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FEDERAL statistical RESERVE release "A 7A- For immediate release January 20, 1967. AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES MARGINAL NEW CAR CONTRACTS* HAVE DECLINED TO THEIR LOWEST PROPORTION IN THE PAST 3 YEARS 1964 1965 1966 MATURITY DISTRIBUTION - NEW CAR CONTRACTS 24 months 25-30 31-36 Over 36 Balloon Total months months months 7= 7. : P % % 7, No. of contracts reported (000) Seasonally adjusted November 1966 October 1966 September 1966 August 1966 I 15.1 15.4 15 J 7 15.7 3.2 3.2 3.1 3.2 80.9 80.4 80.2 80.0 0.4 0.4 0.5 . 0.5 0.4 0.6 , 0.5 0.6 100.0 • 100.0 100.0 100.0 124 131 134 147 17.0 15.7 17.3 3.3 3.2 3.5 78.7 80.1 77.8 0.5 0.4 0.6 0.5 0.6 0.8 100.0 100.0 100.0 117 140 136 Unadjusted November 1966 Month ago Year ago .- MATURITY DISTRIBUTION - USED CAR CONTRACTS 18 months 19-24 25-30 Over 30 Balloon Total paper months months months 7, % % % 7, - No. of contracts reported (000) Seasonally adjusted November 1966 October 1966 September 1966 August 1966 , '• 6.9 8.0 8.9 8.8 16.0 19.7 21.9 21.0 31.1 29.1 31.3 31.8 45.8 42.9 37.6 38.0 0.2 0.3 0.3 0.4 100.0 100.0 100.0 100.0 38 38 49 51 7.9 8.8 8.0 17.5 21.7 18.7 . 30.0 27.6 28.0 44.3 41.5 44.7 0.3 0.4 0.6 . 100.0 100.0 100.0 38 40 44 Unadjusted November 1966 Month ago Year ago Note: Monthly data available on request for years 1960-65. •Includes those over 36 months and balloon paper. I : AUTOMOBILE LOANS BY. MAJOR SALES FINANCE COMPANIES USED CAR CONTRACTS WITH DEALER COST RATIOS OF 100% OR LESS HAVE RISEN SINCE MIDYEAR TO JUST BELOW 50% OF ALL USED CAR CONTRACTS 1964 1965 DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS (loan as per cent of dealer cost) 90 or 91-100 101-105 106-110 Over 110 No. of contracts Total reported (000) Seasonally adjusted November 1966 October 1966 September 1966 August 1966 % % % % 45.3 45.0 44.4 .43.5 32.2 31.5 31.9 31.5 12.5 12.7 12.4 13.1 5.8 6.1 6.3 6.7 45.4 31.2 45.5 44.4 30.6 29.0 12.5 12.4 12.8 6.2 6.3 7.3 Unadjusted November 1966 Month ago Year ago % 4.2 4.7 5.0 • 5.2 100.0 100.0 100.0 100.0 136 119 120 132 4.7 5.2 6.5 100.0 100.0 100.0 117 127 124 V DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS 'loan as per cent of wholesale value) No. of contracts 90 or 91-100 101-110 111-120 Over 120 Total reported (000) Seasonally adjusted November 1966 October 1966 September 1966 August 1966 % % , % %^ % 24.8 25.3 24.2 23.3 24.2 23.1 22.2 21.9 23.9 >24.1 24.3 23.5 14.9 14.7 15.3 16.2 12.2 12.8 14.0 15.1 26.5 26.6 24.6 23.8 23.9 23.2 23.7 23.6 14.1 13.8 13.8 11.6 12.1 12.2 100.0 100.0 100.0 100.0 38 33 39 41 100.0 100.0 100.0 38 32 35 Unadjusted November 1966 Month ago Year 26.5 Digitized forago FRASER - AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES DEALER COST -RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS NOVEMBER 1966 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 Maturities 24 months or less 25-30 months 31-36 Over 36 months months 12.4 2.9 1.0 0.3 0.3 2.0 0.9 0.3 0.1 0.1 30.7 27.0 11.1 5.7 4.3 0.2 0.2 0.1 0.1 17.0 3.3 78.7 0,5 . Balloon paper > 0.2 0.1 0.5 Total 45.4 31.2 12.5 6.2 4.7 100.0 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 Maturities 18 months or less 4.9 1.2 0.7 0.5 M 7.9 19-24 months 6 .6 3.8 3.0 2.1 2.0 17.5 Over 30 Balloon months paper Total 6.4 7.7 7.5 4.6 3.8 8.5 11.7 11.9 7.0 5.1 0.1 26.5 24.6 23.2 14.1 11.6 30.0 44.3 0.3 25-30 months Note: Details may not add to totals because, of rounding. *Less than one-tenth of one per cent. 0.1 0.1 0.1 - .100.0
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