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FEDERAL
statistical

/,

y

i

RESERVE

release

a

's~

For immediate release
Jul
y 1 1 ' 1967

G. 25

/2

AUT0M3BILE LOANS BY MAJOR SALES FINANCE COMPANIES
THE PROPORTION OF USED CAR CONTRACTS LONGER THAN
2 YEARS MATURITY HAS REMAINED RELATIVELY STABLE FOR
THE PAST YEAR.

Seasonally adjusted
May 1967
April 1967
March 1967
February 1967

MATURITY DISTRIBUTION - NEW CAR CONTRACTS
24 months 25-30 31-36 Over 36 Balloon
Total
months months months
7
=
7
=
70
%
7.
13.8
13.8
13.2
13.6

2.8
2.9
2.9
2.9

82.3
82.2
82.8
82.5

0.5
0.5
0.4
0.4

• 0.6
0.6
0.7
0.6

13.2
13.6
14.8

2.8
2.9
3.1

83.0
82.5
80.9

0.4
0.4
0.5

0.6
0.6
0.7

No. of contracts
reported (000)

100.0
100.0
100.0
100.0

117
100
112
103

100.Q
100.0
; 100.0

122
108
138

-

Unadjusted
May 1967
April 1967
May 1966

MATURITY DISTRIBUTION - USED CAR CONTRACTS
18 months 19-24 25-30 Over 30 Balloon
Total
months months months
P
7
=
%
%
7
o
%

No. of contracts
reported (000)

Seasonally adjusted
May 1967
April 1967
March 1967
February 1967

8.6
8.5
8.7
8.3

20.7
20.4
20.9
20.5

34.5
34.5
34.4
34:5

35.8
36.1
35.6
36.3

0.4
0.5
0.4
0.4

100.0
100.0
100.0
100 .0

46
40
46
45

7.6
7.6
7.7

19.7
18.9
19.8

35.7
35:0

36.7
38.1

0.3
0.4

100.0
100.0

48
43

33.0

39.0

0.5

100.0

48

Unadjusted
May 1967
April 1967
May 1966

Note: FRASER
Digitized for Monthly data available on


request for;years 1960-66.

AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES
USED CAR CONTRACTS IN EXCESS OF 120% DEALER COST
RATIO DECLINED FROM THE HIGH PROPORTION OF THE
FIRST QUARTER.

1966

1965

Seasonally adjusted
May 1967
April 1967
March 1967
February 1967

1967

DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS
(loan as per cent of dealer cost)
No. of contracts
! 90 or 91-100 101- 105 106-110 Over 110
Total reported (000)
1
%
7o
%
1

I 44
-

I

.7
44 .2
43 .5
44 .1

31.7
32.1
32.2
32.3

12.9
12.5
13.0
12.8 -

6.0
6.3
6.4
6.3

4.7
4.9
4.9
4.5

100.0
100.0
100.0
100.0

106
92
101
93

44 .6
44 .8
42 .2

32.0
31.7
31 .9

12 .9
12 .5
13 .4

6.0
6.3
6.9

4.5
4.7
5.6

100 .0
100 .0
100 .0

111
99
124

Unadjusted
May 1967
April 196 7
—May 1966

1
j

DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS
(loan as per cent of wholesale value)
No. of contracts
L10 111-120 Over 120
j 90 or 91-100 101-:
Total reported (000)
| less
!

%

%

%

%

%

Seasonally adjusted
May 1967
April 1967
March 1967
February 1967

:
|
|
!

23 .9
23 .0
22,
.3
22 .5

22.7
22.3
21.6
21.6^

24 .7
24 .1
24 .2
24 .3

15.0
15 .8
16.0
16.2

13.7
14.8
15.9
15.4

.0
100.
.0
100.
.0
100.
.0
100,

39
36
37
38

j

22.
.5
22.
.2
22.
,1

22.2
21.6
22.2

25 .0
24,
.5
23 .8

15.8
16.4
16.5

14.5
15.3
15.4

,0
100.
,0
100.
,0
100.

40
37
39.

Unadjusted
May 1967
April 1967
May 1966




-t-zH

G.25

-3AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES
DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTALMENT LOANS
MAY 1967
NEW CARS
(Percentage distribution of contracts)
Not seasonally adjusted

Loan as
per cent of
dealer cost
907= or less
91% to.100%
101% to 105%
106% to 110%
Over 110%
Total

24 months
or less

25-30
months

Maturities
31-36 Over 36
months months

Balloon
paper

9.5
1.8
0.6
0.2
_0^2

1.6
0.7
0.4
0.1
0.1

33.3
29.1
11.8
5.7
4.2

0.1
0.2
0.1
0.1

0.1
0.2
0.1

12.3

2.8

84.0

0.5

0.4

*

Total
44.6
32.0
12.9
6.0
4.5
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
25-30 Over 30
months months

Balloon

18 months

19-24
months

4.0
1.0
0.7
0.4
0.6

6.4
4.0
3.5
2.0
• 2.0

6.3
8.6
10.0
6.3
5.4

5.8
8.6
10.8
7.1
6.5

0.1

6.7

17.9

36.5

38.7

0.2

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




*

0.1

22.5
22.2
26 .0
15 .8
14.5
100.0