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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
=
%
7
o
%
%
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