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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