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, F E D E R A L R s t a t i s t i c a l E S E R V E r e l e a s e G.25 For immediate release June 9, 1971 AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES \ - - THE PERCENTAGE OF NEW CAR CONTRACTS WITH " 31-36 MONTH MATURITIES REBOUNDED FURTHER IN APRIL. I 1968 I 1969 i 1970 78 1971 MATURITY DISTRIBUTION - NEW CAR CONTRACTS 24 months 25-30 31-36 Over 36 Balloon months months months P 7 = % % % % Seasonally adjusted Total 13 .7 15 .4 16.8 15 .1 April 1971 March 1971 February 1971 January 1971 2.9 3.2 3 .3 2.6 82.7 80.7 79.2 81.8 0.3 0.3 0.2 0.2 0.3 0.4 0.3 0.4 100.0 . 100.0 100.0 100.0 13.5 15.3 13.6 2.9 3.2 2.5 83.0 80.8 83.4 0.3 0.3 0.3 0.3 0.5 0.3 100.0 100.0 100.0 Unadjusted April 1971 March 1971 April 1970 < MATURITY DISTRIBUTION - USED CAR CONTRACTS 18 months 19-24 25-30 Over 30 Balloon months months months P 7o % % % % Total Seasonally adjusted April 1971 March 1971 February 1971 January 1971 5 .4 5 .5 6.1 5.8 14.3 14.5 14.1 14.9 32.0 30.4 29.9 29.4 47.7 49.0 49.0 48.5 0.1 0.1 0.1 0.1 100.0 100.0 100.0 100.0 5 .0 5.1 5.2 13.0 12.9 13.7 32.5 30.4 30.7 49.6 51.6 50.4 0.1 0.1 0.1 100.0 100.0 100.0 Unadjusted April 1971 March 1971 April 1970 Note: Details may not add to totals because of rounding and construction of by sector. seasonal factors AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES CREDIT CONDITIONS CONTINUED TO EASE IN THE USED CAR MARKET AS THE PERCENTAGE OF CONTRACTS WITH SHORT (LESS THAN 24 MONTH) MATURITIES DROPPED BELOW 20%. 26 22 18 1968 Seasonally adjusted 1969 1970 1971 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 less Total 7 = 7. 7. % % 47.7 47.0 46 .0 46.4 31.0 31.6 32.4 32.0 12.8 13.3 13.8 12.8 5.1 4.9 4.9 5.2 3.3 3.2 3.1 3.5 100.0 100.0 100.0 100.0 48.4 47.3 48.8 . April 1971 March 1971 February 1971 January 1971 30.9 31.2 31.3 12.6 13.3 12.3 5.0 5 .1 4.7 3.1 3.2 3.0 100.0 100.0 100.0 Unadjusted April 1971 March 1971 April 1970 Seasonally adjusted DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS (loan as per cent of wholesale value) 90 or 91-100 101-110 111-120 Over 120 Total 7. 7. 7. 7. % April 1971 March 1971 February 1971 January 1971 33.7 33.9 33.6 33.6 28.2 28.7 28.5 28.6 24.5 24.5 24.0 23.3 10.2 9.6 9.6 9.6 4.6 4.6 4.6 4.4 100.0 100.0 100.0 100.0 32.1 32.5 30.0 27.4 27.7 26.4 24.7 24.6 24.0 10.7 10.2 11.8 5.2 5.1 7.8 100.0 100.0 100.0 Unadjusted April 1971 March 1971 April 1970 Note: Details may not add to totals because of rounding and construction of seasonal factors by sector. G.25 -3AUTOMOBILE LOANS BY tftJOR FINANCE COMPANIES DEALER COST RATIOS A N D MATURITIES ON AUTOMOBILE INSTALMENT LOANS APRIL 1971 NSW CARS (Percentage distribution of contracts) Not seasonally adjusted Loan as per cent of dealer cost 24 months 9.2 2.3 1.7 0.2 0.2 90% or less 91% to 1007. 101% to 105% 106% to 110% Over 110% Total 13.5 25-30 months Miituri ties 31-36 months . Over 36 months Balloon paper 0.2 0.1 1.4 0.8 0.7 ' 0.1 0.1 37.8 27.6 10.1 4.7 2.9 0.1 0.1 * 2.9 83.0 0.3 * Total 48.4 30.9 12.6 5.0 3.1 0.3 100.0 Balloon paper Total USED CARS (Percentage distribution of contracts) Not seasonally adjusted Loan as per cent of wholesale value 18 months 3.8 0.5 0.3 0.2 0.1 90% or less 91% to 100% 101% to 110% 111% to 120% Over 120% Total 5.0 19-24 months 7.4: 3.0 1.6 0.7 0.3 13.0 Maturities 25-30 months 9.3 10.0 8.6 3.3 1.3 11.6 13.9 14.2 6.6 3.4 * 32.5 49.6 0.1 Note: Details may not add to totals because of rounding. * Less than one-tenth of one per cent. Over 30 months 32.1 27.4 24.7 10.7 5.2 100.0
