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FEDERAL
statistical

RESERVE

release
/G

JSBTOg9""
AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES
THE PROPORTION OF THE LONGER (30 MONTHS+) USED
CAR CONTRACTS CONTINUED T O DECLINE FOR THE SECOND
CONSECUTIVE MONTH

MATURITY DISTRIBUTION - NEW CAR CONTRACTS
24 months 25-30 31-36 Over 36 Balloon
months months months
Total
P
7
=
7
=
7
c
.
%
7
o

No. of contracts
reported (000)

Seasonally adjusted
April 1968
March 1968
February 1968
January 1968

13.8
13.6
13.1
13.4

2.5
2.5
2.6
2.7

82.5
82.9
83.2
82.7

0.5
0.4
0.4
0.4

0.7
0.6
0.7
0.8

100.0
100.0
100.0
100.0

119
109
122
114

13.4
13.3
13.6

2.5
2.6
2.9

83.0
83.0
82.5

.0.4
0.4
0.4

0.7
0.7
0.6

100.0
100.0
100.0

122
112
108

Unadjusted
April 1968
March 1968
April 1967

Seasonally adjusted
April 1968
March 1968
February 1968
January 1968

MATURITY DISTRIBUTION - USED CAR CONTRACTS
18 months 19-24 25-30 Over 30 Balloon
Total
months months months
P
7
=
%
7
>
• 7
' o
%

No. of contracts
reported (000)

6.9
6.7
6.5
7.0

17.2,
16.9
17.2
16.6

33.2
33.5
32.7
33.4

42.4
42.6
43.2
42.7

0.3
0.3
0.4
0.3

100.0
100.0
100.0
100.0

43
40
46
41

6.3
6.0
7.6

16.1
15.4
18.9

33.7
33.6
35.0

43.6
44.7
38.1

0.3
0.3
0.4

100.0
100.0
100.0

45
42
43

Unadjusted
April 1968
March 1968
April 1967




G.25
AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES
ON THE OTHER HAND, USED CAR CONTRACTS WITH VERY
HIGH (120%+) DEALER COST RATIOS CONTINUED TO
INCREASE SHARPLY SINCE THE TURN OF THE YEAR

T

1

1
1966

Seasonally adjusted
April 1968
March 1968
February 1968
January 1968

1967

1968

DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS
(loan as per cent of dealer cost)
90 or 91-100 101-105 106-110 Over .110
No. of contracts
less
Total reported (000)
%
7
o
%
%
%

44.6
44.8
44.4
44.1

32.0
31.8
31.7
31.4

13.1
12.9
13.0
13.7

6.0
6.2
6.3
6.3

4.3
4.3
4.6
4.5

100.0
100.0
100.0
100.0

108
100
112
103

44.9
44.8
44.8

31.7
31.4
31.7

13.1
13.1
12.5

6.1
6.3
6.3

4.2
4.4
4.7

100.0
100.0
100.0

111
103
99

Unadjusted
April 1968
March 1968
April 1967

DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS
90 or
less
7.

No. of contracts
reported (000)

91-100 101-110 111-120 Over 120

%

7.

70

7
=

26.0
26.8
28.2
28.5

24.3
25.1
25.5
25.1

25.3
25.5
25.5
26.0

14.2
13.7
12.9
12.6

10.2
8.9
7.9
7.8

100.0
100.0
100.0
100.0

37
33
38
34

24.7
26.9
22.2

23.5
24.5
21.6

25.7
25.6
24.5

15.0
14.1
16.4

11.1
8.9
15.3

100.0
100.0
100.0

38
36
37

Seasonally adjusted
April 1968
March 1968
February 1968
January 1968
Unadjusted
April 1968
March 1968
April 1967




G.25
AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES
DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTALMENT LOANS
APRIL 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

Maturities
31-36
Over 36
months
months

24 months

25-30
months

9.2
2.1
0.9
0.2
0.2

1.5
0.7
0.3
0.1
0.1

34.0
28.5
11.7
5,8
3.9

0.1

*

2.6

83.8

0.5

0.5

12.6

.

0.1
0.2
0.1

Balloon
0.1
0.2
0.1

- 44.9
31.7
13.1
6.1
4.2
100.0-

USED CARS
(Percentage distribution of contracts)
Not seasonally adjusted

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

3.5
0.7
0.5
0.3
0.3

6,.l
3.3
2.3
1.3
1.0'

5 .3

13.8

25-30
months
7.2
8.6
9.6
5.2
3.7
34.3

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




Over 30
months
8.0
10.9
13.3 •
8.3
6.1
46.5

Balloon
*

*

0.1

Total
24.7
23.5
25.7
15.0
11.1
100.0