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FEDERAL s t a t i s t i c a l RESERVE r e l e a s e For immediate r e l e a s e F e b r u a r y 11, 1975 AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES THE PROPORTION OF NEW CAR CONTRACTS WITH MATURITIES EXCEEDING 36 MONTHS CONTINUED TO EXPAND SHARPLY IN DECEMBER, REACHING 16 PER CENT OF THE TOTAL. m a rch r£DuvAg_ 1972 1973 •'E b a n k RiCwwco 1974 NEW CAR CONTRACTS MATURITY DISTRIBUTIONS Over 36 25-30 31-36 Balloon 24 months months months months 7, % % % % Total Seasonally adjusted December 1974 November 1974 O c t o b e r 1974 September 1974 11.5 11.6 10.2 11.0 2.0 1.8 1.8 2.0 70.8 72.5 75.1 76.5 16.0 14.4 13.2 10.5 0.3 0.2 0.2 °.5V 100.0 100.0 100.0 100.0 13.9 14.0 15.4 2.5 2.1 2.7 69.1 70.7 78.2 14.1 12.9 3.1 0.4 0.3 0.6 100.0 100.0 100.0 Unadjusted December 1974 November 1974 December 1973 MATURITY DISTRIBUTION - USED CAR CONTRACTS Over 30 Balloon 18 months 25-30 19-24 months months months P % 7o % % % Seasonally adjusted December 1974 November 1974 O c t o b e r 1974 September 1974 5.0 4.8 4.7 4.7 11.4 11.7 12.8 13.3 28.0 27.6 29.3 29.9 56.0 56.3 54.8 53.0 5.8 5.4 6.3 16.3 15.8 18.7 32.3 31.3 33.6 45 .5 47.4 41.3 : 0.2 0.1 0.1 0.1 Total 100.0 100.0 100.0 100.0 Unadjusted December 1974 November 1974 December 1973 | j i 0.2 0.1 i 0.1 1 Digitized N o tfor e : FRASER D e t a i l s may not add t o t o t a l s b e c a u s e of r o u n d i n g and c o n s t r u c t i o n of f a c t o r s by s e c t o r . http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 100.0 100.0 100.0 'I || AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES THE PROPORTION OF NEW CAR CONTRACTS WITH LOW DOWNPAYMENTS (DEALER!COST RATIOS OVER 100 PER CENT) DECLINED AGAIN IN DECEMBER FOLLOWING NOVEMBER'S SHARP DROP. 1971 1972 1973 DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS ( l o a n as per c e n t of d e a l e r c o s t ) 90 or 91-100 101-105 106-110 Over 110 less Total Z % Z Z Z Seasonally adjusted December 1974 November 1974 October 1974 September 1974 47 .2 47.2 45.6 44.6 34.5 33.6 33.3 33 .0 11.4 11.9 12.5 13.5 4 .6 4.8 5.1 5.7 2.8 3.0 3.5 3 .5 100.0 100.0 100.0 100.0 46.7 46.7 41.1 34.0 33.2 31.6 11.7 12.3 15.1 4.7 4.8 7.0 3.1 3.1 5 .3 100.0 100.0 100.0 Unadjus ted December 1974 November 1974 December 1973 DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS ( l o a n as per c e n t of w h o l e s a l e v a l u e ) 91-100 101-110 111-120 Over 120 Total z 7„ % Z Z 90 or Seasonally adjusted December 1974 November 1974 October 1974 September 1974 34.4 33.6 32.6 31.4 28.4 28.4 28.5 28.2 23.7 24.3 24.5 25.6 9.1 9.1 10.0 10.1 3.9 4.3 4.8 4.8 100.0 100.0 100.0 100.0 37.0 35.1 32.3 28.5 29.1 26.4 22.2 23.4 23.1 8.5 8.6 11.4 3.8 3 .9 6.8 100.0 100.0 100.0 Unadjus ted December 1974 November 1974 December 1973 j I """Note:for D e t a i l s may not add to t o t a l s Digitized FRASER f a c t o r s by s e c t o r . because of rounding and c o n s t r u c t i o n of s e a s o n a l G.25 -3AUT0M3BILE LOANS AT MAJOR FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS DECEMBER 1974 NEW CARS ( P e r c e n t a g e d i s t r i b u t i o n of c o n t r a c t s ) Not s e a s o n a l l y a d j u s t e d Loan as per c e n t of dealer cost 90% or l e s s 91% t o 100% 1017. to 1057= 1067= t o 1107= Over 1107= Total 24 months 25-30 months Maturities Over 36 31-36 months months 8.5 3.8 1.2 0.2 0.2 1.0 0.8 0.6 0.1 0.1 32.7 23.0 7.8 3.4 2.3 4.4 6.1 2.1 1.0 0.6 13.9 2.5 69.1 14.1 Balloon * 0.3 * 0.4 Total 46.7 34.0 11.7 4.7 3.1 100.0 USED CARS ( P e r c e n t a g e d i s t r i b u t i o n of c o n t r a c t s ) Not s e a s o n a l l y a d j u s t e d Loan as per c e n t of wholesale value 907= or l e s s 917= to 1007= 1017= to 1107= 1117= t o 1207= Over 1207= Total Maturities Over 30 25-30 months months Balloon 18 months or l e s s 19-24 months 4.6 0.7 0.3 0.1 0.1 9.1 3.6 2.4 1.0 0.4 10.1 10.2 7.8 2.9 1.3 13.2 14.0 11.8 4.5 2.0 0.1 0:1 37.0 28.5 22.2 8.5 3.8 5.8 16.3 32.3 45.5 0.2 100.0 Note: D e t a i l s may n o t add t o t o t a l s because of r o u n d i n g . * Less than o n e - t e n t h of one per c e n t . Total
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