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For immediate r e l e a s e June 7, 1973 AUT0M3BILE LOANS BY MAJOR FINANCE COMPANIES TTUTPROPORTION OF USED CAR CONTRACTS WITH MATURITIES OVER 24 MONTHS INCREASED IN APRIL AFTER TWO MONTHS OF DECLINE. I 1970 Seasonally adjusted A p r i l 1973 March 1973 F e b r u a r y 1973 J a n u a r y 1973 x 1971 1 — 1972 1 — 1973 MATURITY DISTRIBUTION - NEW CAR CONTRACTS Balloon Over 36 25-30 31-36 24 months months months months 7= 7. 7. 7. 7, Total 11.1 11.2 11.4 12.2 2.2 2.4 2.4 2.6 84.2 84.2 84.5 83.8 2.0 1.8 1.9 1.7 0.2 0.3 0.3 0.2 100.0 100.0 100.0 100.0 10.9 11.4 11.5 2.2 2.4 2.5 84.5 83.8 85.1 2.3 2.0 0.7 0.2 0.4 0.3 100.0 100.0 100.0 Unadjusted A p r i l 1973 March 1973 A p r i l 1972 Seasonally adjusted A p r i l 1973 March 1973 F e b r u a r y 1973 J a n u a r y 1973 MATURITY DISTRIBUTION - USED CAR CONTRACTS 18 months 25-30 19-24 Over 30 Balloon months months months P 7> 7, % % 4.9 4.8 5.0 4.8 13.8 13.5 13.0 13.1 28.8 28.4 30.7 35.5 52.3 52.2 50.8 46.9 ' I Total 0.1 0.1 0.1 0.1 100.0 100.0 100.0 100.0 Unadjusted A p r i l 1973 4.4 March 1973 4.6 A p r i l 1972 4.7 Note: D e t a i l s may not add t o t o t a l s f a c tfor o r s FRASER by s e c t o r . Digitized 29.0 12.3 27.8 11.8 32.1 12.1 because of r o u n d i n g 54.3 0.1 100.0 55.7 0.1 100.0 100.0 0.1 51.0 and c o n s t r u c t i o n of s e a s o n a l G.25 -2- AUTOMDBILE LOANS BY MUOR FINANCE COMPANIES THE PROPORTION OF NEW CAR CONTRACTS WITH LOW DOWNPAYMENTS (DEALER COST RATIOS OVER 100 PER CENT) ROSE IN APRIL. 1970 1971 1972 1973 DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS Seasonally adjusted A p r i l 1973 March 1973 F e b r u a r y 1973 J a n u a r y 1973 90 or less % 91-100 101-105 106-110 Over 110 % % % % 42 .9 43.6 44.2 43.9 31.9 31.8 31.1 30.7 13 .8 13.6 13.8 13.9 6 .6 6.3 6.4 6 .6 4.8 4.7 4.6 4.5 100.0 100.0 100.0 100.0 43.5 43.5 46.5 31.7 31.4 31.2 13.8 14.0 12.8 6.5 6 .5 5 .7 4.5 4.6 3.9 100.0 100.0 100.0 Total Unadjusted A p r i l 1973 March 1973 A p r i l 1972 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 ) Over 120 111-120 101-110 91-100 90 or Total % % % % % Seasonally adjusted A p r i l 1973 March 1973 F e b r u a r y 1973 January 1973 31.2 31.5 30.9 30.5 27.7 28.3 26.8 26.6 24.8 24.5 24.9 25.6 10.9 10.9 11.9 11.9 5 .3 5.3 5 .8 5.8 100.0 100.0 100.0 100.0 29.9 30.4 30.2 27.0 27 .6 26.6 25.4 25.0 24.8 11.7 11.5 12.1 5.9 5.7 6.5 100.0 100.0 100.0 Unadjusted A p r i l 1973 March 1973 A p r i l 1972 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 . G.25 -3AUT0M3BILE LOANS BY MAJOR FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS APRIL 1973 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 Loan as per c e n t of dealer cost 24 months 90% or l e s s 917= t o 100% 101% to 105% 106% t o 110% Over 110% Total 25-30 months Maturities 31-36 months Over 36 months Balloon * . 7.4 1.9 1.3 0.2 0.1 1.0 0.6 0.5 0.2 0.1 34.6 28.3 11.7 5.9 4.1 0.6 0.8 0.4 0.3 0.2 10.9 2.2 84.5 2.3 0.1 * 0.2 Total 43.5 31.7 13.8 6.5 4.5 100.0 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 per c e n t of wholesale value 18 months 19-24 months Maturities 25-30 months Over 30 months 3.4 0.5 0.3 0.2 0.1 6.8 2.9 1.7 0.7 0.3 7.7 8.6 7.7 3.4 1.6 12.1 15 .0 15.8 7.5 4.0 4.4 12.3 29.0 54.3 90% or l e s s 91% t o 100% 101% to 110% 111% to 120% Over 120% Total Note: D e t a i l s may not add t o 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 . Balloon * 0.1 Total 29.9 27.0 25 .4 11.7 ' 5 .9 100.0
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