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. Co e a t , ' , - . FEDERAL s t a t i s t i c a l -.f*4L R.oERVE r e l e a s e RfeS* For^immediate r e l e a s e J u l y 18, 1975 •OANS AT MAJOR FINANCE COMPANIES THE PROPORTION OF NEW CAR CONTRACTS WITH MATURITIES EXCEEDING 36 MONTHS APPROACHED 23 PER CENT IN MAY, COMPARED WITH ONLY 6 PER CENT A YEAR AGO. Seasonally a d j u s t e d May 1975 A p r i l 1975 March 1975 February 1975 MATURITY DISTRIBU:[ION - NEW CAR CONTRACTS 24 months 25-30 31-36 Over 36 Balloon months months months % 7o % % % "1 Total' 10.0 10.3 10.1 8.5 1.7 1.8 1.7 1.8 64.4 65.1 66 . 6 68.5 22.8 21.4 20.9 22.1 0.3 0.5 0.3 0.2 100.0 100.0 100.0 100.0 9.0 10.0 9.9 1.6 1.8 1.7 65.1 65.2 81.4 24.0 22.7 6.8 0.3 0.4 0.3 100.0 100,0 100.0 Unadjusted May 1975 A p r i l 1975 May 1974 Seasonally a d j u s t e d May 1975 A p r i l 1975 March 1975 February 1975 MATURITY DISTRIBUTION - USED CAR CONTRACTS 25-30 Over 30 18 months 19-24 Balloon months months months P %eSS % % % % Total 4.1 4.2 4.2 4.6 11.1 11.4 11.1 11.5 31.8 31.5 30.7 29.4 52.7 52.7 53.2 54.2 0.1 0.1 0.1 0.1 100.0 100.0 100.0 100.0 3.7 3.7 4.0 9.8 10.0 11.7 30.5 29.6 28.2 5»5.9 56.7 56.0 o.i 0.1 0.2 100.0 100.0 100.0 Unadjusted May 1975 A p r i l 1975 May 1974 Note: D e t a i l s may not add to t o t a l s http://fraser.stlouisfed.org/ f a c t o r s by s e c t o r . Federal Reserve Bank of St. Louis because of rounding and c o n s t r u c t i o n of "seasonal I G.25 -2AUTOMDBILE LOANS BY MUOR FINANCE COMPANIES NEW-CAR DOWNPAYMENT TERMS CONTINUED TO TIGHTEN AS THE PROPORTION OF CONTRACTS WITH DEALER COST RATIOS OVER 100 PER CENT DROPPED TO A NEW LOW UNDER 17 PER CENT. 28 24 20 16 Seasonally adjusted 1975 1974 1973 1972 DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS ( l o a n as per c e n t of d e a l e r c o s t ) 90 or 91-100 101-105 106-110 Over 110 Total less 7. % % 7o % May 1975 A p r i l 1975 March 1975 February 1975 50.0 48.9 47.9 48.2 33.3 33.7 34.6 34.5 10.3 11.1 10.8 10.7 3.9 3.9 4.2 4.3 2.4 2.4 2.6 2.6 100.0 100.0 100.0 100.0 50.1 49.1 44.9 33.5 33.7 33.0 10.2 11.1 12.7 3.9 3.9 5.7 2.3 2.3 3.7 100.0 100.0 100.0 Unadjusted May 1975 A p r i l 1975 May 1974 Seasonally adjusted DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS * ( l o a n as per c e n t of w h o l e s a l e v a l u e ) 90 or 91-100 101-110 111-120 Over 120 To t a l less 7. % 7» 7o 7, May 1975 A p r i l 197$ March 1975 February 1975 32.1 32.8 32^7 33.5 29.2 28.9 29.1 29.1 24.3 24.5 24.2 23.8 10.0 9.6 9.8 9.2 4.6 4.2 4.5 4.3 100.0 100.0 100.0 100.0 31.1 32.0 30.7 29.1 28.7 27.9 25.0 24.9 25.3 10.3 10.1 10.9 4.7 4.4 5.2 100.0 100.0 100.0 Unadjusted May 1975 A p r i l 1975 May 1974 Note: D e t a i l s may not add t o t o t a l s because of rounding and c o n s t r u c t i o n of s e a s o n a l f a c t o r s by s e c t o r . V 3 5" / • G.25 -3AUTOMDBILE LOANS AT MAJOR FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS MAY 1975 NEW CARS ( P e r c e n t a g e d i s t r i b u t i o n of c o n t r a c t s ) Not s e a s o n a l l y a d j u s t e d ' Loans as . per cent of dealer cost 90% or l e s s 917- to 100% 1017= t o 105% 1067, to 1107, Over 1107, Total 24 months 25-30 months 6.5 1.6 0.6 0.2 0.1 0.9 0.4 0.3 0.1 9.0 Maturities 31-36 Over 36 months months Balloon * 8.3 10.5 3.3 1.3 1.0 0.2 0.1 0.1 * 34.4 20.8 6.0 2.4 1.5 1.6 65.1 24.0 0.3 * Total 50.1 33.5 10.2 3.9 2.3 100.0 USED CARS (Percentage d i s t r i b u t i o n of c o n t r a c t s ) Not s e a s o n a l l y a d j u s t e d Loan as per cent of wholesale value 907, or l e s s 917, to 1007, 1017, to 110% 111% to 1207, Over 1207, Total 18 months 2.9 1.0 0.2 0.1 0.1 3.7 . 19-24 months Maturities 25-30 Over 30 months monhts 5.6 2.2 1.2 1.0 0.2 8.4 9.4 8.2 3.2 1.3 10.0 30.5 Note: D e t a i l s may not add to t o t a l s because of r o u n d i n g . * Less than o n e - t e n t h of one per c e n t . X 14.2 • 17.0 15.3 6.4 3.0 56.0 Balloon * * 0.1 Total 31.1 29.1 25.0 10.3 4.7 100.0
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