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FEDERAL
statistical

RESERVE

release

For immediate release
July 9, 1968
AUTOMOBILE LOANS/BY MAJOR SALES FINANCE COMPANIES
THE PROPORTION OF LONGER TOW-CAR CONTRACTS
(31-36 MONTHS) CONTINUED AT THE HIGH LEVELS
REACHED IN EARLY 1968.

1966

1967

1968

MATURITY DISTRIBUTION - NEW CAR CONTRACTS
24 months 25-30 31-36 Over 36 Balloon
months months months
Tofal
P
%
%
%
%
%

No. of contracts
reported (000)

Seasonally adjusted
May 1968
April 1968
March 1968
February 1968

13.4
13.8
13.6
13.1

2.6
2.5
2.5
2.6

83.1
82.5
82.9
83.2

0.4
0.5
0.4
0.4

0.5
0.7
0.6
0.7

100.0
100.0
100.0
100.0

128
119
109
122

12.8
13.4
13.2

2.6
2.5
2.8

83.7
83.0
83.0

0.4
0.4
0.4

0.5
0.7
0.6

100.0
100.0
100.0

132
122
122

Unadjusted
May 1968
April 1968
May 1967

MATURITY DISTRIBUTION - USED CAR CONTRACTS
18 months 19-24 25-30 Over 30 Balloon
paper
Total
months months months
Seasonally adjusted
May 1968
April 1968
March 1968
February 1968

%

%

%

%

6.7
• 6.9
6.7
6.5

17.3
17.2
16.9
17.2

34.0
33.2
33.5
32.7

41.6
42.4
42.6
43.2

0.4
0.3
0.3
0.4

100.0
100.0
100.0
100.0

6.2
6.3
7.6

16.6
16.1
19.7

35.3
33.7
35.7

41.6
43.6
36.7

0.3
0.3
0.3

100.0
100.0
100.0

%

No. of contracts
reported (000)

.

44
43
40
46

Unadjusted
May 1968
April 1968
May 1967




46
45
48

G.25
AUTOMOBILE LOANS B Y MAJOR SALES FINANCE COMPANIES
THE PROPORTION OF NEW-CAR CONTRACTS WITH A D.C.R.
OF OVER 1107= CONTINUED TO DECREASE.

8

- 2

1966

1967

1968

DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS
90 or
less

91-100 101-105 106-110 Over 110

No. of contracts
reported (000)

%

%

45.3
31.5
44.6, - 32.0
44.8
31.8
31.7
44.4

13.1
13.1
12.9
13.0

6.1
6.0
6.2
6.3

4.0
4.3
4.3
4.6

100.0
100.0
100.0
100.0

116
108
100
112

45 .1
44.9
44.6

13.2
13.1
12.9

6.1
6.1
6.0

3.9
4.2
4.5

100.0
100.0
100.0

121
111
111

%

Seasonally adjusted
May 1968
April 1968
March 1968
February 1968

Total

%

%

Unadjusted

—

May 1968
April 1968
May 1967

31.7
31.7
32.0

DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS
'loan as per cent of wholesale value)
90 or 91-100 101-110 111-120 Over 120
No. of contracts
Total reported (000)
7
=
70
%
7
>
%
Seasonally adjusted
May 1968
April 1968
March 1968
February 1968

26.4
26.0
26.8
28.2

23.7
24.3
25.1
25.5

25.4
25.3
25.5
25.5

14.2
14.2
13.7
12.9

10.3
10.2
8.9
7.9

100.0
100.0
100.0
100.0

37
37
33
38

24.6
24.7
22.5

23.3
23.5
22.2

25 .9
25.7
25.0

15.1
15.0
15.8

11.1
11.1
14.5

100.0
100.0
100.0

39
38
40

Unadjusted
May 1968
April 1968
May 1967




n

G.25

-3AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES
DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTALMENT LOANS
MAY 1968
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

8.9
1.9
1.0
0.2,
0.1
12.1

25-30
months
1.5
0.6
0.4
0.1

Maturities
Over 36
31-36
months
months
0.1
0.1
0.1
0.1

34.5
28.8
11.7
5.7

Balloon
. paper
0.1
0.2
0.1
0.1

3.7

o.i

*

8\5

0.4

0.4

*
2.6

Total

45.1
31.7
13.2
6.1
3.9
100.0

USED CARS
(Percentage distribution of contracts)
j
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

19-24
months

Maturities
Over 30
25-30
months
months

3.6
0.7
0.4
0.3
0.3

6.3
3.2

7.3
9.0

7.4
10.4

2.5
1.3
1.0

10.0
5.7
3.9

12.9
7.8
5.8

5.3

14.3

35.9

44.4

Balloon

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




0.1
*

24.6
23.3
25.9
15.1
11.1

0.1

100.0