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F E D E R A L R E S E R V E statistical release For immediate r e l e a s e November 12, 1970 . AUT0M3BILE LOANS BY MAJOR FINANCE COMPANIES THE PERCENTAGE OF NEW CAR LOANS WITH LOW DOWNPAYMENTS (DEALER COST RATIO OVER 100%) ROSE MODERATELY IN SEPTEMBER. 26 22 1967 1968 1969 1970 MATURITY DISTRIBUTION - NEW CAR CONTRACTS 25-30 31-36 Over 36 Balloon 24 m o n t h s months months months P "• 7= 7» % % % Seasonally Total adjusted September 1970 August 1970 J u l y 1970 June 1970 12.9 2.6 83.8 0.3 0.3 100.0 13.2 2.5 83.3 0.3 0.6 100.0 13.6 14.1 2.7 2.6 82,9 82.8 0.3 0.3 0.5 0.3 100.0 100.0 11.4 11.2 12.1 2.3 2.2 2.1 86.0 0.3 86.0 0.3 85.2 0.4 0,2 0.4 0.3 100.0 100.0 100.0 Unadjusted September 1970 August 1970 September 1969 MATURITY D I S T R I B U T I O N - USED CAR CONTRACTS 25-30 Balloon 18 m o n t h s 19-24 Over 30 months months months P 7= 7» % % % Seasonally Total adjusted September 1970 August 1970 J u l y 1970 June 1970 5 .8 5.5 5 .6 5.7 15.8 15.9 15.5 15 . 4 31.8 31.4 31.0 31.0 « 48.5 48.8. 48.8 48.2 0.1 0.1 0.1 0.1 100.0 100.0 100.0 100.0 0.1 0.1 0.2 100.0 100.0 100.0 Unadjusted September 1970 August 1970 September 1969 6.5 5.8 18.9 17.6 ' 34.3 34.3 40.2 42.3 6.8 20.2 33.4 39.5 DigitizedNote:FRASER may not add to for D e t a i l s http://fraser.stlouisfed.org/ sector. seasonal factors by Federal Reserve Bank of St. Louis totals because of rounding and c o n s t r u c t i o n of G.25 AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES THE PERCENTAGE OF USED CAR LOANS WITH HIGH DOWNPAYMENTS (DEALER COST RATIO BELOW 100%) CONTINUED THE MARKED UPWARD TREND BEGUN EARLY LAST YEAR. - 50 1967 Seasonally 1969 1968 1970 DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS ( l o a n as per c e n t of d e a l e r c o s t ) j 9 0 or I 91-100 101-105 106-110 Over 110 Total 7= % % i % | ! adjusted I % i « September 1970 August 1970 J u l y 1970 June 1970 j J j j Unadjusted 48.1 48.8 48.1 48.6 31.0 1 J j 11.8 5.3 . 3.4 100.0 5.0 3.2 100.0 31.4 12.1 5.1 3.3 100.0 31.2 j September 1970 August 1970 S e p t e m b e r 1969 11.9 31.5 12.2 4.8 3.1 100.0 32.2 32.2 11.2 11.5 5 .0 4.9 3.4 3.1 100.0 100.0 31.7 12.2 5.7 4.5 100.0 j 48.2 48.4 45.9 J i j DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS 90 Seasonally j j | adjusted 34.4 33.7 33.6 33.2 Unadjusted Details 101-110 111-120 % Over % 120 Total ' % % i j i j may n o t | j 1 | 28.3 28.5 27.9 27.6 23.1 9.7 5.2 100.0 23.4 9.9 5 .2 100.0 23.7 10.0 5.5 100.0 23.9 10.5 5 .6 100.0 23.3 10.1 5 .6 100.0 23.7 10.2 5 .5 100.0 25 .1 13.8 9 .6 100.0 1 j September 1970 August 1970 S e p t e m b e r 1969 91-100 1 September 1970 August 1970 J u l y 1970 June 1970 Note: or less % 33.2 32.5 26.5 add to Digitizedafor a l f a c t o r s by s e c t o r . s e s o n FRASER | | | 28.0 28.0 25.0 totals because of r o u n d i n g and c o n s t r u c t i o n o f AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS SEPTEMBER 1 9 7 0 NEW CARS (Percentage d i s t r i b u t i o n of c o n t r a c t s ) Not s e a s o n a l l y a d j u s t e d Loan as per cent of dealer cost 90% o r 91% t o 24 months 25-30 months 9.2 1,3 0.6 0.2 0.2 11.4 Balloon 0.1 0.1 0.1 0,1 * * 86.0 2.3 Over 36 - months 37.4 30.2 10.5 4.8 3.2 1.5 0.5 0.2 0.1 0.1 less 100% 101% t o 105% 106% t o 110% Over 110%* Total Maturities 31-36 months 0.3 0.2 Total 48.2 32.2 11.2 5 .0 3.4 100.0 USED CARS (Percentage d i s t r i b u t i o n of c o n t r a c t s ) Not seasonally adjusted L o a n as per cent of wholesale value 90% or less 91% to 100% 101% to 110% 111% to 120% Over 120% Total 18 months 19-24 months 9.6 Maturities 25-30 months Over 3 0 months 4.9 0.8 0.5 0.2 0.1 4.9 2.8 1.1 0.6 9.2 10.6 8.9 3.8 1.9 9.4 11.6 11.2 5.1 3.0 6.5 18.9 34.3 40.2 Note: Details m a y not add to totals because of r o u n d i n g . * Less than one-tenth of one per cent. Balloon * 0.1 * 0.1 Total 33.2 28.0 23.3 10.1 5.6 100.0
