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For,.immediate r e l e a s e
" May 22, 1974

[6.25

AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES
THE PROPORTION OF NEW CAR CONTRACTS WITH
MATURITIES EXCEEDING 36 MONTHS IS NOW APPROACHING 5 PER CENT AFTER A SHARP RISE IN
MARCH.

Seasonally adjusted
March 1974
F e b r u a r y 1974
J a n u a r y 1974
December 1973

1973

1972

1971

1974

MATURITY DISTRIBUTION - NEW CAR CONTRACTS
24 months
25-30
31-36
Over 36
Balloon
months
months
months
paper
7o
n
%
• %
%
%
11.1 J
11.7 i
12.3
12.9 1

1°.7
1.8
1.8
2.2

81.8
82.0
82.3
81.2

4.9
4.4
3.9
3.6

0.2
0.3
0.3
0.4

11.1
12.311.4

1.7
2.0
2.4

81.6
81.0
83.8

5 .3
4.4
2.0

0.3
0.3
0.4

Total

100.0
100.0
100.0
100.0

Unadjusted
March 1974
F e b r u a r y 1974
March 1973

Seasonally adjusted
March 1974
F e b r u a r y 1974
J a n u a r y 1974
December 1973

MATURITY DISTRIBUTION - USED CAR CONTRACTS
18 months
25-30
19-24
Over 30
Balloon
months
months
months
P
7o
%
%
%
%
4.7
4.7
4.8
5.5

•

'

100.0
100.0
100.0

Total

13.5
12.0
13.6
' 12.9

30.2
29.6
30.0
29.6

50.2
50.3
50.8
50.8

0.1
0.1
0.2
0.1

100.0
100.0
100.0
100.0

11.3
10.6
11.8

27.4
26.4
27 .8

56.8
58.3
55.7

0.1
0.1
0.1

100.0
100.0
100.0

Unadjusted
March
F e b r u a r y 1974
March 1973
Note:

4.5
4.5
4.6

D e t a i l s may n o t add t o t o t a l s because 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

Digitized
FRASER
f a c t o for
r s by
sector.
http://fraser.stlouisfed.org/
I
Federal Reserve Bank of St. Louis

AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES

I.

THE PROPORTION OF USED CAR CONTRACTS WITH
LOW DOWNPAYMENTS (DEALER COST RATIOS OVER
100 PER CENT) ROSE IN M^RCH.

1971

Seasonally a d j u s t e d
March 1974
F e b r u a r y 1974
J a n u a r y 1974
December 1973

1972

1973

^

1974

DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS
( l o a n as per c e n t of d e a l e r c o s t )
90 or
91-100
100-105
106-110
Over 110
less
Total
7=
7=
7.
%
%
44.8
44.8
42.8
41.6

32.3
31.9
31.6
32.1

12.8
12.6
13.5
14 .7

6.0
6.2
7.0
6.8

4.4
4.5
4.7
4.9

44.6
43.9
43.5

31.9
32.0
31.4

13.1
13.1
14.0

6.0
6.4
6.5

4.4
4.6
4 .6

•

100.0
100.0
100.0
100.0

Unadjusted
March 1974
F e b r u a r y 1974
March 1973

Seasonally adjusted
March 1974
F e b r u a r y 1974
January 1974
December 1973

100.0
100.0
100.0

DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS
( l o a n as per c e n t of w h o l e s a l e v a l u e )
Over 120
91-100
101-110
111-120
| 90 or
1
Total
less
*
7=
7o
/
7o
7»
%
31.9
33.0
33.6
30.1

27.9
27.9
27.1
26.3

24.2
23.3
23.3
24.7

10.5
10.3
10.4
12.3

31.2
33 .8
30.4

27.4
27.6
27 .6

24.7
23.2
25 .0

10.9
10.3
11.5

5.7
5 .5
5.8
7.0

100.0
100.0
100.0
100.0

Unadjusted
March 1974
F e b r u a r y 1974
March 1973

5.9
100.0
5.2
100.0
5 .7
100.0
Note: D e t a i l s may not add t o t o t a l s because of rounding and c o n s t r u c t i o n of s e a s o n a l

f a c t o r s by s e c t o r .
i



G.25

-3AUTOMOBILE LOANS AT MkJOR FINANCE COMPANIES
DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTALMENT LOANS
MARCH 1974
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 as
per c e n t of
dealer cost

24 months

25-30
months

Maturities
31-36
months

Over 36
months

7.1
2.5
1.2
0.2
0.2

1.0
0.4
0.3
0.1
0.0

35.1
26.9
10.6
5.2
3.8

1.4
2.0
1.0
0.5
0.4

11.1

1.7

81.6

5.3

90% or l e s s
917= to 100%
101% t o 105%
106% t o 110%
Over 110%
Total

Balloon
*

0.2

*

0.3

Total
44.6
31.9
13.1
6.0
4.4
100.0

USED 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 as
per c e n t of
wholesale value
90% or l e s s
91% to 100%
101% t o 110%
111 t o 120%
Over 120%
Total

|
18 months

19-24
months

Maturities
25-30
months

3.5
0.5
0.3
0.1
0.1

6.5
2.6
1.4
0.6
0.3

7.9
8.1
7.0,
2.8
1.5

13.4
16.1
16.0
7.4
4.0

*

4.5

11.3

27.4

56.8

0.1

;

Note: D e t a i l s may not add to t o t a l s b e c a u s e of r o u n d i n g .
* Less than o n e - t e n t h of one per c e n t .




Over 30
months

Balloon

Total
31.2
27.4
24.7
10.9
5.9
100.0