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FEDERAL
For

immediate release
F e b r u a r y 12, 1971

A U T O M O B I L E L O A N S BY MAJOR F I N A N C E COMPANIES
D U R I N G D E C E M B E R , T H E P E R C E N T A G E OF N E W CAR
CONTRACTS WITH 31-36 MONTH MATURITIES DROPPED
BELOW NOVEMBER'S RECORD LEVEL.

i

i

1967

i'

1968

~l 7 8

1969

1970

M A T U R I T Y D I S T R I B U T I O N - N E W CAR C O N T R A C T S
31-36
Balloon
24 m o n t h s
25-30
O v e r 36
months
months
months
P
7
=
%
%
%
%

Total

Seasonally adjusted
December
November

1970
1970

O c t o b e r 1970
S e p t e m b e r 1970

11.4
10.2
11.5
12.9

2.4
2.3
2.3
2.6

87.7
85.7
83.8

86.1

2.7
2.5
3.1

82.7
84.3
79.0

0.7

0.2
0.2
0.2
0.3

0.7
0.5
0.3

100.0
100.0
100.0
100.0

0.8
0.8
0.9

100.0

Unadjusted

November

1970

13.6
12.1

December

1969

16.7

December

1970

0.2
0.2
0.4

M A T U R I T Y D I S T R I B U T I O N - U S E D CAR C O N T R A C T S
18 m o n t h s
19-24
25-30
O v e r 30
Balloon
months
months
months

%

%

%

% .

P

100.0
100.0

Total

%

Seasonally adjusted
D e c e m b e r 1970
N o v e m b e r 1970
O c t o b e r 1970

5 .8
6.0
5.9

15 .9
15 .4
, 15.5

30:5
30.4
'29.8

47.8
47.6
48.4

0.1
0.1
0.1

100.0
.100.0
100.0

September

5.8

15.8

31.8

48.5

0.1

100.0

1970

Unadjusted
December

1970

6.3

16.3

27.5

49.8

0.2

100.0

November
December

1970
1969

6 .4
6.8

15.8
17.5

26.8
27 .6

51.0
47.9

0.1
0.3

100.0
100.0

Digitized :forD e t a i l s m a y not add to t o t a l s
FRASER
Note
s e a s o n a l f a c t o r s by s e
http://fraser.stlouisfed.org/c t o r .
Federal Reserve Bank of St. Louis

because

of r o u n d i n g and

c o n s t r u c t i o n of

- "3

AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES
T H E P E R C E N T A G E OF U S E D C A R L O A N S W I T H H I G H
D O W N P A Y M S N T S R O S E IN D E C E M B E R A F T E R T W O M O N T H S
Of S H A R P D E C L I N E .

1967

1968

1969

1970

D I S T R I B U T I O N OF D E A L E R C O S T R A T I O S - N E W C A R C O N T R A C T S
(loan as per cent of d e a l e r c o s t )
90 or
91-100
101-105
106-110
O v e r 110
less
Total

%

7
c
Seasonally

adjusted

December

1970

7
=

%

7
o

5.7
5.8

;

4.0
4.0

November 1970
October 1970

46.0
45.7

32.2
32.7

48.0

32.2

12.1
11.9
11.5

5.4

3.4

100.0

September

48.1

31.0

11.9

5.3

3.4

100.0

1970

100.0
100.0

Unadjusted
December
November
December

46.0

31 .7

12.6

5.7

4.1

100.0

46.4
45 .2

1970
1970
1969

31 .7
31.5

12.2
13 .8

5.8
5.4

3.9
4.0

100.0
100.0

D I S T R I B U T I O N OF D E A L E R C O S T R A T I O S - U S E D CAR C O N T R A C T S
(loan as per cent of w h o l e s a l e v a l u e )
90 or
91-100
101-110
111-120
O v e r 120
less
Total
7
=
7.
%
7,
%
Seasonally
December

adjusted
32.8
31 .4
31 .9

27 .7
26.5

23 .1
24.1

34 .4

27 .5
28.3

23.4
23.1

35.1
34.5

28.4
27 .9

22.6

29.5

25.7

1970
!

N o v e m b e r 1970
O c t o b e r 1970
S e p t e m b e r 1970

10.3
10.7
10.5
9.7

4.8
5.6
5.3
5.2

100.0
100.0
100.0
100.0

Unadjusted
December
November
December
Note:

1970
1970
1969

Details may

not add

to



seasonal

factors

by

sector.

totals because

23.4
25 .0

9.5
9.6
11.9

of r o u n d i n g and

4.5
4.5
7 .9
c o n s t r u c t i o n of

100.0
100.0
100.0

|

G.25
AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES
DEALER COST RATIOS AND MATURITIES
ON A U T O M O B I L E INSTALMENT LOANS
DECEMBER

1970

NEW CARS
(Percentage distribution of^contracts)
Not s e a s o n a l l y a d j u s t e d

Maturities

L o a n as
per cent of
d e a l e r cost
9 0 % or less
917, to 1007=
1017= to 1057=
1067= to 1107=
Over

24 m o n t h s

25-30
months

31-36
months

O v e r 36
months

Balloon

9 .4
2.4
1.3
0.2
0.3

1.5
0.7
0.4
0.1
0.1

34.9
28.0

0.1
0.1

0.1
0.5
0.1
0.1

2.7

82.7

x

1107=

13.6

Total

10.8
5.4
3.7

.

Total

46.0
31.7
12.6
5.7

*

0.1

4.1

0.2

0.8

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 ;

L o a n as
per cent o f

18 m o n t h s

wholesale value

Maturities
25-301,
months

Over

30

Balloon

months

4 .6

8.9

8.9

12.7

0.1

1.0
0.4
0.2

907= or less
917= to 1007=
1017= to 1107=
1117= to 1207=
O v e r 1207=
Total

19-24
months

4.1
2.1
0.8

8.9

14.4

6.2
2.5

13 .9
6.1
2.8

0.1
*
*

0.2
^

0.4

1.1

6.3

16.3

27.5

Note:
D e t a i l s m a y not add to totals b e c a u s e
* L e s s than o n e - t e n t h of one per c e n t .




of r o u n d i n g .

49.8

*
0.2

Total
-35 . t
28.4
22.6
9.5
4.5
100.0