View original document

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

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