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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