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For immediate release
9j 1967
AUTOMOBILE qOANS BY MAJOR SALES FINANCECOMPANIES
DESPITE EASIER MONEY, USED CAR CONTRACTS WITH LONG
MATURITIES (30 MONTHS +) FLAVE DECLINED SINCE NOVEMBER

Seasonally adjusted
March 1967
February 1967
January 1967
December 1966

MATURITY DISTRIBUTION - NEW CAR CONTRACTS
24 months 25-30 31-^6 Over 36 Balloon
months months months
paper
%
%
%

i

%

13.2
13.6
13.2
15.0

2.9
2.9
3.1
3.1

13.2
14.3
15.2

3.0
3.1
3.3

82 8
82L5
82 L 5
801.7

No. of contracts
reported (000)

0.4
0.4
0.4
0.5

0.7
0.6
0.8
0.7

100.0
100.0
100.0
100.0

112
103
108
124

0.4
0.5
0.5

0.7
0.7
0.7

100.0
100.0
100.0

112
84
152

Unadjusted
March 1967
February 1967
March 1966

Seasonally adjusted
March 1967
February 1967
January 1967
December 1966

MATURITY DISTRIBUTION' - USED CAR CONTRACTS
18 months 19-24 25 - 30 Over 30 Balloon
j
months moriths months
paper
Total
%
%
%

|

7o

No. of contracts
reported (000)

8.7
8.3
8.1
8.2

20.9
20.5
21.1
21.3

34.4
34.5
33.4
3?. 7

35.6
36.3
37.1
37.4

0.4
0.4
0.3
0.4

100.0
100.0
100.0
100.0

46
45
45
46

7.9
7.8
7.1

18.8
18.0
17.9

3^.3
33.5
32.0

38.6
40.3
42.6

0.4
0.4
0.4

100.0
100.0
t 100.0

47
39
52

Unadjusted
March 1967
.February 1967
March 1966

Monthly data available on request fjor years 1960-66.




•

G.25
AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES
USED CAR CONTRACTS WITH LOA N-VALUE RATIOS OF 100% ;
OR LESS, HOWEVER, HAVE DECL INED SHARPLY DURING THE
FIRST QUARTER

DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS
(Joan . s per ce nt of dealer cost)
i
.
No. of contracts
90 or 9i-ioo; 101-105
reported (000)
less
%
Seasonally adjusted
43.5
44.1
45.3
44 .5

32.2
32.3
31.2
32.9

43.8
43.3
43.1

March 1967
February 1967
January 1967
December 1966

31.7
32.0
30.6

12.1

6 .4
6.3
6.0
6,0

4.9
4.5
4.8
4.5

100.0
100 . 0
100,0
100.0

101
93
97
113

13.1
13.2
13.3

6.5
6 .6
7.1

4.9
4.9 .
5.9

100.0
100.0
100.0

102

13.0
12.8

12.7

Unadjusted
March 1967
February 1967
March 1966

j

76
138

DISTRIBUTION OF DEALERS COST RATIOS - USED CAR CONTRACTS

Seasonally adjusted
March 1967
February 1967
January 1967
December 1966
Unadjusted
March 1967
February 1967
March 1966

;.90 or | 91-100.101- 110 111-120 Over 120
I less
%
%
%
I
!
%
1

1o

Total

No. of contracts
reported (000)

22.3
! 22.5
j 23.3
' 24.8

21.6
21.6
21.9
' 22.9

24.
•2
24.
.3'
24. i
.4
24. 5 j
.

16.0
16.2
15.5
14.9

15.
.9
15.
.4
.9
14.
12.
,9

100.0
100.0
100.0
100.0

37
38
37
38

! 22.7
1 24.0

j 21.3
| 22.1
22.2
j

24.
.!
24. 2
24. 5
.1

A

16 J
15.4
15.7

15.5
14.3
14.0

100.0
100.0
100 . 0

40
33
43

| 1
1




4

AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES
DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTALMENT LOANS
MARCH 1967
NEW CARS
(Percentage distribution of contracts)
Not seasonally adjusted
Loan as
per cent of
dealer cost
90% or less
91% to 100%
101% to 105%
106% to 110%
Over 110%
Total

Maturities
24 months | 25-30 | 31-36
,months jmonths months

1

9.8
1.7
0.6

1

0.2

j

12 .5

1

0.2

j

j

'

' 32.0
' 28.8
12.1
j
6.1
! 4.5

0.1
0.2
0.1

0.1
0.2
0.1

0.1

O.I

r

43.8
31.7
13.1
6.5
4.9

3.0

j 83.6

0.5

0.4

j

100.0

Balloon
paper

j
i

Total

0.1
°;1

1
i

0.1

1c

'

Total

0.1

1

:

1.7
l)H
'.
0.3

Balloon

1
1

USED CARS
(Percentage distribution of contracts)
Not seasonally adjusted
Loan as
j
Maturities
per cent of
j 18 months j 19-24 |25-30 Over 30
wholesale value j
1 months jmonths months
90% or less
91% to 100%
101% to 110%
111% to 120%
Over 120%
Total

j
I
j

|

4.2
1.0
0.7
0.4
0.6

j

6.0
3 .6
! 3.3
2.0
! 2.2

6.9

! 17.0

1

! 6.0
1 7.9
! 9.5
i 6.2

6.4
8.8
10.9
7.5

1
| 35.0

40.8

-LI Jhl

-0J:

1

0.3

j

Note: Details may not adu to totals because of rounding.
"Less than one-tenth of ;one per cent .




22.6
21 .4
24.4
16.1
15.5 '
100.0

nt