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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
