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For immediate reJLease
March 11, 1970
AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES
NO CHANGE TOOK PLACE DURING JANUARY IN THE PERCENTAGE OF NEW CAR CONTRACTS WITH 31-36 MONTH
MATURITIES.

1967

Seasonally adjusted
January 1970
December 1969
November 1969
October 1969

'

1968

'

1969

'

1970

MATURITY DISTRIBUTION - NEW CAR CONTRACTS
24 months 25-30 31-36 Over 36 Balloon
Total
months months months
P
%
7,
%
%
%
13.8
14.0
13.9
15.6

2.9
2.8
2.8
2.6

82.3
82.3
82.5
80.7

0.3
0.4
0.4
0.4

0.6
0.8
0.6
0.5

15.0
16.7
14.7

3.2
3.1
2.8

80.7
79.0
81.2

0.3
0.4
0.4

0.8
0.9
1.0

No. of contracts
reported (000)

100.0
100.0
100.0
100.0

107
118
107
124

100.0
100.0
100.0

,

86
106
102

Unadjusted
January 1970
December 1969
January 1969

Seasonally adjusted
January 1970
December 1969
November 1969
October 1969

1

MATURITY DISTRIBUTION - USED CAR CONTRACTS
18 months 19-24 25-30 Over 30 Balloon
months months months
Total
7
=
7
»
7,
%
%

No. of contract;
reported (000)

6.8
6.2
6.3
6.0

17.7
17.1
17.016.6

29.9
30.6
30.4
30.3

44.5
46.1
45.5
46.6

0.3
0.2
0.3
, 0.2

100.0
100.0
100.0
100.0

40
41
37
42

6.7
6.8
6.0

15.9
17.5
14.3

27.9
27.6
28.1

49.3
47.9
51.2

0.3
0.3
0.4

100.0
100.0
100.0

36
40
38

Unadjusted
January 1970
December 1969
January 1969


Note: Details may not
http://fraser.stlouisfed.org/ add to totals
factors by sector.
Federal Reserve Bank of St. Louis

because of rounding and construction of seasonal

G .25

-2-

AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES
THE PERCENTAGE OF USED CAR CONTRACTS WITH RELATIVELY LARGE DOWNPAYMENTS (DEALER COST RATIOS OF
100% OR LESS) INCREASED DURING JANUARY TO THE
LEVELS REACHED EARLY IN 1968.

H 45
1970

1969

1968

1967

DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS
; as per cent of dealer cost)
No. of contracts
90 or 91-100 101-105 106-110 Over 110
Total reported (000)
less
Seasonally adjusted
January 1970
December 1969
November 1969
October 1969

%

%

%

%

%

44.5
45.2
45.3
43.9

,2
32.
.0
32.
31. 8
32.
,9

13.5
13.3
13.3
14.2

5.6
5.4
5.6
5.5

4 .1
3 .9
4 .1
3 .9

100 .0
100 .0
100 .0
100 .0

99
109
99
115

44.5
45.2
43.9

31.9
31.5
31.8

13.7
13.8
13.5

5.7
5.4
6.2

4.2
4 .0
.5
4.

.0
100.
100.
.0
100.
.0

79
98
93

Unadjusted
January 1970
December 1969
January 1969

DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS

Total

90 or

Seasonally adjusted
January 1970
December 1969
November 1969
October 1969

%

No. of contracts
reported (000)

91-100 101-110 111-120 Over 120

%

%

%

%

27.9
27.5
26.8
27.1

26.3
25 .0
25.6
24.9

24.8
25.6
25 .8
25.5

12.8
12.9
12.9
13.2

8.4
8.4
8.5
8.7

100.0
100.0
100.0
100.0

34
36
33
37

29.5
29.5
24.0

26.2
25 .7
22.4

24.2
25.0
24.8

12.2
11.9
15.5

7.9
7.9
13.3

100.0
100.0
100.0

31
35
33

Unadjusted
January 1970
December 1969
January 1969
Note:

Details may not add to totals because of rounding and construction of seasonal

Digitized forby sector.
factors FRASER


AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES
DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTALMENT LOANS
JANUARY 1970

V

NEW CARS
(Percentage distribution of contracts)
Not seasonally adjusted

Loan as
per cent of
dealer cost
90% or less
91% to 100%
101% to 105%
106% to 110%
Over 110%
Total

25-30
months•

Maturities
31-36
months

8.6
3.1
2.2
0.3
0.2

1.4
0.9
0.8
0.1
0.1

34.3
27.6
10.5
5.3
4.0

0.1
0.1
0.1

0.1
0.2
0.2

*

*

44.5
31.9
13.7
5 .7
. 4.2

14.3

3.2

81.6

0.4

0.5

100.0

24 months

Over 36
months

Balloon

*

Total

USED CARS
(Percentage distribution of contracts)
Not seasonally adjusted

Loan as
per cent of
wholesale value
90% or less
91% to 100%
101% to 110%
111% to 120%
Over 120%
Total

18 months

19-24
months

4.1
1.1
0.4
0.2
0.2

7.0
3.2
2.0
1.0
0.6

6.0

13.8

Maturities
25-30
months
7.0
8.0
7.3
3 .4
2.0

Over 30
months
11.4
• 13.8
14.5
7.7
5.1

27.7

Note: Details may not add to totals because of rounding.
* Less than one-tenth of one per cent.




52.5

Balloon

0.1
0.1

*

0.2

Total
29.5
26.2
24.2
12.2
7 .9
100.0

Revised March 1970
Maturities - New Cars
(Seasonally Adjusted)
Percentage distribution of contracts
24 months
25-30
31-36
Over 36
Balloon
months
months
paper
months
1967 - Jan.
Feb.
Mar-.
Apr.
May
July
Aug.
1
Sept.
Oct.
Nov.
Dec.

13.8
13.9
13.5
13.9
13.9
14.1
14.1
13.9
14.1
15.6
14.7
14.3

3.0
2.9
3.0
2.9
2.8
2.8
2.8
2.7
2.7
2.9
2.7
2.6

.

82.1
82.1
82.4
82.1
82.1
82.1
81.9
82.1
81.9
80.3
81.6
82.0

0.4
0.5
0.4
0.4
0.4
0.5
0.5
0.6
0.5
0.4
0.4
0.4
0.5 .

Year 1967

14.1

2.8

82.0

1968 - Jan.
Feb.
Mar.
Apr v
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

14.0
13.2
13.6
13.6
13.5
13.3
13.0
12.9
11.7
14.0
14.0
13.3

2.6
2.6
2.6
2.5
2.6
2.5
2.6
2.4
2.2
2.5
2.5
2.7

82.3
83.2
82.8
82.7
82.8
83.0
83.1
83.3
84.4
82.2
82.4
83.2

0.4
0.4
- 0.4
0.4
0.4
0.5
0.4
0.5
0.4
0.4
0.5
0.4

0.7
0.6
0.6
. 0.6
0.6
0.4
0.6
0.6
0.7
0.7
0.7
0.7

Total

Total
contracts
reported (000)

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

111
105
113
104
113
114
105
104
104
102
105
96

0.6

100.0

1,277

- 0.7
0.7
0.6
0.7
0.5
0.7
0.8
0.7
0.8
0.9
0.8
0.7

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

112
121
114
118
122
113
135
123
117
127
115
118

Year 1968

13.3

2.6

83.1

0.5

' 0.7

100.0

1,438.

1969 - Jan.
Feb.
Mar.
Apr.
May

13.5
13.9
14.1
13.8
13.4
13.6
13.5
12.8
13.6
15.6
13.9
14.0

2.5
2.5
2.4
2.5
2.4
2.7
2.3
2.3
2.4
2.6
2.8
2.8

82.9
82.5
82.2
82.6
83.1
82.6
83.2
83.6
83.1
80.7
82.5
82.3

0.4
0.4
0.4
0.4
0.4
0.4
0.4
0.4
0.4
0.4
0.4
0.4

0.8
0.8
0.8
0.7
0.5
0.8
0.5
0.6
0.4
0.5
0.6
0.8

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

127
120
114
121
115
116
118
109
137
124
107
118

13.8

2.5

82.8

0.4

0.7

100.0

July
Aug.
Sept.
Oct.
Nov.,

Year 1969




1,419

'

Revised March 1970
Maturities - Used Cars
(Seasonally Adjusted)
Percentage distribution of contracts
18 months
19-24
25-30 Over 30
Balloon
or less
months
months months
paper
1967 - Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept
Oct.
Nov.

8.2
8.5
8.8
8.2
8.1
7.8
7.5
7.6
7.2
7.0
6.8
6.9

21.1
20.5
20.8
20.3
20.6
19.4
19.0
18.6
18.8
18.3
17.5
17.6

33.5
34.4
34.1
34.2
34.1
34.3
34.4
34.3
34.3
33.5
33.5
33.9

37.0
36.6
36.3
36.7
36.9
37.7
38.4
38.7
39.1
40.9
41.6
42.4

0.3
0.4
0.4
0.4
0.3
0.4
0.4
0.4
0.4
0.4
0.3
0.4

Total

Total
contracts
reported (000)

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

45
45
46
41
45
43
41
43
39
40
41
36

Year 1967

7.7

19.4

34.3

38.2

0.4

100.0

503

t968 - Jan.
Feb .
Mar.
Apr .
May

6.9
6 .6
6.7
6.8
6 .6
6.8
6.7
6.4
6.3
6%. 4
6.3
6.2

16.7
17.2
17.1
17.3,
17.4
17.5
17 .4
17.4
17.3
17 .4
17.5
18.1

33.6
33.0
33.4
32.9
33.6
33.6
33.3
33.6
33.5
31.5
30.8
30.4

41.9
42.5
42.2
42.3
42.1
41.8
42.3
42.6
43.2
44.2
44.4
45.1

0.3
0.4
0.3
0.3
0.3
0.2
0.4
0.4
0.5
0.3
0.3
0.4

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

40
46
41
42
42
38
46
42
41
41
40
40

6 .6

17.4

33.1

42.8

0.4

100.0

500

0.3
0.4
0.3
0.3
0.3
0.2
0.3
0.2
0.2
0.2
0.3
0.2

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

42
41
39
42
39
39
41
38
41
42
37
41

0.3

100.0

489

July
Aug.
Sept.
Oct.
Nov.

Year 1968
1969 - Jan.
Feb.
Mar.
Apr .
May
June
July
Aug.
%
Sept.
*
Oct.
Nov.
Dec.

6.1
6.1
6 .4
6.0
6.0
6.0
6.1
5.9
6.0
6.0
6.3
6.2

15.9
16 .6
16.2
15.6
16.0
16.3
16 .4
16.8
16.9
16.6
17.0
17.1

30.1
30.1
30.4
30.9
30.6
30.5
30.6
30.5
31.1
30.3
30.4
30.6

46.2
45 .9
46.2
46.6
47.2
47.4
47.6
48.1
47.6
46.6
45.5
46.1

Year 1969

7.1

16.8

30.2

46.0




ZHO
3.
Revised March 1970
Dealer Cost Ratios - New Cars
(Loan as per cent of dealer cost)
(Seasonally Adjusted)

90 or
101-105

106-110

Over
110

Total

91-100
44.9
44.0
43.5
44.5
44.6
44.7
45 .1
44.0
43.9
43.3
43.8
43.4 ^

31.4
32.3
32.0
31.9
31.8
31.8
31.7
31.7
30.9
31.7
31.8
31.7

12.7
12.7
13.1
12.6
12.9
12.9
12.8
13.3
13.7
14.4
14.1
13.9

6.1
6.3
6.4
6.3
6.0
6.1
6.1
6.4
6.7
6.3
6.1
6.3

4.8
4.6
4.9
4.8
4.6
4.5
4.4 .
4.7
4.8
4 .6
4.3
4.6

100.0
100.0
100.0
100 .0
100.0
100.0
100.0 '
100.0
100.0
100.0
100.0
100.0

Year 1967

44.2

31.8

13.2

6.2

4.6

100.0

1968 - Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

44.0
44.5
44.5
44.6
45 .0
44.8
45.1
45.4
44.2
44.1
43.6
44.0

31.4
31.8
31.7
31.8
31.5
31.8
31.6
31.5
31.9
32.3
31.9
32.0

13.7
12.9
13.1
13.2
13.2
13.0
13.1
13.0
13.2
13.4
14.2
13.4

6.3
6.3
6.2
6.1
6.1
6.1
6.1
6.0
6.1
6.2
6.0
6.2

4.5
4.5
4.4
4.3
4.0
4.3
4.2
4.3
4.4
4.3
4.2
4.2

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

1967 - Jan.
Feb .
Mar .
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec .

Year 1968

44.6

31.9

1969 - j a n .
Feb .
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

43.9
43.9
43.7
43.9
43.4
43.5
43.8
44.2
45.8
43.9
45 .3
45.2

32.1
31.8
32.0
31.9
31.9
31.5
31.7
31.7
30.5
32.9
31.8
32.0

Year 1969

44.2

31.9




contrac
reported
100
94
103
96
103
104
97
94
96
93
96
88
1,166
102
109
105
108
112
104
125
112
108
117
105
108 "

13.3
-

6.2

4.3

100.0

1,319

13.3
13.6
13.7
13.8
13.7
14.0
13.5
13.4
13.0
14.2
13.3
13.3

6.1
6.-1
6.3
6.1
6.3
6.3
6.3
6.3
6.0
5.5
5.6
5.4

4.4
4.4
4.3
4.4
4.7
4.8
4.8
4.6
4.6
3.9
4.1
3.9

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

117
110
105
112
107
108
110
101
127
115
99
109

13.6

6.1

4.4

100.0

1,315

.

Revised March 1970
V
Dealer Cost Ratios - Used Cars
Loan as per cent of wholesale value)
(Seasonally Adjusted)

90 or

Total
91-100

1967

Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.

23.5
23.2
23.3
23.5
24.4
25.5
26.5
26.8
27.5
27.6
28.4
28.6

'
'

101-110

111-120

120

22.5
21.9
21.9
22.4
22.8
23.6
24.0
23.9
24.5
25.2
24.8
25.8

24.4
24.3
24.3
24.1
24.6
24.0
24.4
24.5
24.8
24.8
23.8
25.1

15.6
16.0
15.4
15.4
14.8
14.7
14.3
14.0
13.6
12.9
14.0
12.5

15 .1
.8
. 14
14 .9
13 .9
13 .0
.12.
.1
10.
.9
10.
.7
9.
.5
8.
.8
8.
.3
7.
3

contracts
reported (000)

100.0
100 .0
100 .0
100 .0
100 .0
100 .0
100 .0
100 .0
100 .0
100 .0
.0
100,
.0
100.

38
38
38
35
37
36
34
35
33
33
34
29
421

25.6

23.5

24.5

14.6

11.8

.0
100.

28 .7
28 .5
27 .8
26 .3
26 .8
27 .1
26 .5
26.4
24 .6
24 .9
24 .6
23 .9

25 .3
25 .5
25 .3
24 .3
24 .0
24 .2
24 .5
23 .7
23 .4
23 .2
23.4
22 .8

25.8
25.3
25.5
25.3
25.5
25.3
25.2
25.4
25.0
25 .2
25.9
25.3

12 .6
12 .7
13.4
14 .1
14 .1
13 .6
13 .8
13 .9
14 .9
15 .1
15 .0
15 .5

7 .7
7 .8
8 .4
10 .0
10 .0
9 .8
10 .1
10 .5
11 .6
11 .9
11 .8
12 .8

100 .0
100 .0
100 .0
100 .0
100.0
100 .0
100 .0 •
100 .0
100 .0
100 .0
100 .0
100 .0

33
. 38
34
36
36
32
38
35
35
34
34
35

1968

26 .3

24 .2

25.5

14 .1

10.2

100 .0

420

- Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

22 .7
23 .5
25 .1
26.
.8
27 .9
.
26.
.5
26.
.8
27 ,0
.
27.5
27.
.1
26.8
27.5

22 .5
22 .4.
23 .9
24 .9
25 .6
.8
24.
24.
.7
0
25 .
.2
25.
.9
24.
25.6
25.0

25.4
25.0
25.2
25.7
25.4
25 .9
26.1
25.7
24.8
25.5
25.8
25 .6

16 .3
14 .2
13 .6
.9
15.
11 .3
14.4
9 .2
13.5
8 .6
13.4
.3
9.
.4
13.
9.
.2
13.
,4
13.4
9.
.1
.0
13. 3
9.
8.
13. 2
.7
8.5
12.9
12.9 ' 8.4

100 .0
100.
.0
100.
.0
100.
.0
100.
.0
100.
,0
100.0
100.0
100. 0
100.0
100.0
100.0

36
35
33
36
34
34
35
33
36
37
33
36

24.6

25.6

13. 9

9. 9

100.0

418

967
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

Digitized for1969
FRASER 26.3