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FEDERAL statistical o RESERVE r e I * a s fe . ( F o r immediate r e l e a s e June AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES 1 THE FEDERAL OF CLEVELAND THE PROPORTION OF 36-MONTH NEW CAR CONTRACTS HAS REMAINED STABLE IN RECENT MONTHS, AFTER RISING SHARPLY EARLY IN THE YEAR Per cent 1S65 1966 1967 MATURITY DISTRIBUTION - NEW CAR CONTRACTS |24 months | 2 5 - 3 0 31-136 |Over 36 B a l l o o n | paper Total |months mo nit h? ;months 7= % % 1 % Seasonally adjusted 13.8 13.2 13.6 13.2 A p r i l 1967 March 1967 F e b r u a r y 1967 J a n u a r y 196 7 . No. of c o n t r a c t s r e p o r t e d (000) 2.9 2.9 2.9 ' 3.1 82.2 82.8 82.3 82.5 0.5 0.4 0.4 0.4 0.6 0.7 0.6 0.8 100.0 100.0 100.0 100.0 100 112 103 108 2.9 3.0 3.3 82j.5 82.7 80.6 0.4 0.4 0.4 0.6 0.7 0.6 100.0 100.0 100.0 108 112 138 Unadjusted 13.6 13.2 15.1 A p r i l 1967 March 1967 A p r i l 1966 MATURITY DISTRIBUTION - USED CAR CONTRACTS 18 months 119-24 2 5 - 3 0 Over 30 B a l l o o n Total months months months 7o i % %' % ^ % Seasonally adjusted A p r i l 1967 March 1967 F e b r u a r y 1967 J a n u a r y 196 7 No. of c o n t r a c t s r e p o r t e d (000) 8.5 8.7 8.3 8.1 20.4 20.9 : 20.5 21.1 34.5 34.4 34.5 33:.4 36.1 35.6 36.3 37.1 0.5 0.4 0.4 0.3 100.0 100.0 100.0 100.0 40 46 45 45 7.6 7.9 7.4 18.9 18.8 35 .0 j 34.3 32.6 38.1 38.6 40.5 0.4 0.4 0.4 100.0 100.0 100.0 43 47 47 Unadjusted A p r i l 1967 March 1967 A p r i l 1966 Note: j 1,1 ! Monthly d a t a a v a i l a b l e on r e q u e s t f o r y e a r s 1 9 6 0 - 6 6 . AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES DEALER COST RATIOS FOR NEW CARS HAVE RISEN, ON AVERAGE, SINCE LATE LAST YEAR, INDICATING SOME EASING IN DOV.'NPAYMENT REQUIREMENTS Per cent 1965 1966 1967 DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS 9 1 - 100 101- 105 , 1 0 6 - 1 1 0 1 Ovef 110! j 90 o r | less 11 Seasonally adjusted ! i ; j A p r i l 1967 March 1967 F e b r u a r y 1967 J a n u a r y 1967 44.2 ' ^3.5 : 44.1 1 45.3 1 Unadjusted A p r i l 1967 March 1967 A p r i l 1966 : Z 7- % 32 •1 32 .2 i 32 •3 , 31 •\! 12 .; 5 13 .0 12 .8 12 .7 1 | 44.8 43.8 42.6 6.3' 6.4 6-3 6-0 | i 12 .5 13 .1 13 .5 j No. of c o n t r a c t s r e p o r t e d (000) 100.0 100.0 100.0 100.0 92 101 93 97 100.0 100.0 100.0 99 102 124 1 I 4 .9 4, .9 I 1 . . . 4 , .5 4 , .8 j 1 ! : 3 i .7 1 31 •7 I 31 1 : 1 1 1 Total i 6.3 6.5 7.1 4 . .7 4 . ,9 5. 7 i j DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS Seasonally adjusted j 90 o r j 9 1 - 1 0 0 j 1 0 1 - 1 1 0 j 1 1 1 - 1 2 0 l O v e r 120 i less , 1 1 7= 1 % 7o. , 7c 1 70 ! A p r i l 1967 , March 1967 F e b r u a r y 1967 J a n u a r y 1967 23 .0 22 .3 22 .5 23 . 3 Unadjusted ! A p r i l 1967 March 1967 . A p r i l 1966 ; , ' 22, .2 22, .7 .5 i j : 22.3 i 21.6 21.6 | 21.9 ' i ' i i i 1 21.6 | 21.3 ' 22.2 ' j ; I 24:1 2412 24.3 24.4 | i j ; Total No. of c o n t r a c t s r e p o r t e d (000) j 15:8 16.0 16.2 15.5 ! : 1 1 r i 24.5 ' | 16.4 24,4 1 16.1 23.6 ' 16.1 14.8 15.9 15.4 100.0 100.0 100.0 j 100.0 ^.9 • . 15.3 15.5 15.6. 36 37 38 37 ! | 1 100.0 100.0 100.0 37 40 39 u\^'Vv 3 AjjjBAMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES V£Ox>cVLt-^V^ DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS 0 APRIL 1967 NEW CARS ( P e r c e n t a gv per c e n t ot iK'iier cost H .. . J L Jl-V r .'4 mentlis l o 100% ro 10 0/1 Lc 110% 1 10% •Tot a 1 i '.1'ti.on of c o n t r a c t s ) iiy a d j u s t e d Maturities 31-36 ; O v e r 36 tlis m o n t h s • 25-30 months l.u 0 .6 0 .2 0.2 - ; 12-6 - 33.0 '2S.R' , i 1 - 0. / 0.3 0.1 2.9 : Balloon i Total ; mon : 0.1 0.2 0 .1 4 .4 . Oj. D3.7 1 1 0.4 64.7 i 0.1 , ' i o , 1 • 12.6 6.3 4.7 100.0 ( P o r c t ' n ticiue 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 a s p e r c e n t ot wholesale value or to 100% ti , 1 1 0 % 1 1 ] % te , 1 2 0 % Over 12: o % , 90% Tot a l Note: -Less , 19-24 'months Maturities ; 2 5 - 3 0 Over 30 , B a l l o o n 'months-months paper t o.0 . 1 l 91% 101% months or l e s s ; 0 ! .4 o- . 6 6 .. 7 ' 3 .7 • s .3 1 ' 3.4 ; 9 .9 ' : 2 / 1 6 .2 ; .0 0 : 35. 7 ; 6 .1 0 • i ; 8 .6 : 0 .1 1 .5 ! 0,. 1 7 .. 7 ! .2 | 2 i i 10 40. : D e t a i l s may n o t 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 . t h a n o n e - t e n t h of one p e r c e n t . • 0. i 0. 3 22 .2 21 .6 : • 1 ! 24 • .5 16 . 4 15 i ! 100 .0
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