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FEDERAL RESERVE /3V J W w a . , e ^ ^ ^ n i U w a f d l a t e release AUTOMOBILE LOANS BY MAJOR SALES > USED CAR CONTRACTS WITH LONGER THAN 2 YEAR MATURITY / HAVE INCREASED SINCE LAST SPRING I ¥ MATURITY DISTRIBUTION - NEW CAR CONTRACTS 24 months | 25-30 or less months monthsjmonths i paoer i Total % % | % ' % 1 % ! Seasonally adjusted September 1967 August 1967 July 1967 June 1967 Unadjusted September 1967 August 1967 September 1966 Seasonally adjusted September 1967 August 1967 July 1967 June 1967 Unadjusted September 1967 August 1967 September 1966 | 14.3 13.8 14.1 14.0 81.8 2.6 2.7 82,2 2.9 1 , 81.8 1 2.8 i 82.1 .12.6 12.0 13.8 0.6 0.7 0.6 O.b ! J | '• : ; 84.0 0.5 84.6 0.6 82.3 | 0.5 | : 1 2.4 2.4 3.0 ! | | . i j | 0.7 ' 100.0 0.6 ' , 100.0 0.6 100.0 0.5 100.0 j 0.5 0.4 j 0.4 Note: Monthly data available on 22 •2 20 24 .2 36 .6 37 .2 33 0. 3 32. 33..8 j 0,.3 32.•5 | 0,.3 request for years 1960-66. 104 105 105 115 j I 100.0 ! 100.0 | 100.0 MATURITY DISTRIBUTION - USED CAR CONTRACTS 18 months 19- 24 25- 30 i Over 30 Balloon Total months month s jmonths P 7= 7, % % 1 1 i 100 .0 19 .7 1 35 / j ' 3~.6 ! 0 • 4 7.2 19 .0 | 35 37 .6 , ,|• 0 .4 ; 100 .0 •° 7.9 •j 37 , 0..5 | 100 .0 19 •3 ! 35 7.9 , | 100 .0 19 .8 , 15 36 .5 . , 0 •5 8.0 1 i 8.2 8.0 9.9 No. of contracts reported (000) 100..0 100..0 100..0 92 116 118 No. of contracts reported (000) 39 45 41 43 36 45 44 G.25 AUTOMOBILE LOANS BY M U O R : SALES FINANCE COMPANIES DURING THE SAME PERIOD, HOWEVER,THE PROPORTION OF USED CAR CONTRACTS WITH A DEALER COST RATIO OF 100% OR LESS HAS RISEN RAPIDLY - 50 1965 Seasonally adjusted September 1967 August 1967 July 1967 ' June 1967 Seasonally adjusted September 1967 August 1967 July 1967 June 1967 1967 r DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS (loan as per cent of dealer cost) j 90 or 91-100 101-105 106-110 Over 110 No. of contracts Total reported (000) 7= 7o 7a % % 43.8 44.1 4 5 .4 44.6 30.8 31.3 31.3 31.7 13.5 13.1 12.7 12.9 7.0 6.6 6.2 6.2 4.9 4.9 4.4 4 .6 100.0 100.0 100.0 100,0 96 93 96 105 32.2 32.6 33.4 12.9 13.1 12.0 6.3 6.3 5.7 4 .6 4.5 4.5 100.0 100.0 100.0 84 106 107 ! Unadjusted September 1967 August 1967 September 1966 1966 44.0 4 3 .5 44.4 DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS (loan as per cent of wholesale value) No. of contracts j 90 or 91-100 101-110 111-120 Over 120 Total reported (000) 7= 7, % % % 1 27.9 27 .3 26.9 25 .6 24.3 23.6 24.2 23.7 24.8 24.4 24.2 23.8 13.6 13.9 14.2 14.7 9.4 10.8 10.5 12.2 100.0 100.0 100.0 100.0 33 36 35 36 26.5 25.6 23.0 24.3 23.7 22.2 25.1 24.9 24.4 14.0 14.5 15.6 10.1 11.3 14.8 100.0 100.0 100.0 30 37 36 Unadjusted September 1967 August 1967 September 1966 AUT0M3BILE LOANS BY MAJOR SALES FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS SEPTEMBER 1967 (Percentage distribution of contracts) Not seasonally adjusted per cent of dealer cost Maturities | 24 months j 25-30 31-36 • Over 36 months. months months 90% or less 917= to 100% 101% to 105% 106% to 110% Over 110% Total 9.5 1.6 0.5 0.2 _0^2 1.6 0.5 0.2 0.1 _0A 32.6 29.8 12.1 6.0 ' 4.3 11.9 2.4 84.8 Balloon 0.1 0.2 0.1 0.1 0.1 0.1 0.1 — — 0.5 0.4 * Total 44.0 32.2 12.9 6.3 4.6 100.0 USED CARS (Percentage distribution of contracts) Not seasonally adjusted Loan as per cent of wholesale value 90% or less 91% to 100% 101% to 110% 111% to 120% Over 120% Total j 18 months or less 19-24 months Maturities 25-30 Over 30 months months Balloon 4.5 1.0 0.6 0.3 _CL4 8.2 4.9 3.8 2.0 1.3 8.0 9.9 10.6 5.8 5.9 8.4 9.9 5.9 4.2 0.1 6.8 20.2 38.5 34.3 0.2 Note: Details may not add to totals because of rounding. *Less than one-tenth of one per cent. * * Total 26.6 24.3 . 25.0 14.0 10.1 100.0
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