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.•"of cow-.

FEDERAL

RESERVE

statistical

release
£ ; *^-for A u n k d i a t e

release

^February 6,,
AUTOmBlLE

~

^
L >

LOANS BY MAJOR SALES FINANCE COMPANIES -

T H E P R O P O R T I O N OF U S E D C A R C O N T R A C T S W I T H M A T U R I T I E S O V E R 30 M O N T H S W A S S H A R P L Y L O W E R IN T H E F O U R T H
QUARTER THAN

EARLIER

IN

1969.

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
3 1 - 3 6 j O v e r 36 B a l l o o n
i 24 m o n t h s 2 5 - 3 0
Total
m o n t h s jmonths |months
1 °
% /

%

7.

Seasonally adjusted
December

1969

N o v e m b e r 1969
O c t o b e r 1969
S e p t e m b e r 1969

j 82 .3
; 82 .3
| 8 0 .1
| 83

|
j
!

0.3
0.4
0.5

i

0.4

. 1
' 9 .0
3 .0 i 7 9 .3
| 79 .9
3 .0

|
i

0.4
0.4

j

i4.o
14 .1
16 .2

2 .8
2 .8
2 .6

j

13.4

2 .2

;
1

i ' %

reported

(000)

113
104
130

0.4

100 .0
100 .0
100 .0
100 .0

0.9
0.7
0.8

100.0
100.0
100.0

106
100
107

0.7
0.6
0.5

-

136

|

Unadjusted
December
November
December

1

N o . of c o n t r a c t s

V

1969
1969
1968

!
i

.7
i : .6
15

i

.9

|

0.4

M A T U R I T Y DISTFx ; P ' T T O N - U S E D CAR C O N T R A C T S
i18 m o n t h s | 19-24 : 25-30j O v e r 30 B a l l o o n
Total
months^ monthsj months

I

Seasonally adjusted
D e c e m b e r 1969
N o v e m b e r 1969
O c t o b e r 1969
S e p t e m b e r 1969

|

|

%

!
1

.4
•
.4
9.
10.
5.:?

: 18,
, 18.
j
17 .
1
17 .
.2

9

%

N o . of c o n t r a c t s
r e p o r t e d (000)

7
43
38
45
42

' 43.2
j 42.9
43.2
| 47.3^

0.2
0.3
0.2
0.3

100.0
100.0
100.0
100.0

,9
25 .

' 45 .0

0.3

100. 0

43

;25 .
,5
27. 5

} 46.2
46.7

0.3
0.5

100. 0
100. 0

37
40

28.5
28.4
28.2
; 31.4

I

-

Unadjusted
December

1969

i

10.2

; 18 .

November
December

1969
1968

:

10.0

i 18.• i
18 .

I

6,8

N te
Details
Digitized ofor: FRASER m a y not add to
f a c t o r s by s e c t o r .


!

5

1

totals 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 s e a s o n a l

AUTOMOBILE
THE

LOANS

BY M A J O R

P R O P O R T I O N OF

COST RATIOS OVER
RECENT MONTHS.

SALES F I N A N C E COMPANIES

USED CAR

CONTRACTS WITH DEALER

1107, HAS S H O W N L I T T L E C H A N G E

IN

- 35

- 25

1969

1968

1967

1966

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 - NEW 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 )
1 9 0 or 191- 100 1 0 1 - 1 0 5 1106-110 lover 110
N o . of c o n t r a c t s
!
less
r e p o r t e d (000)
Total
7
=
%

|7

S e a s o n a l l y a d j u s ted
December

1969
N o v e m b e r 1969
O c t o b e r 1969
S e p t e m b e r 1969

1

32 •° ;
32
33 .0
30 . 4

: 45.0
; 45.1
i 43.7
4 5 .8

i

I

!

|

1 3 .5
i

5 .4
5.5
5.5

3.9
3.9

6.1

13.5
14.3
13.0

4.8

100 .0
100.0
j 100 .0
j 100 .0

3.9

104
96
122
126

1

Unadjusted

j
December
November
December

1969
1969
1968

3 i. i
30

46.0
: 44.1

!

13.8
1 3 .6

5 .4
5 .b

4.0
4.0

100 .0
j 100 .0

98
93

i 1
.5

I i .9

6.2

4.3

| 100 .0

98

1

D I S T R I B U T I O N OF D D \ L E R C O S T R A T I O S - USED' CAR C O N T R A C T S
nt ol w h o l e s a l e v a l u e )
(lo,i
of c o n t r a c t s
91- 100 1 0 1 - 1 1 0 111-1:20;Over 1201
90 or
r e p o r t e d (000)
less
Total
!
• ' %
%
1
Seasonally adjusted
December
November

1969
1969
O c t o b e r 1969
S e p t e m b e r 1969

25 .9
25.3

13 .0
12 .7
13.1

8.4
8.5
8.7

i
: 100 .0
- 100 .0
| 100,.0

35
33
37

24.8

13.4

9.0

100,,0

36

'5

27.3
26.5
27.2

'5,0

11.9

7

100. 0
1
| 100. 0

35

25 .0

100. 0

34

.8
25 .
24. 8
:

25

;

•3

Unadjusted

1

December
November

1969
1969

29.6

2b .9

December

1968

; 25.6

: 23.A

No e:
D e t a i l s may
Digitized tforrFRASER r . not add to
f a c t o s by s e c t o


:

totals b e c a u s e

11.6
14 .3

1
oL

-9
6.9

i

,.0 j

l

31

r o u n d i n g a n d . c o n s t r u c t i o n of s e a s o n a l

G . 25

-3AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES
DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTALMENT LOANS
DECEMBER

1969

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

L o a n as
per c e n t of
d e a l e r cost

24 m o n t h s

Maturities
31-36
months

O v e r 36
months

Balloon

Total

1.4
0.9
0.8
0.1

34.3

0.1

0.2

45.2

26.7
10.1
5 .0

0.2
0.1

0.3
0.1

31.5
13.8

0.1

0.1

3.6

0.1

*

5.4
4.0

- 16.1

3.2

79,6

0.4

0.7

110%

Total

25-30
months

3.5
2.8
0.3
0.2

9.3

9 0 % or less
917= to 100%
1 0 1 % to 1 0 5 %
1 0 6 % to 1 1 0 %
Over

seasonally adjusted

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 seasonally adjusted

L o a n as
per cent of
wholesale value
9 0 % or

18 m o n t h s

4.2
0.9
0.5
0.2
0.3

less

9 1 % to 1 0 0 %
1 0 1 % to 110%
111%
Over

to 120%
120%

Note:

D e t a i l s m a y not

" Less

than o n e - t e n t h

7 .4
3.7
2.6
1.2
0.9

6.0

Total
add

19-24
months

15.7

Maturities
25-30
months
6.8
7.7
7 .3
3.4
2.2
.27.3

to t o t a l s b e c a u s e of r o u n d i n g .

of one




per

cent.

Over 30
months

Balloon

Total

11.2

*

29.5

13.4
14.6

0.1

25.7
25.0
11.9
7.9

7.1
4.6
50.8

*
0.2

100.0