The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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
