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'FEDERAL ' RESERVE statrstico COMPANIES AUTOMOBILE LOANS BY MAJOR SALES F. THE PROPORTION OF NEW CAR CONTRACTS OF 24 MONTHS OR LESS HAS EDGED DOWN IN RECENT MONTHS 1964 Seasonally adjusted December 1966 November 1966r October 1966 September 1966 Year 1966 1965 1966 MATURITY DISTRIBUTION - NEW CAR CONTRACTS 24 months 25-30 31-36 Over 36 Balloon Total months months months P % % % % I 14.4 15.2 15.4 15.7 3.1 3.2 3.2 3.1 80.8 80.6 80.4 80.2 0.6 0.4 0.4 0.5 15 .1 3.2 80.6 17.3 17.1 17.4 3.4 3.3 .3-6 77.9 78.4 77.6 No i of contracts reported (000) 0.8 0.6 . 0.6 0.5 100.0 100.0 100.0 100.0 124 135 131 134 ' 0.5 0.6 100.0 1611 0.6 0.5 0.6 0.8 0.7 0.8 100.0 100.0 100.0 116 127 130 Unadjusted December 1966 Month ago r Year ago MATURITY DISTRIBUTION - USED CAR CONTRACTS 18 months 19-24 25-30 Over 30 Balloon Total paper or % e s s months months months 70 7. 7, No. of contracts reported (000) Seasonally adjusted December 1966 November 1966 r October 1966 September 1966 Year 1966 1.1 7.8 8.0 8.9 18.8 18.5 19.7 ' 21.9 30.5 30.8 29.1 31.3 42.7 42.5 42.9 37.6 0.3 0.4 0.3 0.3 100.0 100.0 100.0 100.0 44 47 38 49 8.2 20.3 31.8 39.3 0.4 100.0 556 9.3 9.0 8.3 21.0 20.1 19.1 30.2 . 39.1 29.5 40.9 29.0 43.1 0.4 0.5 0.5 100.0 100.0 100.0 Unadjusted December 1966 Month ago r Year ago* Note: J Monthly data available on request for years 1960-65. ' r - Revised. 46 46 47 • G.25 -2 AUTOMOBILE LOANS BY MAJOR SALES FINANCE C O M P A N I E # 'NEW CAR CONTRACTS WITH DEALER COST RATIOS* OF OVER 100% DECLINED FURTHER DURING THE FOURTH QUARTER OF 1966 Per cent 30 28 26 24 1965 1966 DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS (loan as per cent of dealer cost) No. of contracts 90 or 91-100 101-105 106-110 Over 110 Total reported (000) % % Seasonally adjusted December 1966 November 1966 October 1966 September 1966 •Year 1966 % % % 44,4 45 .3 45.0 44.4 32.9 32.2 31.5 31.9 12.2 12.5 12.7 12.4 6.0 5.8 6.1 6.3 4.5 4.2 4.7 5.0 100.0 100.0 100.0 100.0 113 136 119 120 43.4 31.7 13.0 6.6 5.3 -100.0 1460 45.0 45.4 43.5 31.8 31.2 29.6 12.2 12.5 13.2 6.2 6.2 7.3 4.8 4.7 6.4 100.0 100.0 100.0 107 117 119 Unadjusted December 1966 Month ago Year ago DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS (loan as per cent of wholesale value) No. of contracts 90 or 91-100 101-110 111-120 Over 120 Total reported (000) less i % % % %Seasonally adjusted December 1966 November 1966 October 1966 September 1966 Year 1966 24 .6 24 .8 25 .3 24 .2 23.1 24.2 23.1 22.2 24.5 23.9 24.1 24.3 14 .9 14 .9 14 .7 15 .3 12 .9 12 .2 12 .8 .0 14. 100.0 100.0 100.0 100.0 37 38 33 39 23 .7 22.9 23.9 15 .4 14. .1 100.0 457 25 .8 26 .5 25 .5 23.1 24.6 23.7 23.6 23.2 23.5 14,.1 14. .1 14. .1 13..4 11.,6 13.,2 100.0 100.0 100.0 38 38 39 Unadjusted December 1966 Month ago Year ago *The value of the loan (excluding finance and insurance charges) as a percentage to the dealer. of the car's cost ' G.25 AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS DECEMBER 1966 NEW CARS (Percentage distribution of contracts) Not seasonally adjusted Maturities Loan as per cent of dealer cost 90% or less 91% to 100% 101% to 105% 1067, to 110% Over 110% Total 24 months or less 12.4 3.2 0.9 0.3 . - M 17.1 25-30 months 31-36 Over 36 months months Balloon paper 2.0 1.0 0.3 . 0.1 0.1 30.3 27.2 10.8 5.7 4.3 0.2 0.2 0.1 0.1 0.1 0.1 0.3 0.1 * 3.5 78.3 0.6 0.5 Total * 45.0 31.8 12.2 6.2 - M 100.0 USED CARS (Percentage distribution of contracts) Not seasonally adjusted Loan as per cent of wholesale value 90% or lesp 91% to 100% 101% to 110% 1117= to 1207= Over 120% Total Maturities 18 months 19-24 months 25-30 months Over 30 months Balloon Total 5.1 1.2 0.8 0.5 0J 6.6 3.9 3.5 2.1 2.4 6.6 7.6 7.8 4.7 4.2 7.5 10.3 11.5 6.8 _6^ 0.1 25.8 23.1 23.6 14.1 13.4 8.3 18.4 31.0 42.0 0.3 100.0 • Note: Details may not add to totals because of rounding. *Less than one-tenth of one per cent. 0.1 0.1