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FEDERAL S S 3 & statistical R.E S E R V E release For immediate release1 February 20, 1969 MOBILE LOANS BY MAJOR SALES FINANCE COMPANIES TjE PROPORTION OF NEW CAR CONTRACTS WITH 1-36 MONTH MATURITIES ROSE IN DECEMBER. io'3n5 OOY\6>ll m eJt, CLUID -tvtJuui. 1968 MATURITY DISTRIBUTION - NEW CAR CONTRACTS 24 months 25-30 31-36 Over 36 Balloon Total months months months Seasonally adjusted December 1968 November 1968 October 1968 September 1968 % % % % P P % No. of contracts reported (000) , 13.5 ,> 14.5 14.8 11.7 2.8 2.6 2.6 2.1 82.7 81.6 81.2 85.0 0.3 0.5 0.5 0.4 0.7 0.8 0.9 1 0.8 100.0 100.0 100.0 100.0 115 109 134 115 15.9 16 .6 17.0 3.0 2.7 2.9 79.9 79.3 78.8 0.4 0.5 0.5 0.8 0.9 0.8 100.0 100.0 100.0 107 109 r 88 Unadjusted December 1968 November 1968 December 1967 Seasonally adjusted December 1968. November 1968 October 1968 September 1968 MATURITY DISTRIBUTION - USED CAR CONTRACTS 18 months 19-24 25-30 Over 30 Balloon Total months months months P P y0 7= % % % No. of contracts reported (000) 6.1 6.4 6 .4 6.1 18.3 18.1 17.8 17.1 30.1 30.7 32.0 34.2 45.1 44.5 43.5 42.1 0.4 0.3 0.3 0.5 100.0 100.0 100.0 100.0 41 39 40 41 6 .8 6.8 7.5 18.5 17.9 18.0 27.5 27.4 30.7 46.7 47.5 43.3 0.5 0.4 0.5 100.0 100.0 100.0 40 38 36 Unadjusted December 1968 November 1968 December 1967 i G. 25 -2- AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES THE PROPORTION OF USED CAR LOANS WITH LOW DOWNPAYMENTS (D.C.R. OVER 1207=) REACHED HIGHEST LEVEL SINCE MAY 1967. 1966 1967 1968 DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS (loan as per cent of dealer cost) 90 or 91-100 101-105 106-110 Over 110 No. of contracts Total reported (000) % Seasona-lly adjusted December 1968 November 1968 October 1968 September 1968 % % % % ,43.3 43.4 43.4 44.1 32.6 32.3 32.3 31.8 13.8 14.6 13 .7 13.1 6.1 5.8 6.3 6.3 4.2 3.9 4.3 4.7 100.0 100.0 100.0 100.0 104 100 124 106 44.1 44.4 43.6 31.5 30.9 31.1 13.9 14.5 14.3 6.2 6.0 6.3 4.3 4.2 4.7 100.0 100.0 100.0 98 100 81 Unadjusted December 1968 November 1968 December 1967 Seasonally adjusted December 1968 November 1968 October 1968 September 1968 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 x (000) 7o % % % % 24.0 24.7 25 .3 24.8 22.9 24.0 23.2 23.4 25.2 26.1 25.0 25.0 15 .5 14.4 14.9 15,1 12.4 10.8 11.6 11.7 100.0 100.0 100.0 100.0 25.6 27.2 30.6 23.4 24.6 26.5 24 .7 25 .1 24.5 14.3 13 .5 11.5 12.0 9.6 6.9 100.0 100.0 100.0 . 35 33 34 35 Unadjusted December 1968 November 1968 December 1967 34 32 29 G.25 AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS DECEMBER 1968 NEW CARS (Percentage distribution of contracts) Not seasonally adjusted Loan as per cent of dealer cost 24 months 90% or less 91% to 100% 101% to 105% 106% to 110% Over 110% Total 25-30 months Maturities 31-36 months Over 36 months Balloon 44.1 31.5 13.9 6.2 4.3 100.0 9.7 3.3 2.1 0.3 0.2 1.4 0.8 0.8 0.1 0.1 32.8 27.0 10.9 5.6 3.9 0.1 0.1 0.1 * 0.1 0.3 0.1 0.1 0.1 15 .7 3.0 80.3 0.4 0.6 Total USED CARS (Percentage distribution of contracts) Not seasonally adjusted Loan as per cent of wholesale value 90% or less 91% to 100% 101% to 110% 111% to 120% Over 120% Total 18 months | j J 3.7 0.9 0.6 0.3 0.3 j 5.7 19-24 months 6.3 3 .4 2.7 1.7 1.6 15.7 'Maturities 25-30 months 5 .8 6.7 7.5 4 .2 3.3 27.5 Note: Details may not add to totals because of rounding. "Less than one-tenth of one per cent. Over 30 months Balloon 9.7 12.3 13.9 8.1 6.7 0.1 0.1' 0.1 0.1 0.2 50.6 0.5 Total 25.6 23,4 24.7 14.3 12.0 100.0
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