The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE statistical r e l e a s e For immediate release June 8, 1972 AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES AFTER THREE STRONG MONTHLY INCREASES, THE PROPORTION OF NEW CAR CONTRACTS WITH LOW DOWNPAYMENTS (DEALER COST RATIOS OVER 100 PER CENT) REACHED A THREE-YEAR HIGH IN APRIL. 1969 1970 1971 1972 MATURITY DISTRIBUTION - NEW CAR CONTRACTS 24 months 25-30 31-36 Over 36 Balloon months months months Seasonally adjusted April 1972 March 1972 February 1972 January 1972 70 % % 7o P Total % 11.6 11.4 11.8 11.9 2.5 2.5 2.9 2.6 84.9 85.2 84.8 85 .3 0.7 0.7 0.6 0.5 0.4 0.3 0.3 0.2 11.5 11.7 13.5 2.5 2.5 2.9 85.1 84.8 83.0 . 0.7 0.7 0.3 0.3 0.3 0.3 . 100.0 100.0 100.0 100.0 Unadjusted April 1972 March 1972 April 1971 Seasonally adjusted April 1972 March 1972 February 1972 January 1972 MATURITY DISTRIBUTION - USED CAR CONTRACTS 25-30 Over 30 Balloon 18 months 19-24 months months months P 7 = % % % % 5.2 5.5 5.5 5.8 • 100.0 100.0 100.0 Total 13.6 13.4 13.2 15.9 31.6 31.9 31.9 36.5 49.1 48.9 48.7 42.2 0.1 0.1 0.1 0.1 100.0 100.0 100.0 100.0 12.1 11.8 13.0 32.1 31.6 32.5 51.0 51.6 49.6 0.1 0.1 0.1 100.0 100.0 100.0 Unadjusted April 1972 March 1972 April 1971 Note: 4.7 5.1 5 .0 Details may not add to totals because of rounding and construction of by sector. seasonal factors G.25 -2- ^ AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES y THE PROPORTION OF LOW-DOWNPAYMENT USED CAR LOANS ALSO ROSE SHARPLY FOR THE THIRD MONTH IN A ROW DURING APRIL. 1970 1969 1972 1971 DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS (loan as per cent of dealer cost] 101-105 90 or 91-100 106-110 Over 110 less Total 7 = % % % % Seasonally adjusted April 1972 March 1972 February 1972 January 1972 45.7 46.3 47.8 48.5 31.3 31.7 31.2 31.1 12.9 12.6 12.1 11.7 5.9 5.6 5.4 5 .0 4.2 3.9 3.5 3.6 100.0 100.0 100.0 100.0 46.5 46.4 48.4 31.2 31.3 30.9 12.8 12.8 12 .6 5.7 5.7 5.0 3.9 3.8 3.1 100.0 100.0 100.0 Unadjusted April 1972 March 1972 April 1971 DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS (loan as per cent of wholesale value) 101-110 Over 120 90 or 91-100 111-120 Total less 7= 7, 7o 70 7o Seasonally adjusted April 1972 March 1972 February 1972 January 1972 31.5 32.5 33.5 36.1 27.2 28.2 27.7 27.8 24.4 24.2 23.5 22.0 11.5 10.8 10.6 9.5 5.8 5.1 5.0 4.5 100.0 100.0 100.0 100.0 30.2 31.2 32.1 26.6 27.3 27 .4 24.8 24.5 24.7 12.1 11.5 10.7 6.5 5.6 5.2 100.0 100.0 100.0 Unadjusted April 1972 March 1972 April 1971 Note: d .s Details may not adI to tota] because of rounding and construction oi by sector. seasonal factors i G.25 AUT0M3BILE LOANS BY MAJOR FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMDBILE INSTALMENT LOANS APRIL 1972 NEW CARS (Percentage distribution of contracts) Not seasonally adjusted Loan as per cent of dealer cost Maturities 31-36 months 24 months 25-30 'months 8.0 1.9 1.3 0.2 0.1 1.1 0.6 ' 0.6 0.1 0.1 37.1 28.2 10.8 5.4 3.7 11.5 2.5 85.1 90% or less 917= to 100% 101% to 105% 106% to 110% Over 110% Total Over 36 months . Balloon * 0.2 0.3 0.2 0.1 0.1 0.3 * 0.7 0.3 Total 46.5 31.2 12.8 5.7 3.9 100.0 USED CARS (Percentage distribution of contracts) Not seasonally adjusted Loan as per cent of wholesale value 18 months 19-24 months 3.6 0.5 0.3 0.1 0.1 6.7 2.8 1.5 0.7 0.4 4.7 12.1 90% or less 91% to 100% 101% to 110% 111% to 120% Over 120% Total Maturities 25-30 months 8.5 . 9.5 8.5 3.8 1.8 32.1 Note: Details may not add to totals because of rounding. * Less than one-tenth of one per cent. Over 30 months 11.4 13.7 14.3 7.5 4.1 51.0 Balloon * 0.1 0.1 - * 0.1 30.2 26.6 24.8 12.1 6.5 100.0
