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F E D E R A L R E S E R V r e l e a s e For immediate r e l e a s e J u n e 5 , 1969 _ s t a t i s t i c a l AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES THE PROPORTION OF SHORT-TERM NEW CAR CONTRACTS ( 2 4 MONTHS OR L E S S ) HAS CHANGED L I T T L E , ON BALANCE, IN RECENT.MONTHS. 1966 Seasonally adjusted A p r i l 1969 March 1969 F e b r u a r y 1969 J a n u a r y 1969 m i ' 1 m / , MATURITY D I S T R I B U T I O N - NEW CAR CONTRACTS i 2 4 m o n t h s • 25' - 3 0 : 3 1 -• 3 6 ' O v e r 3 6 B a l l d o n paper Totzll | or l e s s ;months I months months 7= i 7 « % % I 1 1 ! N o . Of c o n t r a c t s r e p o r t e d (000) ! j j | | 13.9 14.3 13.9 13.4 ! 2 .,5 2. 4 ! 2 .,4 j 2. 6 0.5 0.4 0.4 0.4 1 82 .5 : 82 . 1 i 82 .6 83 •5 0 .7 0 .8 0 .8 0 ,.8 100 100 100 100 .0 .0 .0 .0 123 112 119 130 0.4 0 ..7 100 .0 . 125 0.4 0.4 0 ..9 0 . .7 100 .0 1 0 0 ..0 111 122 •I 1969 1969 1968 1 ! | 13.6 13.8 13.4 2. 5 i 2. i 2. 5 4 82 9 • i 82 .5 I 83 .0 1 I | MATURITY D I S T R I B U T I O N - USED CAR CONTRACTS 5 m o n t h s j 1 9 - 2 4 | 2 5 - 3 0 Over 30 B a l l o o n ;18 Tota 1 1 or l e s s 1 monthsjmonths months i Seasonally z > 1969 Unadj us ted April March April E adjusted A p r i l 1969 March 1969 F e b r u a r y 1969 J a n u a r y 1969 : i |. % | % 6.0 6.4 6.1 6.0 1 ! • 1 15.4 116.1 '16.5 ;15.7 | % No. of c o n t r a c t s r e p o r t e d (000) 7o I 46.9 | 31.0 46.5 | 30.2 .46.2 ,29.7 ; 2 9 . 7 j1 4 6 . 8 0.3 0.3 0.4 0.3 . 100.0 100.0 100.0 100.0 43 39 41 43 100.0 100.0 100.0 44 40 45 Unadjusted April March 1969 1969 5.6 5.8 Il4.5 |l4.6 April -1968 6.3 ,16.1 No e: D e t a i l s may Digitized t for FRASER n o t a d d t o f a c t o r s by s e c t o r . totals 48.0 I 3 I . 7 ! 1 30.6 I 48.8 43.6 | j 33.7 because of rounding 0.3 0.3 0.3 and . construction of seasonal -2- AlgOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES THERE WAS A FURTHER SHARP R I S E DURING APRIL IN THE PROPORTION OF USED CAR CONTRACTS WITH A DEALER COST RATIO OF 1 0 0 PER CENT OR L E S S . 55 1 9 6 6 1967 1968 1969 DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS 90 o r | 9 1 - 1 0 0 j 1 0 1 - 1 0 5 1 0 6 - 1 1 0 O v e r less} ! % Seasonally I 44.0 43.8 44.0 43.9 I i | j i i adjusted A p r i l 1969 March 1969 F e b r u a r y 1969 J a n u a r y 1969 Total No. of c o n t r a c t s r e p o r t e d (000) % : % % % 32.0 32.1 31.8 32.3 i i | | j | 13.7 13.8 13.6 13.3 6.1 6.3 6.1 6.1 4.3 4.2 4.4 4.4 100.0 100.0 100.0 100.0 113 103 110 120 1 13.6 13.7 13.1 6.1 6 .4 6 .1 4.3 4.3 4.2 100.0 100.0 100.0 115 103 111 1 Unadjusted April March April 110 44.2 44 .0 44.9 1969 ]969 1968 ' 31.8 31.7 j 31.7 DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS ( l o a n a s p e r c e n t of w h o l e s a l e v a l u e ) 120 No. of c o n t r a c t s I 90 o r • 9 1 - 100 101 - 1 1 0 1 1 1 - 1 2 0 ! less Tota 1 r e p o r t e d (000) 7* 7 o % % 1 % Seasonally adjusted 1 i | i : A p r i l 1969 March 1969 F e b r u a r y 1969 J a n u a r y 1969 26 24 23 22 .9 .9 .4 .5 | Unadjusted April March April •Note: 1969 1969 1968 Details 1 25 . 0 | 23 . 9 j 22 . 2 j 22 . 2 may n o t 1 i ; 1 1 I 25 . 8 25 . 3 24 . 8 25 "6 13 14 16 16 1 .5 .6 .1 .7 9 .2 11 , .6 1 3 . .8 14 ..5 100.0 100.0 100.0 100.0 i 25 . 2 2 4 . .0 26 . 1 | 14 ..4 | 100.0 j 10. 3 24 . 2 j 2 3 . .1 25 . 4 | 15 . 12. 1 | 100.0 .7 25 . 7 100.0 5 15 . ° 1 11 . 1 I 1 " I23' add t o t o t a l s 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 Digitizedt o r s FRASER. f a c for b y s e c t o r 36 33 35 37 38 35 38 of seasonal G.25 -3AUTOMDBILE LOANS BY MAJOR SALES FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS APRIL 1969 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 i I 24 m o n t h s Loan a s p e r c e n t of dealer cost 907, o r l e s s 91% t o 100%, 101% t o 105% 106% t o 110% O v e r 110% I 25-30 I months | ] | i i | | ! 0-- ! i • 8.3 2.3 1-7 0.2 1 Tota 1 Maturities 31-36 months 12.7 , 3 0.7 0.4 0.1 0.1 . 2.5 . O v e r 36 months 0.1 0.1 0.1 83.8 | 0.2 0.2 0.1 0.1 0.1 44.2 31.8 13.6 6.1 * 34.3 28.5 11.4 5 .7 3.9 Balloon 0,4 0.6 100.0 Total 4.3 1 USED 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 Loan as p e r c e n t of wholesale value 90% o r l e s s 91% t o 100% 101% t o 110% 111% t o 120% O v e r 120% Total Note: * Less | i 18 m o n t h s | | 1 "1 i 3.3 0.6 0.4 0.2 0.2 i 4.6 ! j 19-24 J months Maturities 25-30 months Over 30 months Balloon 9.2 12.3 14.8 8.4 6.2 0.1 0.1 *. 0.1 25.2 24.0 26.1 14.4 10.3 50.8 0.2 100.0 j | 6.0 2.9 1. 0 2 | 0.8 6.7 8.3 8.9 4.8 3.1 12.6 31.8 '° D e t a i l s may n o t a d d t o t o t a l s b e c a u s e t h a n o n e - t e n t h of one p e r c e n t . | j of rounding. Total
