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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
