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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
