Full text of G.25 Automobile Loans by Major Finance Companies : May 6, 1969

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FEDERAL
statistical

RESERVE

release

— _T/) *z)i
IrrafehiTte release
May 6, 1969
"
Jlll i /l-l
H luVlH. k
AUTOMOBILE LOANS BY MAJOR.SALES FINANCE COMPANIES
~7 THE PROPORTION OF LONG-TERM USED CAR CONTRACTS
! (OVER 30 MONTHS) REMAINED, CLOSE TO THE HIGH
- JANUARY LEVEL DURING FEBRUARY AND MARCH.

Seasonally adjusted
March 1969
February 1969
January 1969
December 1968

MATURITY DISTRIBUTION - NEW CAR CONTRACTS
24 months 25-30 31-36 Over 36 Balloon !
i Total
months months months
7=
7=
%
7a 1
%
14.3
13.9
13.4
13.4

2.4
2.4
2.6
2.7

82.1
82.6

Seasonally adjusted
March 1969
February 1969
January 1969
December 1968

0.8
0.8
|

0.8

!

0.7

[ 100.0
J 100.0
100.0
! 100.0

.j

112
119
130
114

1

Unadjusted
March 1969
February 1969
March 1968

0.4
0.4
0.4
0.3

83.5
83.2

No. of contracts
reported (000)

13.8
14.2
13.3

2.4
2.6
2.6

82.5
81.9
83.0

0.9
0.4
0.97
0.4
i
°0.4 •

100% 0
100.0
100.0

MATURITY DISTRIBUTION - USED CAR CONTRACTS
18 months 19-24 25-30 Over 30 Balloon
Total
months months months
P
7=
%
%
%
%
6.4
6.1
6.0
6.2

16.1
16.5
15.7
18.1

30.2
29.7

29.7
30.2

46.5
46.2
46.8
44.8

0.3
0.4
0.3
0.4

100.0
100.0
100.0
100.0

111
95
112

No. of contracts
reported (000)

39
41
43
40

Unadjusted
100.0
40
0.3
30.6
48.8
5.8
14.6
March 1969
100.0
35
0.4
50.3
5 .6
14 .5
29.2
February 1969
42
100.0
0.3
33.6
44.7
6.0
15.4
March 1968
Note: Details may not add to totals because of rounding and construction ot seasonal

factors
by sector .



AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES
AFTER A YEAR-LONG DECLINE, THE PROPORTION 0 USED
CAR CONTRACTS WITH LARGER DOWNPAYMENTS TURN ) UP
SLIGHTLY IN FEBRUARY AND ROSE FURTHER DURIN MARCH.

- 55
- 50
- 45
J

DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS
(loan as per cent of dealer cost)
' 90 or
%

'

Seasonally adjusted
March 1969
February 1969
January 1969
December 1968

! 91-:
ioo!IOI- 105 106-110 ! Over 110
1
Total
!
i
7o
: X
%
%
i
i

|
i
!
;

43 .8
44 .0
43 .9
43 .8

No. of contracts
|reported (000)

|

1
.8
.
.6
.
.
•3
.6
.

, 6.3
: 6.1
j 6.1
1
6.1

31 .7
13 .7
.
i 31.4 ; 14 .1
13
.1
.4
i 31

6 .4
6 .5
6 .3

32 .1
1 31 .8
32 •3
32
.3

|
|
I
|

;

13
13
13
13

|
I
;

4.2
4.4
4.4
4.1

103
110
120
104

100 .0
100 .0
100 .0
100 .0

Unadjusted

March 1969
February 1969
March 1968

1

44 .0
43 .2
.8

4 4

4.3
4.7

>

4.4

, 100,-0
i 100..0

I
I

j100.•° 1

103
88
103

DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS
(loan as per cent ol" wholesale value)
90 or 191-100,101-110|111-120;Over 120,
!No. of contracts
less ;
! Total j reported (000)
1
%
; %
%
%
%
:
Seasonally adjusted
March 1969
February 1969
January I9b9
December 1968
Unadjusted
March 1969
February 1969
March 1968

! 24 .9
: 23 .4
, 22 .5
• 23 .7

1
23 •9 j 25.3
24.8
i 22
; 22
.2 i 25.6
' 22 .7 j 25.2

|
24 .2
! 24 .1
26 .9

1

'

Note:
Details may not add to

factors by sector .


!
!

23,.1
22 .5
5

i
!
I 25.4
1

24.8
i 25.6

: 14.6
1 6 .1
j 16.7
| 15 .6
!

1

!
:

14 .5
12 .7

100 .0
100 .0
100 .0
100 .0

33
35
37
34

'

12 .1
13 .1
8.

100 .0
100 .0
100,.0

35
30
36

11 .6

1 13 .8

|
! 15.2
.
' 15.
.5
L4

1

!

1 %
1
I 24'
totals because of rounding and construction of seasonal

G. 25

.-3AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES
DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTALMENT LOANS
MARCH 1969
NEW CARS
(Percentage distribution of contracts)
Not seasonally adjusted

Maturities

Loan as
per cent of
dealer cost
907 or less
917: to 100%
1017 to 105%
1067- to 110^
Over 1107,

24 months

!
;

.

8.5
2.5
1.8
0.3
0.2

25-30
months
1.3
0.6
0.4
0.1
0.1

1
1
|

31-36

months

Over i6
I
| months

33.9
28.2
11.3
5.9.
4.0

0.1'
0.2
0.1

2 .5

13.3

(

:

0.1
°'

Total

Balloon
paper

Total

0.2
0.2
0.2
0.1
0.1

j
:
:

i

i

44.0
31 .7
13.7
6 .4
4.3

5

83.1

0 . 7

1

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% Co 120%
Over 1207
Total

18 months
or less

1

3.3
0.7
0.4
0.2
0.3
4.9

Ma turit ies
25-30
Over 30
months
, months

19-24
months
5 .7
•
|

6.3
/ .d
8.6
4.8
3.4

2.0
1.2
0.9
12.5

:

30.8 ^

| 51. 7

Total

'

8.9
il.y
14.4
9.1
7.5 '

Note: Details may not add to totals because of rounding.
' Less Llian one- tenth o 1 one per cent .




Balloon

|

0 . i

O.i
J

0.2

|
j

24.2
23.1
25 .4
15 .2
12.1
100.0

'