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9li2&fV.

FEDERAL

RESERVE

s t a t i s t i c a l

r e l e a s e
For immediate r e l e a s e
J a n u a r y 14, 1974

AUT0M3BILE LOANS BY MUOR FINANCE COMPANIES
THE PROPORTION OF N W CAR CONTRACTS WITH
E
MATURITIES EXCEEDING 36 MONTHS DECLINED IN
NOVEMBER AFTER REACHING NEARLY 4 PER CENT IN
OCTOBER.

1970

Seasonally adjusted
November 1973
October 1973
September 1973
August 1973

1971

1972

1973

MATURITY DISTRIBUTION - N W CAR CONTRACTS
E
25-30
31-36
Over 36
24 months
Balloon
or l e s s
months
months
months
paper
%
7,
7
o
%
%

Total

12.4
11.5
11.3
11.2

2.4
2.2
1.9
2.2

82.2
83.4
82.8
82.4

3.6
3.8
3.4
3.3

0.2
0.2
0.1
0.3

100.0
100.0
100.0
100.0

- 14.5
13.3
14.3

2.6
2.3
3.3

79.6
81.1
80.8

3.2
3.1
1.3

0.3
0.2
0.4

100.0
100.0
100.0

Unadjusted
November 1973
October 1973
November 1972

Seasonally adjusted
November 1973
October 1973
September 1973
August 1973

MATURITY DISTRIBUTION - USED CAR CONTRACTS
Balloon
Over 30
18 months
19-24
25-30
paper
months
months
months
7
=
7
=
%
%
%
4.9
4.9
4.7
4.8

16.4
15.2
12.5
12.8

36.6
37.4
29.4
28.8

42.1
43.4
55.6
54.8 •

17.5
16.2
16 .6

33.3
32.9
34.1

43.7
45.7
43.6

0.1
0.1
0.2

100.0
100.0
100.0
100.0

0.1
0.1
0.1
0.1

5 .4
5 .2
5.6

Total

Unadjusted
November 1973
October 1973
November 1972

Digitized for D e t a i l s may n o t add t o t o t a l s
Note: FRASER
f a c t o r s by s e c t o r .


'

100.0
100.0
100.0

because of rounding and c o n s t r u c t i o n of s e a s o n a l

G.25

-2-

AUT0M3BILE LOANS BY MAJOR FINANCE COMPANIES
THE PROPORTION OF NEW CAR CONTRACTS WITH L W
O
DOWNPAYMENTS (DEALER COST RATIOS OVER 100 7=)
ROSE SHARPLY IN NOVEMBER, RETURNING TO THE
JULY LEVEL.

1973

1972

1971

1970

DISTRIBUTION OF DEALER COST RATIOS - N W CAR CONTRACTS
E
( l o a n as per c e n t of d e a l e r c o s t )
Over 110
106-110
101-105
91-100
90 or
Total
7
o
7
»
%
%
%
Seasonally adjusted
43.1
43 .8
45 .5
44.0

32.4
32.4
31.6
31.8

14.0
13 .4
12.9
14.0

6.4
6.0
6.0
6.3

4.6
4.3
4.1
4.6

100.0
100.0
100.0
100.0

42.8
44.6
43.1

November 1973
October 1973
September 1973
August 1973

31.8
31.6
31.1

14 .2
13 .4
14 .6

6.5
6.1
6 .5

4.8
4.4
4.9

100.0
100.0
100.0

Unadjusted
November 1973
October 1973
November 1972

DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS
( l o a n as per c e n t of w h o l e s a l e v a l u e )
Over 120
111-120
101-110
91-100
90 or
Total
7
=
7
=
7,
• %
%
Seasonally adjusted
November 1973
October 1973
September 1973
August 1973
Unadjusted

1
|

25 .3
26.2
26.9
27.9

25 .1
25.4
25.4
24.5

12.6
12.5
11.5
10.8

7.6
7 .0
5 .8
5.5

100.0
100.0
100.0
100.0

31.2
30.6
31.2

26.2
26.8
27.0

24 .4
24 .9
24 .2

11.7
11.6
11.5

6 .6
6.1
6.1

100.0
100.0
100.0

j

November 1973
October 1973
November 1972
Note

29.7
29.3
30.6
31.3

D e t a i l s may not add t o t o t a l s because 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

Digitizedfact rFRASER t o r .
for r s Ly s e c


G.25

-3AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES
DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTALMENT LOANS
NOVEMBER 1973
N W CARS
E
( 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

Loan as
per c e n t of
dealer cost
90% or l e s s
91% t o 100%
101% to 105%
106% to 110%
Over 110%
Total

Maturities
31-36
months

24 months

25-30
months

8.73 .5
2 .0
0.2
0.2

1.0
0.8
0.6
0.2
0.1

32.3
26.3
11.0
5.7
4.3

0.8
1.1
0.6
0.4
0.3

0.1
0.1
0.1

2.6

79.6

3.2

0.3

14.5

Over 36
months

Balloon
*

*

Total
42.8
31.8
14.2
6.5
4.8
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
Loan as
per c e n t of
wholesale value
90% or l e s s *
91% to 100%
101% to 110%
111% t o 120%
Over 120%
Total

18 months

19-24
months

Maturities
25-30
months

Over 30
months

4.2
0.6
0.4
0.1
0.1

8.5
4.0
3.0
1.3
0.7

8.5
9.7
8.8
4.1
2.2

9.9
11.9
12.2
6.1
3.6

5.4

17.5

33.3

43.7

Note: D e t a i l s may not add t o t o t a l s because of r o u n d i n g .
* Less than o n e - t e n t h of one per c e n t .




Balloon
„

*

0.1

*

0.1

Total
31.2
26.2
24.4
11.7
6 .6
100.0