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FEDERAL RESERVE s t a t i s t i c a l v r e l e a s e For I" immediate . r e l e a s e J a n u a r y 1 6 , 1975 AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES THE PROPORTION OF NEW CAR CONTRACTS WITH 36-MONTH MATURITIES DECLINED SHARPLY AS THE PROPORTIONS OF BOTH LONGER AND SHORTER MATURITY CONTRACTS ROSE DURING NOVEMBER. 85 80 75 70 1971 1972 1973 1974 MATURITY DISTRIBUTIONS - NEW CAR CONTRACTS Over 36 Balloon 31-36 25-30 24 months months months • months P 7. 7. % % Seasonally adjusted November 1974 O c t o b e r 1974 S e p t e m b e r 1974 August 1974 11.6 10.2 11.0 11.1 1 .8 1 .8 2 .0 1 .9 72.5 75.1 76.5 77.2 14.4 13.2 10.5 9.0 , . o .2 • 0.2 100.0 100.0 . 0 .5 0 .2 100.0 100.0 14.0 12.0 14.5 2 .1 1 .9 2 .6 70.7 74.7 79.6 12 . 9 11 . 3 3 .2 0 .3 0 .2 0 .3 100.0 100.0 100.0 Unadjusted November 1974 O c t o b e r 1974 November 1 9 7 3 MATURITY DISTRIBUTION - USED CAR CONTRACTS Balloon 25-30 O v e r 30 19-24 18 months months months months P 7= 7= % "to % Total Seasonally adjusted November 1974 O c t o b e r 1974 S e p t e m b e r 1974 A u g u s t 1974 7 8 3 6 4.8 4.7 4.7 4.4 11. 12. 13. 13. 5.4 5.0 5.4 15. 8 15. 9 17. 5 27.6 29.3, 29.9 29.6 56. 54. 53. 51. 3 8 0 9 31.3 30.9 33.3 47. 4 48. 2 43. T 0. 0. 0. 0. 1 1 1 1 100.0 100.0 100.0 100.0 0. 1 0. 1 0. 1 100.0 100.0 100.0 Unadjusted November 1974 O c t o b e r 1974 November 1 9 7 3 Note: Details may n o t add t o t o t a l s b e c a u s e o f r o u n d i n g and c o n s t r u c t i o n o f f a c t o r s by s e c t o r . seasonal G.25 -2- AUT0M3BILE LOANS RY MAJOR FINANCE COMPANIES DOWNPAYMENT TEC IS TIGHTENED IN NOVEMBER AS THE PROPORTION OF CONTRACTS WITH DEALER COST RATIOS EXCEEDING , 1 0 0 PER CENT DROPPED BELOW 20 PER CENT FOR THE FIRST TIME IN FOUR YEARS. DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS Over 110 101-105 106-110 % % % % % 47.2 45 . 6 44.6 45.5 33.6 33.3 33.0 32.3 11.9 12.5 13.5 12.9 4.8 5.1 5.7 5.5 3.0 3.5 3.5 3.6 100.0 100.0 100.0 100.0 46.7 46.5 42.8 33.2 32.6 31.8 12.3 12.5 14.2 4.8 5.1 6.5 3.1 3.4 4.8 100.0 100.0 100.0 90 o r 91-100 Total Seasonally adjusted November 1974 O c t o b e r 1974 S e p t e m b e r 1'974 A u g u s t 1974 Unadjusted November 1974 O c t o b e r 1974 November 1 9 7 3 DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS ( l o a n a s per c e n t of w h o l e s a l e v a l u e ) 91-100 101-110 111-120 Over 120 Total 7o % % % 7o 90 o r Seasonally adjusted November 1974 October 1974 September 1974 A u g u s t 1974 33.6 32.6 31.4 31.1 28.4 28.5 28.2 27.3 24.3 24.5 25.6 25.3 9.1 10.0 10.1 11.0 4.3 4.8 4.8 5.2 100.0 100.0 100.0 100.0 35.1 33.5 31.2 29.1 28.7 26.2 23.4 24.1 24.4 8.6 9.4 11.7 3.9 4.4 6 .6 100.0 100.0 100.0 Unadjusted November 1 9 7 4 O c t o b e r 1974 November 1 9 7 3 Note: D e t a i l s may n o t add t o t o t a l s b e c a u s e o f r o u n d i n g and c o n s t r u c t i o n o f s e a s o n a l f a c t o r s by s e c t o r . G.25 -3- AUTOMOBILE LOANS AT MAJOR FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS NOVEMBER 1974 NEW CARS (Percentage 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 a s p e r c e n t of dealer cost 907o or l e s s 91% t o 1007= 1017= t o 1057= 1067= t o 1107= Over 1107= Total 24 m o n t h s . 25-30 months Maturities 31-36 Over 3 6 months months 8.6 3.6 1.5 0.2 0.1 1.0 0.6 0.4 0.1 0.1 33.1 23.4 8.2 3.7 2.4 4.0 5.4 2.1 0.9 0.5 14.0 2.1 70.7 12.9 Balloon * 0.2 0.1 * 0.3 Total 46.7 33.2 12.3 4.8 3.1 100.0 USED CARS (Percentage d i s t r i b u t i o n of contracts) Not s e a s o n a l l y a d j u s t e d Loan a s per c e n t o f wholesale value 907= or l e s s 917= t o 1007= 1017= t o 1107= 1117= t o 1207= Over 1207= Total 18 m o n t h s 19-24 months 4.2 0.6 0.3 0.1 0.1 8.4 4.0 5.4 Maturities 25-30 Over 3 0 months months 2.2 0.8 0.4 9.4 9.7 8.1 2.9 1.3 13.1 14.7 12.7 4.8 2.1 15.8 31.3 47.4 Note: D e t a i l s may n o t add t o t o t a l s b e c a u s e o f r o u n d i n g . * L e s s t h a n o n e - t e n t h o f one p e r c e n t . Balloon Total 0.1 0.1 35.1 29.1 * 23.4 8.6 3.9 , 0.1 100.0
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