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Loafifl; CmJrtur\*r - ^zMtr^+d" ^ ..•'ofcowV. f e d e r ^ ' R W E R V statistical release ' • f<A! For immediate release July 13, 1970 AUTOMDEXLE^LOANS BY MAJOR SALES FINANCE COMPANIES THE "PERCENTAGE OF NEW CAR CONTRACTS WITH 31-36 M3NTH MATURITIES DECLINED SLIGHTLY DURING MAY. 78 1970 1969 1968 1967 MATURIT Y DISTR IBUTION - NEW CAR CONTRACTS 24 months 25-30 31-36 Over 36 Balloon Total months months months % % Seasonally adjusted May 1970 April 1970 March 1970 February 1970 % % % 14.0 13.8 14.5 14.6 2.7 2.5 2.6 2.6 82.7 83.2 82.5 82.0 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.5 100.0 100.0 100.0 100.0 13.2 13.6 12.7 2.7 2.5 2.4 83.6 83.4 84.0 0.3 0.3 0.4. 0.3 0.3 0.5 100.0 100.0 100.0 No. of contracts reported (000*) , 102 HI 99 101 Unadjusted May 1970 April 1970 May 1969 MATURITY DISTRIBUTION - USED CAR CONTRACTS 18 months 19-24 25-30 Over 30 Balloon Total months months months % % % % 112 114 126 No. of contracts reported (000) % Seasonally adjusted May 1970 April 1970 March 1970 February 1970 5.8 5.6 6.2 6 .0 15.4 14.7 15.0 16.6 30.3 29.9 29.2 29.5 48.7 49.0 48.8 46.4 0.1 0.1 0.1 0.1 100.0 100.0 100.0 100.0 35 39 34 36 5.5 - 5.2 5.7 14.7 13.7 15.3 31.9 30.7 32.2 47.9 50.4 46.5 0.1 0.1 0.3 100.0 100.0 100.0 38 41 43 Unadjusted May 1970 April 1970 May 1969 factors by sector. G.25 'AUTOMOBILE L O A N S B Y MAJOR SALES F I N A N C E C O M P A N I E S THE P E R C E N T A G E OF USED CAR CONTRACTS W I T H L A R G E D O W N P A Y M E N T S (DEALER C O S T R A T I O S OF 100% OR L E S S ) R O S E SHARPLY FOR T H E T H I R D M O N T H IN A R O W . 1967 Seasonally a d j u s t e d May 19 70 A p r i l 1970 March 1970 F e b r u a r y 1970 ' 1968 1970 D I S T R I B U T I O N OF D E A L E R C O S T R A T I O S - NEW CAR C O N T R A C T S (loan as per cent of dealer c o s t ) No. of contracts j 90 or i 91-100|100- 105 j 106- 1 1 0 Over 210 Total reported (000) less 1 1° 1 7= i 7c % I | 1 7° 31 48.8 48.4 47 .0 46.0 .2 ' 31 .4 31 .3 32 .4 j 48.9 j 48.8 j 43.5 31 .4 1 31 •3 32 .1 j 1 Unadjusted May 1970 A p r i l 1970 May 1969 1969 1 I : ! 12 .1 .5 12..9 13..0 12 i I - .7 4.,7 5..3 5. 2 3.0 3.1 3.5 3.5 • 100 .0 100 .0 100 .0 100 .0 102 111 98 100 i 4 .7 4. 7 6. 2 2 .9 3 .0 4 .6 100 .0 100..0 100,.0 112 114 117 ! ; ! | 1 i 12 . .1 12. 13. 3 7 i I D I S T R I B U T I O N OF D E A L E R C O S T R A T I O S - USED CAR C O N T R A C T S (loan as per cent of w h o l e s a l e v a l u e ) No. of c o n t r a c t s 90 or j 9 1 - 1 0 0j 101-110 I 1 1 1 - 1 2 0 Over 120 reported (000) Total less % 7. • % % % Seasonally adjusted May 1970 A p r i l 1970 March 1970 F e b r u a r y 1970 33.7 32.0 30.2 28.8 ! 27.6 27.4 1 26.3 25 .6 31.5 30.0 25 .6 27 .1 26.4 24.9 i ! 1 j 23 .3 23 .7 24,.6 .3 10 11 11 12 .7 .0 .9 , .5 5.9 7 .0 7 .6 7 .9 100 100 100 100 .0 .0 .0 .0 35 39 33 3b 23 . .7 .0 24 . 25..8 11..4 11.,8 14..3 6.5 7.8 9 .5 100 .0 100,.0 100..0 38 41 37 25 Unadjusted May 1970 A p r i l 1970 May 1969 Note: D e t a i l s may not add to totals b e c a u s e of r o u n d i n g and c o n s t r u c t i o n of seasonal factors by s e c t o r . AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS MAY 1970 NEW CARS (Percentage distribution of contracts) Not seasonally adjusted Loan as per cent -.>£ dealer cost 90% or less 91% to 100% 101% to 105% 106% to 110% Over 110% Total j 24 months | 25-30 or less J months Maturities | 31-36 ! j months Over 36 months | Balloon 1 Total 8.7 2.4 1.7 0.2 0.1 1.5 0.7 0.4 0.1 0.1 38.5 28.1 9.9 4.4 2.8 0.1 0.1 0.1 0.2 48.9 31.4 12.1 4.7 2.9 13.2 2.7 83.6 0.3 0.3 100.0 Balloon paper 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 Maturities 18 months 19-24 months 4.1 0.8 0.3 0.1 0.2 7.7 3.5 2.1 0.9 0.4 8.8 9.3 8.3 3.7 1.8 5.5 14.7 31.9 25-30 months Note: Details may not add to totals because of rounding. * Less than one-tenth of one per cent. Over 30 months 10.9 13.5 13.0 6 .6 4.0 47.9 * 0.1 * 0.1 31.5 27.1 23.7 11.4 6.5 100.0
@FedFRASER