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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 NEW CAR CONTRACTS WITH 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 - NEW CAR CONTRACTS 25-30 31-36 Over 36 24 months Balloon or l e s s months months months paper % 7, 7o % % 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 • 0.1 0.1 0.1 0.1 5 .4 5 .2 5.6 17.5 16.2 16 .6 33.3 32.9 34.1 43.7 45.7 43.6 0.1 0.1 0.2 Total 100.0 100.0 100.0 100.0 Unadjusted November 1973 October 1973 November 1972 Digitized FRASER Note:for D e t a i l s may n o t add t o t o t a l s 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 LOW 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 - NEW CAR CONTRACTS ( 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 7o 7» % % % Seasonally adjusted November 1973 October 1973 September 1973 August 1973 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 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 r s Ly s e c t o r . Digitizedfact for rFRASER G.25 -3AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS NOVEMBER 1973 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 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
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