Full text of G.25 Automobile Loans by Major Finance Companies : December 9, 1965

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/7

Not For Publication
L.4.1

December 9, 1965^

Automobile Loans by Major Sales Finance. Companies
Maturities - New Cars

Percentage distribution of contracts
24 months
25-30
31-36 Over 36 Balloon
months months months
1959
1960- -Year
1961- -Year
1962- -Year
1963- -Year
1964- -Year

19.3
20.4
20.8
18.6
17.5
15.4

10.5
8.4
7.2
• 5.6
4.7
4.0

1964- -Jan.
Feb.
March
April
May

18.7
16.8
16.3
15.4
14.9
14.6
13.4
13.4
14.2
15. 2"
16.1
18.0

4.7
4.6
4.3
4.2
4.1
3.8
3.6
3.5
3.8
3.7
3.7
3.9

17.7
16.4
15. 3
15.1
15.0
14.5,
14.-2
14,0
14.0
15.3

4.1
4.0
3.8
3.8
3. 7
3.5
3.2
3.2
3.3
3.3

July
Aug.
Sept.
Oct.
Nov.
Dec.
1965--Jan.
Feb.
March
April
May
July
August
Sept.
Oct.
Nov.
Dec.




Total

Total
contra*

0.6
1.0
0.7
0.8
0,7
0.6

0.5
0.6
0.6
0.7
0.8
0(9

100.0
, 100.0
100.0
100.0
100. 0

862
1,'4U
1,123
1,437
1,544
1,543

74.8
76.8
77.9
79.0
79.6
80.2
81.7
81.8
. 80.7
79.7
78.4
76.6

0.8
0.8
. 0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.6

1.0
1.0
0.9
0.8
0.8
0.8
0.7
0.7
0.7
0.8
1.2
0.9

100.0
100.0
100.0
100.0
100. 0
100.0
• 100.0
lOO'.t)
100.0
100.0
100.0
100.0

111
108
.131
144
141
157
151
137
125
133
85
121

76.8
78.2
79.6
79.9
80.0
80.7
81.4
81.7
81.7
80.2

0.5
0.5
0.5
0.5
0.6
0.6
0.6
0.6
0.6
0.5

0.9 1 , . 100.0
100.0
0.9
100.0
0.8
100.0
0.7
100.0
" 0. 7
100.0
0.7
0.6
100.0
100.0
0.5
... 100>. 0
0;4

105
109
138
144
135
157
15.6
153
132

69.1
69.6 70.7
74.3
76. 3
79.1

0.7

IOO-.O

.100.0

141

Not For Publication
L.4.1

- December 9; 1965.

Automobile

Loans by Major Sales Finance Companies

Dealer Cost Ratios - New Cars
(loan as percent of dealer cost)
Percentage distribution of contracts
90
91101Over
106or less
100
105
lld
110
1959
1960- -Year
1961- -Year
1962- -Year
1963- -Year
1964- -Year

52.1
51.8
50.1
47.4
45.5
44.1

28.4
29.2
30.9
31.0
30.4
30.6

10.4
10.3
10.5
11.7
12.2
12.8

1964- - j a n .
Feb.
March '
April
May
June July .
August
Sept.
Oct.
Nov.
Dec.

44.2
44.2
44.7
44.9
44.3
43.9
42.4
43.8
44.7
44.3
42.3
45.1

30.6
30.5
30.1
30.1
30.5
31.2
32.0
31.9
31.8
29.2
30.2
29.0

12.6
12.8
12.8
12.7
12.9
13.3
12.8
12.5
12.4
13.2
13.1

1 9 6 5 --Jan.
Feb.
March
April
May
June
July August
Sept.
Oct.
Nov.

44.9
44 T4
44.9
45.2
44.6
43.9
43.5
43.1
43.2

29.4
30.0
30.0
30.1
30.8
- 31.2
31.7

13.1
13.1
12.8
12.7
12.6
12.9
12.8

44.1

30.1




$:!

12.8

ill

12.5

Total
contracts

reported(000)
820
1,245
1,005
1,270
1,369
1,398

3.9
3.7
3.6
4.2
5.3
5.6

100.0 .
100.0
100.0
100.0
100.0
100.0

5.7
5.6
5.6
5.4
5.4.
5.4
5.4
5.1
4.9
6.6
6.7
5.7

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

98
97
119
131
129
144
137
125
113
120
74
111

is

5.6
5.6
5.6
5.3
5.3
5.3
5.4
5.5
5.4

95
99
126
131
122
142
140
138
119

7.0

6.3

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

5.2
5.0
4.9
5.7

6.6
6.9
6.9
6.9

6.8
6.9
6.9
6.7
6.9
6.4

6.1
7.5
7.6
7.1
7.0
7.0

6.8
6.7
6.7
6.7

6.6

.

'

127

/?

Not For Publication

December 9, 1965.

Automobile Loans by Major Sales Finance Companies
Maturities - Used Cars

18 months
or less
1959
I960—Year
1961—Year
1962—Year
1963—Year
1964—Year
1964—Jan.
Feb.
March
April
May
July
August
Sept.
Oct.
Nov.
Dec.
1965—Jan.
Feb.
March
<, April
May
July
August
Sept.
Oct.
Nov.
Dec.

Percentage distribution of'contracts
25-30
Over 30
19-24
Balloon
paper
months months months
37.9
32.5
31.2
26.2
21.4
18.8

35.6
34.9
37.3
38.7
34.7
32.7 •

14.4
20.6
18.1
24.5
34.4
40.4

7.7
7.2
7.2
7.0
6.9
7.3
7.4
7.9
8.6
7.9
8.5
8.5

17.9
17.7 ,
17.5
18.1
18.0
18.6
19.5
20.8
21.6
18.9
18.7
18.7

31.8
31.9
33.2
33.9
34.7
34.6
35.1
35.2
34.5
28. 3
27.8
29.0

41.9
42.6
41.6
40.5
40.0
39.1
37.6
35.7
34.8
44. 3
44.4
43.1

7.6
7.1
6.9
6.8
6.9
7.1
7.2
7.8
8.8
8.2

16.5
15.9
16. 7
16.8
17.4
17.9
19.3
20.4
21.3
19.8

30.6
32.1
32.8
32.9
3b. 5
34.1
34.9
34.3
34.1
27.9

44.7
44.3
43.0
43.0
41.7
40.5
38.1
37.1
35.4
43.5 .

11.8
11.7
13.0
10.2
9.0
7.6




.

'

1

Total

Total
contracts
reported (

0.3
0.3 .
0.4
0.4
0.5
0.5

100.0
100.0
100.0
100.0
100.0
100.0

341
464
438
491
519
525

0.7
0.6
0.5
0.5
0.4
0.4
0.4
0.4
0.5
0.6
0.6
0.7

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

42
40
46
50
47
51
' 50
42
40
42
35
42

0.6
0. 6
0.6
0.5
0.5
0.5,
0.5
0.4
0.4
0.6

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

38
J9
48
50
47
53
/.0
47

,

38

"

Not For Publication
L.4.1

Depember-9, 1965.

Automobile Loans by Major Sales Finance Companies
Dealer Cost Ratios - Used Cars
(loah as percent of .holesale value)

90

Percentage distribution of contracts
101;
91111110
120
100
• 120

1959
1960—Year
1961—Year
1962—Year
1963—Year
1964—Year

40. 3
39.8
33.3
30.9
28.0
26.5

1964—Jan.
Feb.
March
April
MayJune
July
August
Sept.
Oct.
Nov.

28.4
28.7
26.6
26. 7
24.6
24.3
24.2
25.2
25.8
29.2
27.8
28.2"

25.8
23.0
25.6 • 23.2
24.4
23.8
25.2
24.8
23. 7
24.5
24:4
24.9
24.4
25. 3
24.6
25.0
25. 8
24.4
26.6
23. 3
26. 1
23.4
25.6
23.5

30.2
29. 1
28.6
26.8
25.6
25.6
24. 7
24.3
23.9
25.1

25. 7
23.1
26.8
23. 8
26.4
23.8
25.1
24.5
25.4
24.8
25. 3
24.9
24.5
25. 3
25.2
25.0
23.7 ' 24.5
24.4
24.2

1965-^Jan.
Feb.
April
May
July
August
Sept.
Oct.
Nov.

26.0
18. 3
26. 1 . 18.6
26.9
20.8
26.4
21.8
25.9
23.1
25.1
24. 1

'




.

,

X

Total

Total
contracts
reported (000)

9.0
8. 7
10.4
11.6
12. 7
13.4

6.4
6.8
8.6
9. 3
10. 3
10.9

100.0
100.0
100.0
100.0
100.0
100.0

12.6
12.4
13.9
13. 7
14.8
14. 7
14.1
13.9
13.3
11. 7
12. 3
12.3

10.2
10.1
11.3
9.6
12.4
11. 7
12.0
11.3
10. 7
9.2
10.4
10.4

100.0 100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

34
33
39
36
39
43
42 .
35
33
34
28
34

8.9
8.4
9.0
10. 3
10.6
10.4
11.4
11.4
13.2

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

32
33
40
42
38
44
40
39
35

12.6

100.0

30

12. 1
11.8
12. 3
13. 3
13.6
13.8
14.1
14. 1
14.7
13.7

.

305
399
370
398
420
431

• •