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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


seasonal
factors by sector.


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
%

7o

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