View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

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=
7o
%
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

Digitizedfactors
for FRASER
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

1.3
0.5
0.2
0.1
0.1

11.6

2.1

Maturities
31-36
. months

l-

Over 36
months

35.7
29.5
11.0
5.4
4.2

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