Full text of G.25 Automobile Loans by Major Finance Companies : March 23, 1973

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FEDERAL
'•

R E S ER V E

statistical

f^AL

re I
For

a se

in e d i a t e
Mc c h 2 3 ,

release
1973

AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES
MATURITIES ON NEW CAR LOANS WERE STABLE IN
JANUARY AS THE PROPORTION OF CONTRACTS WITH
3 1 - 3 6 MONTH TERMS WAS VIRTUALLY UNCHANGED.
90
85
80
1970

Seasonally adjusted
J a n u a r y 1973
D e c e m b e r 1972
N o v e m b e r 1972
O c t o b e r 1972

1971

1972

MATURITY D I S T R I B U T I O N - NEW CAR CONTRACTS
j O v e r 36
Balloon
25-30
I 24 m o n t h s ,
j
31-36
months
I months
l months
%
i
%
^ %
%
;
%

|

i

.2
.9
.2
.5

.6
.9
.0

2 .r

83.8
83.9
83.5
83.6

! iii
!

K

3

0 .2
0 .3
0 .3
0 , .2

100.0
100.0
100.0
100.0

0.3
0.4
0.3

100.0
100.0
100.0

|
13.0
13.9
12.9

3 .0
3 .3
3 .0

J

82.3
81.0
83.4

1.5
1.4
0.4

MATURITY DISTRIBUTION - USED CAR CONTRACTS
19-24
25-30
O v e r 30
Balloon
18 m o n t h s
months
months
months
P
%
%
%
% .

%

Seasonally adjusted
J a n u a r y 1973
December 1972
N o v e m b e r 1972
O c t o b e r 1972

Total

I
12
11
12
12

Unadjusted
J a n u a r y 1973
December 1972
J a n u a r y 1972

1973

4.8
5.2
5.1
5 .0

13.1
15.3
15.5
14.5

35.5
37.4
37.6
39.6

46.9
42.4
42.0
41.9

5 .0
5.8
5.8

12.3
17.1
14.4

32.5
34.6
33.3

50.2
42.4
46.5'

'

Total

0.1 .
0.1
0.2
0.1

100.0
100.0
100.0
100.0

0.1
0.1
0.1

100.0
100.0
100.0

Unadjusted
J a n u a r y 1973
D e c e m b e r 1972
J a n u a r y 1972

Note:
t a i l s may n o t a d d t o t o t a l s
Digitized
forD eFRASER
f a c t o r s by s e c t o r .


b e c a u s e of r o u n d i n g a n d c o n s t r u c t i o n of

seasonal

-2-

AUTOMOBILE LOANS BY m J O R FINANCE COMPANIES
THE PROPORTION OF NEW CAR LOANS WITH LOW
DOWNPAYMENTS (DEALER COST RATIOS OVER 100%)
ALSO SHOWED LITTLE CHANGE DURING JANUARY.
30
25

20

1970

1971

1972

1973

DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS
( l o a n a s p e r c e n t of d e a l e r c o s t )
Over 110
106-110
91-100
101-105
90 o r
Total
less
7
=
7
=
70
X
%
Seasonally adjusted
J a n u a r y 1973
December 1972
November 1972
' ^ c t o b e r 1972

43.9
43.6
43.3
43.6

30.7
31.4
31.7
31.7

13.9
14.1
14.4
14.1

6 .6
6.4
6.4
6.2

4.5
4 .6
4.7
4.3

100.0
100.0
100.0
100.0

43.5
43.2
48.0

30.7
31.0
31.1

14.5
14.4
12.1

6 .6
6 .6
5.1

4.8
4.9
3.8

100.0
100.0
100.0

Unadjusted
J a n u a r y 1973
December 1972
J a n u a r y 1972

DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS
( l o a n a s p e r c e n t of w h o l e s a l e v a l u e )
Over 120
111-120
101-110
91-100
90 o r
Total
7=
7
=
7,
%
%
Seasonally adjusted
J a n u a r y . 1973
December 1972
November 1972
O c t o b e r 1972

30.5
29.7
29.6
29.3

26.6 26.5
26.0
26.0

25.6
25.3
24.9
25.2

11.9
12.0
12.4
12.4

5.8
7.0
7.0
7.5

100.0
100.0
100.0
100.0

31.7
31.7
37.3

26.8
26.7
27.9

24.6
24.1
21.3

11.5
11.1
9.2

5.5
6.5
4.4

100.0
100.0
100.0

Unadjusted
J a n u a r y 1973
December 1972
J a n u a r y 1972

N o t e for
:
DFRASER
e t a i l s may n o t add t o t o t a l s
Digitized
f a c t o r s by s e c t o r .


b e c a u s e of r o u n d i n g and c o n s t r u c t i o n of s e a s o n a l

G .25

-3AUTOMOBILE LOANS BY MJOR FINANCE COMPANIES
DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTALMENT LOANS
JANUARY 1973
NEW CARS
( P e r c e n t a g e d i s t r i b u t i o n of c o n t r a c t s )
Not s e a s o n a l l y a d j u s t e d

Loan a s
p e r c e n t of
dealer cost

24 m o n t h s

90% or l e s s
91% t o 100%
rtH7= t o 105%
106% t o 110%
Over 110%
Tota 1

25-30
months

Maturities
31-36
months

Over 36
months

8.4
2.5
1.7
0.3
0.2

1.1
0.7
1.0
0.2
0.1

33.7
26.8
11.6
5.9
4.4

0.4
0.5
0.3
0.2
0.2

13.0

3.0

82.3

1.5

Balloon
,

Total

*
0.2
r.

0.3

43.5
30.7
14.5
6 .6
4.8
100.0

( P e r f e n t a ^ e d i s t r i b u t i o n of c o n t r a c t s )
Not s e a s o n a l l y a d j u s t e d
Loan a s
p e r c e n t of
wholesale value

Maturities
25-30
months

Over 30
months

18 m o n t h s

19-24
months

3.8
0.6
0.3
0.1
0.1

7.1
2.6
1.6
0.7
0.3

9.3
9.7
8.3
3.5
1.7

11.5
' 13.8
14.4
. 7.1
3.4

5.0

12.3

32.5

50.2

90% o r l e s s
91% t o 100%
101% t o 110%
111% t o 120%
Over 120%
Total

Note:
D e t a i l s may n o t add t o t o t a l s b e c a u s e of r o u n d i n g „
* L e s s t h a n o n e - t e n t h of one p e r c e n t .




Balloon

*

*

0.1

Total
31.7
26.8
24.6
11.5
5 .5
100.0

1.
R e v i s e d March 1973
M a t u r i t i e s - New C a r s
(Seasonally Adjusted)
P e r c e n t a g e d i s t r i b u t i o n of c o n t r a c t s
24 months
25-30
31-36
Over 36
or l e s s
months
months
months
• Jan.
Feb.
Mar .
Apr .
May
July
Aug.
Sept.
Oct.

14.0
14.2
14.0
13.8
14.0
14.2
13.9
13 .9
13.0
10.9
10.3
11.6

2.5
2.6
2.5
2.6
2.6
2.7
2.7
2.7
2.3
2.3
2.4

82.2
82.3
82.9
83.1
82.7
82.7
82.7
82.7
83.6
86.6
87 .2
85 .7

0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.-2
0.2
0.2

83.9

0.3

81.6

0.2
0.2
0.3,
0.3
0.3
0.3
0.3
0.2
0.2
0.2
0.2
0.3

B a l l o t ) rt
paper

0.6
0.5
0.3
0.3
0.4
0.4

0.6

100.0
100.0

100.0
100.0
100.0
100.0
100.0

100.0

0.6
0.3
0.5
0.6
0.5

100.0
100.0
100.0
100.0

0.4
0.4
0.4
0.3
0.4
0.3
0.3
0.3
0.3
0.4
0.2
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

100.0

Year 1970

13.0

1971 - J a n .
Feb .
Mar .
Apr .
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec .

15 .3
1*6.6
15 . 1
13.7
13.3
13.1
13.1
13.0
13.7
13.2
13.1
13.0

2.5
3.1
3.2
2.9
2.9
2.8
2.6
2.6
2.6
2.8
2.7
2.8

79.6
81.1
82.8
83.1
83.6
83.7
83.6
83.1
83.4
83.9
83.9

Y e a r 1971

13.7

2.8

83.1

0.3

0.4

100.0

0.4
0.5

0.2
0.3
0.3
0.3
0.3
0.3

100.0

1972 - J a n .
Feb .
Mar.
Apfr.
May
June
July
Aug.
Sept.
Oct.
Nov.

12.1
11 .8
11.5
11.7
12.0
11.7
11.9
11.9
11.9
12.5
12.2
11.9

2.6
2.8
2.5
2.5
2.3
2:4
2.4
2.3
2.3
2.7
3.0
2.9

85 .0
84.9
85.2
84.8
84.6
84.7
84.4
84.1
84.0
83.6
83.5
83.9

0.6
0.7
0.8
1.0
1.2
1.3
1.4
1.6

0.1

100.0
100.0

0.3
0.3
0.2
0.3
0.3

100.0
100.0
100.0
100.0

Y e a r 1972

11.9

2.6

84.5

0.9

0.3

100.0




0.6
0.6

100.0
100.0
100.0

100.0
100.q

2.
R e v i s e d March 1973
M a t u r i t i e s - Used C a r s
(Seasonally Adjusted)
P e r c e n t a g e d i s t r i b u t i o n of c o n t r a c t s
18 m o n t h s
19-24
25-30
Over 30
or l e s s
months
months
months

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

Feb .
Mar.
Apr.
May
July
Aug.
Sept.
Oct.
Nov.
Dec .

1972
Feb.
Mar.
Apr.
May
July
Aug.
Sept.
Oct.
Nov.

Year 1972

Balloon
paper

6.5
6.0
5.9
5.7
5.8
5.9
5.7
5.7
5.9
5 .8
5 .9
5.7

17.0
16.9
15.3
15.3
15.8
15.8
15.9
16.1
15.7
15.4
14.9
14.8

30.3
30.2
29.8
30.3
30.6
30.9
30.9
31.0
30.8
29.9
29.8
29.8

5.9

15.7

30.7

47.8

0.2

100.0

5.6
5.9
5.4
5.5

14.5
14.1
14.7
14 .6
15.8
14.0
14.0
13.9
14.0
14.0
14.7
14.8

29.7
30.2
30.9
32.2
26.0
32.4
32.4
32.7
32.6
32.8
33.2
33.6

49.8
49.4
48.5
47.8
52.4
48.2
48.5
48.7
48.7
47.9
46.9
46.2

0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1

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

6.0
5.3
5.1
5 .2
5.1
5 .3
5.0
5.3

45.7
46.9
48.5
48.7
47.9
47.5
47.8
47.8
47.8
48.4
48.7
49.2

0.3
0.1
0.1

0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1

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

5.4

14.6

32.2

48.0

0.1

100.0

5.6
5.4
5 .4
5.2
4.8
4.9
5.1
5.0
5.0
5.0
5.1
5.2

15.4
13.3
13.5
13.6
13.1
13.1
13.0
13.0
12.7
14.5
15.5
15.3

36.4
32.0
'32.2
31.8
31.3
30.7
31.0
31.2
31.0
39.6
37.6
37.4

43.4
49.1
48.4
49.1
50.5
51.3
51.4
52.3
53.0
41.9
42.0
42.4

0.1
0.1
0.1
0.1
0.2
0.1
0.1
0.1
0.1
0.1
0.2
0.1

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

5.2

13.9

33.4

47.7

0.2

100.0




R e v i s e d March 1973
D e a l e r C o s t R a t i o s - New C a r s
(Loan a s p e r c e n t of d e a l e r c o s t )
(Seasonally Adjusted)

90 o r
less

91-100

1970 - J a n
Feb .
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec .

44:7
46.3
47.3
48.2
48.4
48.3
47.9
48.4
47.6
47.7
46.4
46.4

32.0
31.9
31.3
31.5
31.4
31.4
31.6
31.5
31.6
31.9
32.4
32.1

Y e a r 1970

47.6

1971

46.6
46.3
47.4
47.8
48.3
48.2
47.8
47.7
48.6
49.0
49.0
48.5
48.1

31.5

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

Y e a r 1971
1972 - J a n .
Feb.
Mar .
Apr.
May
July
Aug.
Sept.
Oct.
Nov.

48.4
47.9
46.5
45.8
45.4
45.6
45.8
45.8
44.7
43.6
43.3
43.6

Y e a r 1972




Total
106-110

110

13.2
12.9
12.6
12.3
12.2
12.3
12.3
12.1
12.0
11.4
12.0
12.3

5.7
5.2
5.3
4.8
4.9
4.8
5.0
4.9
5.2
5.4
5.8
5.6

3.9
3.6
3.5
3.2
3.1
3.1
3.2
3.2
3.4
3.5
3.8
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

31.8

12.3

5.2

3.4

100.0

31.9
31.9
31.5
31.1
31.5
31.7
31.7
31.8
30.8
31.2
31.4
31.2

12.6
13.8
13.0
12.6
12.4
12.0
12.3
12.2
12.3
12.3
12.3
12.2

5 .3
5.0
5.0
5.1
4.9
4.9
4.9
5.1
5.1
4 .6
4.8
5.0

3.4
3.2
3.2
3.3
3.1
3.2
3.3
3.4
3.2
2.9
3.1
3.4

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

12.5

5.0

3.3

100.0

5.1
5.3
5.6
5.8
6.0
6.1
5.9
6.0
6.1
6.2
6 .4
6 .4

3.5
3.6
3.8
4.1
4.3
4.1
4.0
4.0
4.1
4.3
4.7
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

31.1
31.2
31.7
31.4
31.5
31.5
31.2
31.4
31.5
31.7
31.7
31.4

101-105

*

11.6
12.1
12.4
12.8
13.1
12.8-*
13.2
13.3
13.7
14.1
14.4
14.1

100.0

R e v i s e d March 1973
D e a l e r C o s t R a t i o s - Used C a r s
(Loan a s p e r c e n t of w h o l e s a l e v a l u e )
(Seasonally Adjusted)
P e r c e n t a g e d i s t r i b u t i o n of c o n t r a c t s
90 o r
less

91-100

101-110

111-120

Over
120

28.3
29.2
30.2
31.5
32.4
32.6
33.2
33 .5
33.9
32.7
32.4
33.1

26.1
25.9
26.2
27.1
27 .6
27.4.
27 .7
28.1
28.1
27.9
26.8
28.1

25.1
25.1
24.4
23.5
23.5
23.7
23.4
23.2
23.4
23.4
24.0
23.6

12.7
12.3
11.9
11.0
10.8
10.7
10.3
10.0
9.8
10.2
10.4
10.2

8.3
7.8
7.5
7.0
6.1
5 .7
5.6
5.3
5.2
5.2
5.2
4.8

100.0
100.0

Y e a r 1970

31.8

27.3

24.0

11.0

6.3

100.0

1971 - J a n .
Feb .
Mar .
Apr.
May

33.7
33.5
33.8
33.6
36.4
32.8
32.2
32.2
32.6
33.0
33.3
34.1

28.5
28.5
28.5
28.1
27.7
27.8
28.2
27.8
27.6
28.0
27.9
27 .9

23.6
23.9
24.2
24.2
23.1
24.1
23.9
24.1
24.5.
23.5
22.9
22.6

9.7
9.6
9.6
9.9
9.0
10.3
10.5
10.4
10.3

100.0
100.0

10.0
10.1

4.5
4.6
4.7
4.6
4.4
5.3
5.2
5 .6
5.2
5.0
5 .0
5.0

100.0
100.0
100.0
100.0
100.0
100.0
100.0

33.3

28.0

23.8

10.1

5.1

100.0

35.9
33.2
32.4
31 .5
29.8
30.8
30.9
30.3
29.9
29.3
29.6
29.7

27.7
27.8
28.0
27.3
27.6
27.6
27 A
27.1
27.0
26.0
26.0
26.5

22.2
23.5
24.0
24.3
25.2
24.1
24.8
24.9
25.0
25 .2
24.9
25.3

9.6
10.6
10.9
11.2
11.3
10.9
11.0
11.5
11.8
12.4
12.4
12.0

4.6
5.2
5.2
5.8
6.1
6.7
6.1
6.2
6.3
7.5
7.0
7 .0

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

31.0

27.2

24.6

11.4

6.2

100.0

1970 - J a n .
Feb.
Mar .
Apr.
May
July
Aug.
Sept.
Oct.
Nov .
Dec .

July
Aug.
Sept.
Nov.
Dec .

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




10.0

100.0
100.0
100.0

100.0
100.0

100.0
100.0
100.0
100.0

100.0

100.0
100.0

100.0

100.0