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G.25 For immediate release November 12, 1969 AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES THE PROPORTION OF NEW CAR CONTRACTS WITH MATURIES 31-36 MONTHS INCREASED TO #3.5 PER CENT IN THE THIRD" QUARTER OF 1969, COMPARED WITH 82.7 PER CENT IN THE FIRST HALF OF THIS YEAR. THE PEAK QUARTERLY FIGURE FOR THIS SERIES83.8 PER CENT--WAS REACHED IN LAST YEAR'S THIRD QUARTER. - 86 1 1966 Seasonally adjusted September 1969 August 1969 July 1969 June 1969 I I 1967 1968 d 78 1969 MATURITY DISTRIBUTION - NEW CAR CONTRACTS 24 months 25-30 31-36 Over 36 Balloon months months months Total P 7 = 7 = 70 % % No. of contracts reported (000) v 13.4 12.6 13.3 13.6 2.2 2.2 2.4 2.7 83.3 83.9 83.3 82.5 0.4 0.4 0.4 0.4 0.4 0.6 0.5 0.8 100.0 100.0 100.0 100.0 136 106 120 115 12.1 10.9 10.4 2.1 2.0 2.0 85.2 86.3 86.6 0.4 0.4 0:4 0.3 100.0 0.4 . 100.0 0.6 100.0 121 121 104 Unadjusted September 1969 August 1969 September 1968 Seasonally adjusted September 1969 August 1969 July 1969 June 1969 MATURITY DISTRIBUTION - USED CAR CONTRACTS 18 months 19-24 25-30 Over 30 Balloon months months months Total P 7 = 7 o % 7 , % No. of contracts reported (000) 5.9 5.9 6.2 6.1 17.2 16.9 16.3 16.2 31.4 30.7 31.0 30.8 47.3 47.7 47.3 47.2 0.3 0.2 0.2 0.2 100.0 100.0 ioo. 0 100.0 . 42 37 42 39 6.8 6.3 7.1 20.2 18.6 20.6 33.4 33.2 36.0 39.5 41.7 35.9 0.2 0.2 0.4 100.0 100.0 100.0 38 40 38 Unadjusted September 1969 August 1969 September 1968 Note: Details may not add to totals because of rounding and construction of seasonal factors by sector. G.25 ' ' V -2- AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES THE PROPORTION OF USED CAR CONTRACTS WITH DEALER COST RATIOS OVER 110 PER CENT CHANGED LITTLE THIS SUMMER AFTER A SHARP DECLINE EARLIER IN THE YEAR. 1966 1967 1969 1968 DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS 5 per cent of dealer cost) 90 or 91-100 101-105 106-110 Over 110 No. of contracts Total reported (000) Seasonally adjusted September 1969 August 1969 July 196? June 1969 % % % 45 .8 ' 44.3 43.8 43.6 30.4 31.6 31.6 31.4 13.0 13,2 13.3 14.0 6.1 6.4 6.4 6.3 4.8 4.7 4.9 4.8 100.0 100.0 100.0 100.0 126 99 111 108 45 .9 43.8 44.3 31.7 32.5 33.2 12.2 13.0 12.4 5.7 6.2 5 .8 4.5 4.5 4.3 100.0 100.0 100.0 112 113 95 % % Unadjusted September 1969 August 1969 • September 1968 Seasonally adjusted September 1969 August 1969 July 1969 June 1969 DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS (loan as per cent of wholesale value) No. of contracts 90 or 91-100 101-110 111-120 Over 120 less Total reported (000) 7 = 7, % % % 27.7 27.3 27.1 26.8 25 .3 24.9 24.8 25 .0 24.8 25.6 26.2 25 .9 " 13.4 13.3 13.2 13.2 26^5 26.0 23.7 25 .0 24.6 23.2 25 .1 26.0 25.3 13.8 13.8 15.H 9.0 . 9.1 9.0 9.2 100.0 100.0 100.0 100.0 36 33 36 33 100.0 100.0 100.0 33 35 32 Unadjusted September 1969 August 1969 September 1968 Note: 9.6 9.7 12.4 Details may not add to totals because of rounding and construction of seasonal factors by sector. G.25 -3- " AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS SEPTEMBER 1969 NEW CARS (Percentage distribution of contracts) Not seasonally adjusted Loan as per cent of dealer cost 24 months 90% or less 91% to 100% 101% to 105% 106% to 110% Over 110% Total 25-30 months 8.7 1.5 1.0 0.2 0.2 2.1 Over 36 months 35.7 29.5 11.0 5.4 4.2 1.3 0.5 0.2 0.1 0.1 11.6 Maturities 31-36 . months l - 0.1 0.1 . 0.1 85.8 0.4 Balloon 0.1 0.1 0.1 0.2 Total 45.9 31.7 12.2 5 .7 4.5 100.0 USED CARS (Percentage distribution of contracts) Not seasonally adjusted Loan as per cent of wholesale value 18 months or less 90% or less 91% to 100% 101% to 110% 111% to 120% Over 120% Total 19-24 months Maturities 25-30 months 4.1 0.8 0.4 0.3 0.3 7.3 4.5 3.4 1.8 1.3 7.0 8.8 9.5 5.3 3.6 6.0 18.3 34.1 Note: Details may not add to totals because of rounding. * Less than one-tenth of one per cent. Over 30 months Balloon * 8.2 10.8 11.9 ' 6.4 4.4 * 41.7 0.1 Total 26.5 25.0 25.1 13.8 9.6 100.0
