Full text of G.25 Automobile Loans by Major Finance Companies : July 10, 1969

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FEDERAL
G.25 —

RESERVE

~t s t a t i s t i c a l

• • f*4L RfcSfc".-

f i l e

release

copy

For immediate release
July 1 5 , 1969

AUTOMOBILE LOANS BY MAJOR S K t g f f l M A N C E COMPANIES
C

o

L

n

V'< *
,

THE' PROPORTION OF NEW CAR CONTRACTS WITH 3-YEAR
HAS RISEN SLIGHTLY SINCE MARCH BUT IS
LITTLE CHANGED OVER-THE-YEAR.

-1 86
!
J

82

78
1966

T968

1967

1969

MATURIT DISTRIBUTION - NEW CAR CONTRACTS
24 months 25-30 31 -36 Over 36 Bal
No. of contracts
°r c
months
ths months
Total- reported (000)
P
7=
lo
Z

%

Seasonally adjusted
May 1969
April 1969
March 1969
February 1969

%

13 .3
13 .9
14 .3
13 .9

2.4
2.5
2.4
2 .4

83 .2
82 .5
82 .1
82 .6

0.4
0.5
0.4
0.4

0 .5
0 .7
0 .8
0 .8

100 .0
100 .0
100 .0
100 .0

12 .7
13 .6
12 .8

2.4
2.5
2.6

84 .0
82 -9
83..7

0.4
0.4
.0.4

0..51
0..7
0..5

100..0
100..0
100..0

117
123
112 •
119

Unadjus ted
May 1969
April 1969
May 1968

MATURITY DISTRIBUTION - USED CAR CONTRACTS
18 months I 19-24 25-30 Over 30 Balloon
(months months months
'paper
Total
%
%
%
%
%
1

- 126
125
132

No. of contracts
reported (000)

Seasonally adjusted
6.1
6.0
6.4
6.1

May 1969
April 1969
March 1969
February 1969

30.8
31.0
30.2
29 .7

47.4
. 46.9
46.5
46.2

32.2
31.7
35.3

46.5
48.0
41.6

0.3'
0.3
0.3
0.4

100.0
100.0
100.0
100.0

40
43
39
41

0.3
0.3 .
0.3

100.0
100.0
100.0

43
44
46

i

Unadjusted
May 1969
April 1969
May 1968 .

i
; 15.8
j 15 .4
116.1
j 16 .5

1

5.7
5.6
6.2

15 .3
14.5
16 .6

Digitized
FRASER
Note: for
Details
may not add to totals
factors by sector.


%

because of rounding and construction of seasonal

G.25

AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES
THE PROPORTION OF USED CAR CONTRACTS WITH DEALER
COST RATIOS OVER 110% HAS DROPPED SHARPLY THIS
SPRING AFTER PEAKING IN JANUARY.

1966

1967

1969

1968

DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS
(loan as per cent of dealer cost)
90 or ,91-100!101-105 j106-110 Over 110!
No. of contracts
I Total reported (030)
i
1
i
1
%
1
%
1
%
1
%
j
!
l

Seasonally adjusted
May 1969
April 1969
March 1969
February 1969

i

,

. 31 .8 !
32 .0
32 .1 ;
43.8
44.0 1 ^ .8 •

13 .7 !
13 .7 !
13 .8
13 .6
i

i

!

43.5

Unadjusted
May 1969
. April 1969
May 1968

32 . i
31 .8
31

43.5
1

45.1

13 .7
13 .6
13 •2

6.3
6.1
6.3
6

!

4

i

-1

4

6

•

•

2

4

|

1

.6
•3
3 .9

4

;

!

1

| 100 .0
| 100 .0
i 100 .0 1
100 .0 j

!

!

6.2
!

!

4.8

4 .3

|

: 100 .0 !
j 100 .0 j
100 .0 |

109
113
103
110

117
H5

DISTRIBUTION OF DEALER COST RATIOS -- USED CAR CONTRACTS
(loan as
cent of wholesale .va lue)
90 or ,91- 100, i o i - : 110 j111-120|Ovei- 120 |
jNo. of contracts
|reported (000)
!

i

Seasonally adjusted

:

%

%

%

},

'

1

May 1969
April 1969
March 1969
February 1969

;

28.0
.7 :
.0
26 .9
24.9 ' 23..9 ,
23 .4
22.•- :

:5 .3
13.2
25 .8
. ; 13-5
25 .
.3 | 14.6
24. 8 j 16.1

1

Unad jus ted

8 ,5

'

i 9. 2
I 11.6
1 13- 8

I 100.,0
l 100.,0
1 100. 0
! 100. 0

35
36
33
35

!

100. o
37
! 100. 0 ,
38
100. 0
39
i
Note: Details may not add to totals because ot rounding and construction of seasonal
factors by sector.
May 1969
April 1959
May 1968

.

25.6
25 1

1

24

"b




24 .9 :
0
23 .3

,

25 .8
14.3
°6
1 1 14.4
25 .9 | 15.1

!

:

9
- 5
10. 3
1 1

•1

G.25
AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES
DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTALMENT LOANS
MAY 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

|

Maturities"
31-36
months

Over 36
months

Balloon

1.3
0.7
0.4
0.1
0.1

34.1
29.0
11.7
5.9
4.2

0.1
0.1
0.1
0.1
0.1

0.1
0.2
0.1
0.1
0.1

43.5
32.1
13.7
6.2
4 .6

2.4

84.9

0.4

0.4

100.0

25-30

J months
7.9
2.1
1.5
0.2
0.2

i

11.8

Total

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

3.4
0.8
0.4
0.2
0.2
4.9

19-24
months

Maturities
25-30
months

Balloon
*

j
j
,

6.1
3.1
2.2
1.1
0.7

6.9
8.6
9.1
4-8
3.1

9.2
12.4
14.1
8.2
5.5

0.1

|

13.2

32.5

49.3

0.2

Note: Details may not add to totals because of rounding.
* Less than one-tenth of one per cent.




Over 30
months

0.1

Total
25 .6
24.9
25 .8
14.3
9.5
100.0

t