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m ^ FEDERAL RESERVE statistical release ha*» I l/i AUTOMOBtEE^LO^NS BY MKTOR SALES FINANCE COMPANIES • (JP4^ • THE PROPORTION OF NEW CAR CONTRACTS WITH LONG MATURITIES (31-36 MONTHS) INCREASED IN NOVEMBER AFTER FALLING TO A 2-YEAR LOW IN OCTOBER. 1966 1967 1969 1968 MATURITYt DISTR:IBUTION - NEW CAR CONTRACTS 24 months 25-30 31-36 Over 36 Balloon Total or less months months months Seasonally adjusted November 1969 October 1969 September 1969 August 1969 % % , % % V No. of contracts reported (000) 14.1 16.2 13.4 12.6 2.8 82.3 2.6 80.1 2.2 - 83.3 2.2 83.9 0.4 0.5 0.4 0.4 0.6 0.5 ' 0.4 0.6 100.0 100.0 100.0 100.0 104 130 136 106 16.6 16.9 16.6 3.0 2.7 2.7 0.4 0.4 0.5 0.7 0.5 0.9 100.0 100.0 100.0 100 140 109 Unadjusted November 1969 October 1969 November 1968 79.3 79.5 79.3 MATURITY DISTRIBUTION- USED CAR CONTRACTS 18 months 19-24 25-30 Over 30 Balloon ° ^ Total months months months P % 7, % % ; Seasonally No. of contracts reported (000) adjusted November 1969 October 1969 September 1969 August 1969 9.4 10.0 5 .9 5 .9 18.1 17.7 17.2 16.9 28.4 28.2 31.4 30.7 42.9 43.2 47.3 47.7 0.3 0.2 0.3 0.2 100.0 100.0 100.0 100.0 38 45 42 37 10.0 10.4 6.8 18.1 18.6 17.9 25.5 25.0 27.4 46.2 45.8 47.5 0.3 0.2 0.4 100.0 100.0 100.0 37 43 38 Unadjusted November 1969 October 1969 November 1968 Note: Details may not add to totals factors by sector. because of rounding and construction o£ seasonal AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES THE PROPORTION OF NEW CAR CONTRACTS WITH DEALER COST RATIOS ABOVE 100% DECLINED FURTHER IN NOVEMBER AND WAS AT ITS LOWEST POINT SINCE DECEMBER 1966. 1966 Seasonally adjusted November 1969 October 1969 September 1969 August 1969 1967 1969 1968 DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS s per cent of dealer cost 90 or 91-100 101-105 106-110 Over 110 No. of contracts less Total reported (000) % % % Z % 45.1 43.7 45.8 44.3 32.0 33.0 30.4 31.6 13.5 14.3 13.0 13.2 5.5 5.5 6.1 6.4 3.9 3.9 • 4.8 4.7 100.0 100.0 100.0 100.0 96 122 126 99 46.0 44.4 44.4 30.8 31.8 30.9 13.6 14.1 14.5 5.6 5 .6 6.0 4.0 4.2 4.2 100.0 100.0 100.0 93 131 100 Unadjus ted November 1969 October 1969 November 1968 DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS (loan as per cent of wholesale value) 90 or 1 No. of contracts [91-100 101-110 111-120 Over 120 Total reported (00d) less 7= % 7o % % Seasonally adjusted November 1969 October 1969 September 1969 August 1969 26.5 27.2 27.7 27.3 25.8 24.8 25.3 24.9 25.9 25.3 24.8 25.6 12.7 13.1 13.4 13.3 8.5 8.7 9.0 9.1 100.0 100.0 100.0 100.0 33 37 36 33 29.6 29.6 27.2 26.9 26.1 24.6 25.0 24.9 25.1 11.6 11.9 13.5 6.9 7.4 9.6 100.0 100.0 100.0 31 35 32 Unadjusted November 1969 ^October 1969 November 1968 Note: Details may not add to totals factors by sector. because of rounding and construction of seasonal J G.25 -3AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS / NOVEMBER 1969 NEW CARS (Percentage distribution of contracts) Not seasonally adjusted Loan as per cent of dealer cost 90% or less 91% to 100% 101% to 105% 106% to 110% Over 110% Total 24 months 9.8 3.4 2.8 0.3 0.2 16.4 25-30 months 1 | Maturities 31-36 J months Over 36 months . Balloon 1.4 0.8 0.6 0.1 0.1 34.6 26.3 10.0 5.2 3.6 0.1 0.1 0.1 * * 3.0 79.7 0.4 0.6 0.1 0.2 0.2 0.1 Total 46.0 30.8 13.6 5.6 4.0 100.0 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 4.2 0.9 0.5 0.2" 0.2 6.0 19-24 months 7.0 3.7 2.6 1.0 0.8 .15.1 Maturities I 25-30 j months 6.7 7.8 7.1 3.3 2.0 26.8 Note: Details may not add to totals because of rounding. * Less than one-tenth of one per cent. Over 30 months 11.7 14.6 14.9 7.0 3 .9 52.0 Balloon * 0.1 * 0.2 Total 29.6 . 26.9 25 .0 11.6 6.9 100.0