Full text of G.25 Automobile Loans by Major Finance Companies : March 19, 1969

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F E D E R A L
statistical

R E S E R V E

r el e

/ OA
|

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Ou.'T^n: ^ Lc

•For immediate release
- '-Wcti fgr 1969

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, 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=
%
7o
% •
%

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
4,.1
4.-3

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

1
|

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

1.3
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

8..2

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
6..2
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