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For immediate release May 11, 1971 AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES*" j MARCH FROM FEBRUARY'S SHARPLY REDUCED LEVEL. 90 86 82 w 1968 1969 1970 1971 MATURITY DISTRIBUTION - NEW CAR CONTRACTS 24 months 25-30 31-36 Over 36 Balloon months months months P 7 = • Seasonally adjusted March 1971 February 1971 January 1971 December 1970 Total % % % 15.4 16.8 15.1 11.5 3.2 3.3 2.6 2.3 80.7 79.2 81.8 86.1 0.3 0.2 0.2 0.2 0.4 0.3 0.4 0.7 100.0 100.0 100.0 100.0 , 15.3 17.5 14.1 3.2 3.5 2.6 80.8 78.5 82.7 0.3 0.2 0.3 0.5 0.4 0.3 100.0 100.0 100.0 % Unadjusted March 1971 February 1971 March 1970 Seasonally adjusted March 1971 February 1971 January 1971 December 1970 MATURITY DISTRIBUTION - USED CAR CONTRACTS 18 months 19-24 25-30 Over 30 Balloon months months months P % % % % % Total 5.5 6.1 5.8 5.8 14.5 14.1 14.9 15.6 30.4 29.9 29.4 30.4 49.0 49.0 48.5 48.2 0.1 0.1 0.1 0.1 100.0 100.0 100.0 100.0 5.1 5.5 5.6 12.9 12.3 13.5 30.4 28.5 29.4 51.6 53.7 51.5 0.1 0.1 0.1 100.0 100.0 100.0 Unadjusted March 1971 February 1971 March 1970 Note: Details may not add to totals because of rounding and construction of by sector. seasonal factors AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES THE PROPORTION OF USED CAR CONTRACTS WITH HIGH DOWNPAYMENTS (DEALER COST RATIOS OF 100% OR LESS) EDGED UP DURING MARCH. 1968 1969 1970 1971 DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS (loan as per cent of dealer cost) 90 or 91-100 106-110 Over 110 101-105 Seasonally adjusted March 1971 February 1971 January 1971 December 1970 % - 7 = % Total % 7 o 47.0 46 .0 46.4 46 .5 31.6 32.4 32.0 32.0 13.3 13.8 12.8 12.1 4.9 4.9 5.2 5.7 3.2 3.1 3.5 4.0 100.0 100.0 100.0 100.0 47.3 45.1 47 .3 31.2 32.1 31.0 13.3 14.4 12.9 5.1 5 .2 5.4 3.2 3.3 3 .5 100.0 100.0 100.0 Unadjusted March 1971 February 1971 March 1970 DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS (loan as per cent of wholesale value) 91-100 111-120 Over 120 90 or 101-110 Total less 7 = 7 = 1o % % Seasonally adjusted March 1971 February 1971 January 1971 December 1970 33.9 33.6 33.6 33.3 28.7 28.5 28.6 28.0 24.5 24.0 23.3 23.0 9.6 9.6 9.6 10.1 4 .6 4.6 4.4 4.7 100.0 100.0 100.0 100.0 32.5 33.9 29.0 27.7 28.2 25 .4 24.6 23.9 24.8 10.2 9.6 12 .6 5.1 4.5 8.2 100.0 ' 100.0 100.0 Unadjusted March 1971 February 1971 March 1970 Note: Details may not add to totals because of rounding and construction of seasonal factors by sector, G. 25 -3AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS \ MARCH 1971 NEW CARS (Percentage distribution of contracts) Not seasonally adjusted Loan as per cent of dealer cost Maturities 31-36 months 24 months 25-30 months 9.5 3.1 2.3 0.2 0.1 1.4 1.0 0.8 0.1 0.1 36.3 26.6 10.1 4.7 3.0 15.3 3.2 80.8 90% or less 91% to 1007= 101% to 105% 106% to 110% Over 110% Total Over 36 months ' 0.1 0.1 Balloon * 0.4 * * 0.3 0.5 Total 47.3 31.2 13.3 5.1 3.2 100.0 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 1207, Over 120% Total Maturities 25-30 months Over 30 months Balloon 18 months or less 19-24 months 3.8 0.7 0.3 0.2 0.1 7.5 2.9 1.7 0.6 0.3 8.9 9.5 7.7 3.0 1.3 12.3 14.5 14.9 6.5 3.4 * 12.9 30.4 51.6 0.1 ' 5.1 Note: Details may not add to totals because of rounding. * Less than one-tenth of one per cent. * " Total 32.5 27.7 24.6 10.2 5.1 100.0
