.3 83.9 83.3 0.5 0.4 0.4 0.4 0.5 0.4 0.6 0.5 100.0 100.0 100.0 100.0 130 136 106 120 16.9 12.1 15.1 2.7 2.1 2.6 79.5 85 .2 81.0 0.4 0.4 0.4 0.5 0.3 0.9 100.0 100.0 100.0 140 121 142 Unadjusted October 1969 September 1969 October 1968 MATURITY DISTRIBUTION - USED CAR CONTRACTS 25-30 Over 30 Balloon 19-24 18 months months months months P % 7» 7, % % No. of contracts reported (000) Seasonally adjusted October 1969 September 1969 August 1969 Ju^y 1969 10.0 5.9 5.9 6.2 17.7 17.2 16.9 16.3 28.2 31.4 30.7 31.0 43.2 47.3 47.7 47.3 0.2 0.3 0.2 0.2 100.0 100.0 100.0 100.0 45 42 37 42 10.4 6.8 18.6 20.2 18.4 25.0 33.4 28.0 45.8 39.5 46.6 0.2 0.2 100.0 100.0 43 38 39 Unadjusted October 1969 September 1969 October 1968 6.6. dd to Note: Details may not factors by sector. 0.4 100.0 totals because of rounding and construction of seasonal » AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES THE PROPORTION OF NEW CAR CONTRACTS WITH DEALER COST RATIOS ABOVE 100% HAS DECLINED EACH MONTH SINCE JUNE. 1966 Seasonally adjusted October 1969 September 1969 . August 1969 July 1969 1969 DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS (loan as per cent of dealer cost) j No. of contracts , 9 0 or 91-100 101-105 106-110 Over 110j Total j reported (000) i less 7= % % % j'' 1 % J 43.7 J 45.8 | 44.3 43.8 •inad justed October 1969 September 1969 October 1968 1967 33.0 30.4 31.6 31.6 14.3 13.0 13 .2 13.3 5^ 6.1 6.4 6.4 3 .9 4.8 4.7 4.9 100.0 100.0 100.0 100.0 122 126 99 111 31.8 31.7 31.2 14.1 12.2 13.3 5.6 5.7 6.3 4 .2 4.5 4.6 100.0 100.0 100.0 131 112 132 | j j 44.4 45.9 44.6 DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS 91- 100 101- 110 111-120 Over 120 ] 90 or I less Seasonally adjusted October 1969 September 1969 August 1969 July 1969 ! 70 % 27.2 27.7 27.3 27.1 24 .8 ' 25 .3 24 .9 24 .8 25 .3 24 .8 25 .6 26 .2 13.1 13.4 13.3 13.2 8 .7 9 .0 9 .1 9 .0 29.6 26.5 27.2 26 .1 | 25 .0 24 .3 24 .9 25 .1 . 24. 7 11.9 13.8 13.6 7.• 4 9..6 10. 2 % % 1 No. of contracts Tot a 1 jreported (000) 7c j j ! | 100 .0 1 100 .0 1 100 .0 100 .0 j 37 36 33 36 Unadjusted October 1969 September 1969 October 1968 1 i j 1 100 ,0 , | 100..0 100..0 I 35 33 32 Note: Details may not add to totals because of rounding and construction of seasonal factors by sector. AUTOMOBILE LOANS BY M/UOR SALES FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS OCTOBER 1969 NEW CARS . (Percentage distribution of contracts) Not seasonally adjusted Loan as per cent of dealer cost 90% or less 91% to 100% 101% to 105% 106% to 110% Over 110% Total 24 months 25-30 months Maturities 31-36 months Over 36 months 0.2 0.2 0.1 9.4 3.5 3 .4 0.3 0.2 1.4 0.8 0.5 0.1 0.1 33.4 27.2 10.2 5.1 3.8 0.1 . 16.8 2.7 79.7 0.4. Bal loon 0.1 0.2 0.1 0.4 Total 44.4 31.8 14.1 5 .6 4.2 100.0 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 19-24 months Maturities 25-30 months 4.0 0.8 0.4 0.2 0.2 6.9 3.5 2.5 1.1 0.8 6.3 7.4 7.3 3.5 2.1 12.4 14.5 14.7 7.2 4.3 0.1 5 .5 14.9 26.5 53.0 0.1 Over 30 months Note: Details may not add to totals because of rounding. * Less than one-tenth of one per cent. Balloon * Total 29.6 26.1 24.9 11.9 7.4 100.0