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F E D E R A L statistical R E S E R V E r el e / OA | ^ Ou.'T^n: ^ Lc •For immediate release - '-Wcti fgr 1969 1c ^ OrciiJ , AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES — THE-!PROPORTION OF USED CAR CONTRACTS WITH MATURITIES OVER 30 MONTHS INCREASED FURTHER IN JANUARY 1966 24 Seasonally adjusted January 1969 December 1968 November 1968 October 1968 1967 1968 1969 MATURITY DISTRIBUTION - NEW CAR CONTRACTS months 25-30 31-36 Over 36 Balloon Total months months months P % % % % % No. of contracts reported (000) 13.4 13.4 14.1 14.5 2.6 2.7 2.5 2.5 83 .5 83.2 82.3 81.6 0.4 0.3 0.5 0.5 0.8 0.7 0.8 0.9 100.0 100.0 100.0 100.0 130 114 113 132 14.7 15.9 15.3 2.8 3.0 2.9 81.2 79,9 80.5 0.4 0.4 0.4 1.0 0.8 0.9 100.0 100.0 100.0 102 107 90 Unadjusted January 1969 December 1968 January 1968 Seasonally adjusted MATURITY DISTRIBUTION - USED CAR CONTRACTS 18 months 19-24 25-30 Over 30 Balloon Total months months months P 7= % 7 o % • % January 1969 December 1968 November 1968 October 1968 No. of contracts reported (000) 6.0 6.2 6 .4 6.3 15.7 18.1 17.8 17.5 29.7 30.2 30.4 31.5 46.8 44.8 44.2 44.1 0.3 0.4 0.4 0.3 100.0 100.0 100.0 100.0 43 40 39 41 6.0 6.8 6.8 14.3 18.5 15.1 28.1 27.5 31.4 51.2 46.7 46.3 0.4 0.5 0.4 100.0 100.0 100.0 38 40 36 Unadjusted January 1969 December 1968 January 1968 Note: Details may not add to totals because of rounding and construction of seasonal factors by sector . G. 25 -2- AUT0M3BILE LOANS BY M U O R SALES FINANCE COMPANIES AND THE PROPORTION OF LOW DOWNPAYMENT CONTRACTS ON USED CARS (D.C.R. OVER 1107,) RETURNED TO THE PEAK REACHED 2 YEARS EARLIER 1966 1967 1969 1968 DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS 90 or Seasonally adjusted January 1969 December 1968 November 1968 October 1968 91-100 101 -105 106-110 Over 110 % % 43.9 43.8 43 .5 43.9 32.3 32.3 32.1 32.4 43.9 44.1 43.9 31.8 31.5 31.2 I Total No. of contracts reported (000) % % 13 .3 13 .6 14 .4 13 .5 6.1, 6.1 5.9 6.2 4 .4 4, .1 .1 4, -3 4. 100 .0 100 .0 100 .0 100 .0 120 104 103 123 13 .5 13 .9 13. .9 6.2 6.2 6.4 4. 5 4. 3 4. 6 100. .0 100. .0 100. 0 93 98 81 Unadjusted January 1969 December 1968 January 1968 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 No. of contracts Total reported (000) Seasonally adjusted January 1969 December 1968 November 1968 October 1968 % % 22.5 23.7 24.4 25.0 22.2 22.7 23.6 23.1 25.6 25.2 25 .9 25.1 16.7 15.6 14.7 15.0 14.5 12.7 11.8 11.9 100.0 100.0 100.0 100.0 37 34 34 34 24.0 25.6 30.4 22.4 23.4 25.3 24.8 24.7 25.1 15.5 14.3 12.0 13.3 12.0 7.2 100.0 100.0 100.0 33 34 30 % % % Unadjusted January 1969 December 1968 January 1968 Note: Details may not add to totals because of rounding and construction of seasonal . factors by sector G.25 -3AUTOMDBILE LOANS BY MAJOR SALES FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS JANUARY 1969 NEW CARS (Percentage distribution of contracts) Not seasonally adjusted Loan as per cent of dealer cost 24 months 90% or less 91% to 100% 101% to 105% 106% to 110% Over 110% Total 25-30 months Maturities 31-36 months Over 36 months Balloon 0.2 0.3 0.1 0.1 Total 9.5 2.9 1.5 0.3 0.2 1 | 1.3 0.8 0.5 0.1 0.1 32.7 27.7 11.4 5.8 4.2 0.1 oh 0.1 * * .43.9 31.8 13.5 6.2 4.5 14.4 2.8 81.8 0.4 0.6 100.0 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 Maturities 25-30 months Over 30 months Balloon 3.5 0.7 0.5 0.3 0.3 5.5 2.5 2.1 1.2 1.1 5.6 6.6 7.6 4.6 3.4 9.4 12.4 14.6 9.4 8.4 0.1 0.1 0.1 24.0 22.4 24.8 15.5 13.3 12.4 27.9 54.2 0.3 100.0 5.2 • Note: " Details may not add to totals because of rounding. "Less than one-tenth of one per cent. Total Revised March 1969 Maturities - New Cars (S.A.) Percentage distribution of contracts 24 months 25-30 31-36 Balloon Over 36 months months months Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 966 Feb. Mar. Apr. May July Aug. Sept. Oct. Nov. 15.3 15.1 15.5 15.4 15.5 15.2 15.4 15.5 15. 3 15.2 14.6 14.6 3.3 3.3 3.3 3.3 3.1 3. 1 3. 1 3.2 3.2 3.2 3. 1 3. 1 80 . 7 80.6 80.0 80.1 80.0 80.4 80.3 80.2 80.3 80.6 81.3 81.1 0.5 • 0.5 0.5 0.5 0.5 0.6 0.6 0.5 ' 0.5 0.5 0.5 0.5 0.6 0.6 0.6 0.6 0.7 0.6 0.6 0. 7 0.5 0.6 0.6 ? 0. 7 Total 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Total contracts reported (000) 135 134 153 133 129 135 131 141 133 131 132 123 15.1 3.2 80.6 0.5 0.6 100.0 1,611 13.8 13.9 13.6 13.9 13.8 14.0 13.9 13.8 14.0 16.1 14.7 14.3 3. 1 2.9 3.0 2.9 2.8 2.8 2.8 2.7 2.5 2.9 2.7 2.7 ,82.5 82.2 82.4 82.0 82.2 82. 1 82.0 82.2 82.1 79. 7 81.5 82.0 0.4 0.5 0.4 0.5 0.4 0.4 0.5 0.6 0.5 0.5 0.4 0.4 0.8 0.6 0.6 0.6 0.6 0.4 0.6 0.6 0.6 0. 7 0. 7 0. 7 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 113 105 113 105 114 113 106 102 103 105 104 94 1967 14.1 2.8 82.0 0.5 0.6 100.0 1,277 - Jan. Feb. Mar. Apr. May 14.0 13.2 13.8 13.7 13.4 13.3 12.8 12. 7 11.5 14.5 14.1 13.4 2. 7 2.6 2.6 2.5 2.6 2.5 2.6 2.4 2. 1 2.5 2.5 2.7 82.8 83.3 82.6 82.6 82.9 82.9 83.2 83.5 84.7 81.6 82.3 83.2 0.4 0.4 0.4 0.5 0.4 0.4 0.4 0.5 0.4 0.5 0.5 0. 3 0.8 0. 7 0.6 0.7 0.5 0. 7 0.7 0. 7 0.8 0.9 0.8 0.7 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 115 120 113 119 123 112 136 120 117 132 113 114 13.3 2.6 83.1 0.5 0.7 100.0 July Aug. Sept. Oct. Nov. 1968 1,438 7 2. Revised March 1969 Maturities - Used Cars (S.A.) 18 months Feb. Mar. Apr. MayJune July Aug. Sept. Oct. Nov. Dec. 7 .7 7.8 7 .9 8. 1 8 .4 8. 1 8 .3 8 .5 8 .6 8 .4 8. .3 . 8. 5 19-24 months 25-30 months 19.0 19.6 19. 7 20.4 20.6 20. 7 20.9 20.7 20.9 20.5 19. 8 20.4 31.6 31.7 31.8 32.0 31.6 31.5 31. 1 31.4 31. 3 30.6 32. 3 33.0 Over 30 months 40.3 39.8 40.0 39.1 39.2 39.5 39.4 38.9 38.3 40. 1 38.8 37.9 Balloon paper Total contracts reported (000) 0.5 0.4 0.4 0.4 0.6 0.4 0.4 0.4 0.4 0.3 0.4 0.3 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 46 45 50 45 45 47 46 49 48 41 48 46 1966 .2 8. 20.3 31.8 39.3 0.4 100.0 556 - Jan. Feb. Mar. Apr. May 8. 1 , 8. 4 8. 8 8. 3 8. 2 . 7. 8 7. 6 7.6 7. 1 7. 0 6. 8 6. 9 21.0 20.5 20.7 20.2 20.5 19.4 18.9 18. 7 19.0 18.4 17.8 17.6 33.3 34.2 34.0 34.3 34.2 34.6 34. 7 34.5 34.5 33.7 33.2 33.7 37.3 36.9 36.6 37.0 37.2 37.8 38.3 38.6 38.9 40. 7 41.5 41.6 0.3 0.4 0.4 0.4 0. 3 0.4 0.4 0.4 0.4 0.4 0.4 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 45 45 45 41 45 • 42 41 42 39 39 40 36 33.2 32.6 33.2 33.0 33.8 33.8 .. 33.7 . 33.9 33.9 31.5 30.4 30.2 42.3 42.7 42.5 42.6 42.3 41.7 42.0 42.3 42.9 44,1 44.2 44.8 0. 3 0.4 0. 3 0. 3 0.3 0.2 • 0.4 0.4 0.5 0.3 0.4 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 41 46 40 43 43 38 46 41 41 41 39 40 33.1 42.8 0.4 100.0 500 July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May July Aug. Sept. Oc t. Dec. 968 6 .8 6 .5 6. 7 6. .8 6, .6 6. .9 6. ,9 6. A .2 6. 6. 3 6.4 6. 2 6. 6 16.6 17. 1 16.9 17.1 17.2 17.4 17.4 17.5 17.6 17.5 . 17.8 18. 1 17.4 Revised March 1969 Dealer Cost Ratios - New Cars (S.A.) (loan as per cent of dealer cost) 90 or 1966 Percentage distribution of contracts Over 91-100 101-105 106-110 110 Total Total reoorte 43.0 42.6 43.0 42.3 42.2 42.2 42.5 43.6 44.3 44.8 44.4 44.6 31.2 30.6 30.9 31.3 31.7 31.8 31.8 31.8 31 9 31.9 32.5 32.7 13.0 13.3 13.3 13.5 13.4 13.5 13.4 13.1 12.7 12.7 12.4 12.0 6.9 7.0 7.0 7.1 7.0 6.9 6.9 6.5 6.1 6.2 6.1 6.1 5.8 6.1 5.8 5.8 5.8 5.6 5.4 5.1 4.8 4.8 4.5 4.6 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 123 121 138 119 116 123 118 127 121 119 120 113 Year 1966 43.4 31.7 13.0 6.6 5.3 100.0 1,460 1967 - Jan. Feb. Mar. Apr. May 44.9 44.0 43.6 44.5 44.6 44.7 45.1 . 44.0 43.9 43.3 43.7 43.3 31.6 32.3 32. 1 31.9 31.8 31.7 31.6 31.6 30.8 31.8 31.9 31.9 12.7 12.7 13.1 12.6 12.9 12.9 12.7 13.3 13.7 14.5 14.2 14.0 6.1 6.3 6.4 6.3 6.1 6.2 6.2 6.5 6.7 6.3 6.0 6.2 4.8 4.6 4.8 4.8 4.7 4.5 4.4 4.7 4.9 4.6 4.2 4.5 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 102 95 102 96 104 104 97 93 94 96 95 85 Feb. Mar. Apr. May July Aug. Sept. Oct. July Aug. Sept. Oct. Nov. Dec. Year 1967 44.2 31.8 13.2 6.2 4.6 100.0 1,166 1968 - Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 44.0 44.6 44.6 44.7 45.1 44.9 45.2 45.4 44.2 43.9 43.5 43.8 31.6 31.8 31.8 31.9 31.5 31.6 31.4 31.4 31.8 32.4 32. 1 32.3 13.7 12.9 13.2 13.2 13.2 13.0 12. 9 12.9 13.2 13.5 14.4 13.6 6.3 6.2 6.2 6. 1 6.2 6.1 6.2 6.0 6.2 6.2 5.9 6.1 4.5 4.4 4.3 4.2 4.0 4.3 4.2 M 4.6 4.3 4.1 4.1 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 104 110 103 109 113 104 126 lio 107 123 103 104 Year 1968 44.6 31.9 13.3 6.2 4.3 100.0 1,319 4. Revised March 1969 Dealer Cost Ratios - Used Cars (S.A.) (loan as per cent of wholesale value) Percentage distribution of contracts Total 90 or less 91-100 101-110 111-120 23.7 23.8 23.9 23.8 23.9 23.2 23.3 23.3 24.0 24.6 23.9 24. 0 25.4 23.2 22.8 23.0 22.8 22.3 22.0 22.3 22.4 22.7 23.8 22.5 23.9 24.2 24.5 23.2 23.4 23.7 23.3 23.5 24. 1 24.1 24.0 24.2 14.5 15.3 15.3 15. 1 15.4 15. 7 15.9 15.9 15.2 15.2 15.2 15.3 13.2 13.6 13.8 14.2 14.0 14.7 14.9 14.6 13.9 13.9 13.9 13.9 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 38 37 40 38 37 38 37 40 40 34 40 38 - Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 23.4 23.1 23.2 23.6 24.5 25.7 26.7 27.0 27.7 27.7 28.2 28.3 22.3 21.8 21.9 22.5 22.9 23.7 24.0 24.0 24.5 25. 1 24.9 25. 7 24.5 24.3 24.3 24.2 24.6 24.0 24.5 24.5 24.8 24. 7 23.9 25.0 15.9 16. 1 15.5 15.4 14.7 14.6 14.2 14.0 13.6 12.8 13.8 12.5 15.3 15.1 15.0 13.8 12.9 11.9 10. 7 10. 7 9.5 8.8 8.4 7.2 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 38 38 37 36 38 36 34 35 33 33 34 29 1967 25.6 23.5 24.5 14.6 11.8 100.0 421 - Jan. Feb. Mar. Ap/r. May June July Aug. Sept. Oct. 28.5 28.3 27.6 26.3 26.9 27.3 26.7 26.6 24.8 25.0 24.4 23.7 25. 1 25.4 25.3 24.5 24.0 24.4 24.5 23. 7 23.5 23. 1 23.6 22.7 26.0 25.2 25.5 25.4 25.4 25.3 25.3 25.4 25.0 25.1 25.9 25.2 12.9 12.8 13.614. 1 14.0 13.5 13. 7 13.9 14.9 15.0 14. 7 15.6 7.9 7.9 8.6 10.0 9.9 9.6 9.9 10.4 11.6 11.9 11.8 12.7 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 34 38 34 36 37 32 38 35 35 34 34 34 26.3 24.2 25.5 14. 1 10.2 100.0 420 Jan. Feb. Mar. Apr. May July Aug. Sept. Oct. Nov. Dec. 1968 120
