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*
Jm;

FEDERAL
T

RESERVE

s t a t i s t i c a l

r e l e a s i
For immediate r e l e a s e
November 3, 1972

AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES
" MATURITIES ON USED CAR LOANS LENGTHENED IN
SEPTEMBER AS THE PROPORTION OF CONTRACTS
WRITTEN FOR LONGER THAN 24 MONTHS ROSE.

1970

Seasonally adjusted
September 1972
August 1972
J u l y 1972
June 1972

1971

1972

MATURITY DISTRIBUTION - N W CAR CONTRACTS
E
24 months
25-30
31-36
Over 36
Balloon
months
months
months
P
7
=
%
%
%
%

Total

11.9
11.9
11.9
11.6

2.3
2.2
2.4
2.4

84.0
84.2
84.4
84.8

1.3
0.9
0.7
0.7

0.3
0.3
0.1
0.3

100.0
100.0
100.0
100.0

10.4
9.6
12.0

1.9
1.8
2.2

86.4
87.5
85.5

1.2
1.0
0.2

0.2
0.2
0.2

100.0
100.0
100.0

Unadjusted
September 1972
August 1972
September 1971

Seasonally adjusted
September 1972
August 1972
J u l y 1972
June 1972

MATURITY DISTRIBUTION - USED CAR CONTRACTS
25-30
Over 30
Balloon
18 months
19-24
or l e s s
months
months
months
P
%
%
%
%
%
4.9
4.9
5.1
4.8

12.7
12.7
12.7
12.9

C \ - • I
__^3.3
30.9
52.9
30.7
52 .3
30.7
52.1

5.4
5.0
5.5

15.3
14.1
16.9

34.7
34.5
36.5

*

0.1
0.1
0.1

Tota 1

100.0
100.0
100.0
100.0

Unadjusted
September 1972
August 1972
September 1971
Note:

44.6
46.4
41.0

"

*

0.1
0.1

100.0
100.0
100.0

D e t a i l s may not add to t o t a l s because of rounding and c o n s t r u c t i o n of s e a s o n a l

Digitized aforo FRASERt o r .
f c t r s by s e c


G. 25

-2-

AUT0M3BILE LOANS BY MAJOR FINANCE COMPANIES
N W CAR DOWNPAYMENT REQUIREMENTS EASED SOMEE
WHAT WITH AN INCREASE IN THE PROPORTION OF
CONTRACTS O WHICH THE DEALER COST RATIO
N
EXCEEDED 100 PERCENT. •
28
24

20
16
1969

Seasonally adjusted

1970

1971

1972

DISTRIBUTION OF DEALER COST RATIOS - N W CAR CONTRACTS
E
( l o a n as per c e n t of d e a l e r c o s t )
90 or
91-100
101-105
106-110
Over 110
Total
7
=
%
%
%
7c

September 1972
August 1972
J u l y 1972
June 1972

45.0
45.8
45.9
45.7

31.5
31.4
31.2
31.5

13.6
13.2
13.2
12.6

6.0
5.9
6.0
6.1

4.0
3.8
4.0
4.2

100.0
100.0
100.0
100.0

32.0
32.1
31.3

12.7
12.5
11.4

5.8
5.9
4.9

4.1
3.8
3.2

100.0
100.0
100.0

Unadjusted
45.4
45.8
49.3

September 1972
August 1972
September 1971

Seasonally adjusted

•

DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS
( l o a n as per c e n t of w h o l e s a l e v a l u e )
90 or
91-100
101-110
111-120
Over 120
Total
7
o
%
7.
%
%
29.9
30.2
30.8
30.6

September 1972
August 1972
J u l y 1972
June 1972

27.1
27.3
27 .0
27.6

24.8
25.1
25.0
24.2

11.8
11.5
10.9
10.8

6.4
6.2
6.3
6.9

100.0
100.0
100.0
100.0

29.4
29.4
32.0

26.9
27.1
27.5

24.8
25.5
24.3

12.1
11.7
10.6

6.8
6 .4
5.6

100.0
100.0
100.0

Unadjusted
September 1972
August 1972
September 1971

|
1

Note: D e t a i l s may not add t o t o t a l s because of r o u n d i n g and c o n s t r u c t i o n of
s e a s o n a l f a c t o r s by s e c t o r .




G. 25

-3AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES
DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTALMENT LOANS
SEPTEMBER 1972
NEW CARS
( P e r c e n t a g e 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 c e n t of
dealer cost

24 months
8.1
1.4
0.6
0.2
0.2

1.1
0.4
0.3
0.1

10.4

Maturities
31-36
Over 36
months
months

.25-30
months

90% or l e s s
91% t o 100%
101% t o 105%
106% t o 110%
Over 110%
Total

*

35.9
29.6
11.6
5.5
3.9

0.3
0.5
0.2
,0.1
0.1

1.9

86.4

1.2

.

Balloon
*

0.1

*

0.2

Total
45.4
32.0
12.7
5.8
4.1
100.0

USED CARS
( P e r c e n t a g e 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 c e n t of
wholesale value

18 months

90% or l e s s
91% t o 100%
101% t o 110%
111% t o 120%
Over 120%
Total

19-24
months

Maturities
25-30
Over 30
months
months

*

Total

4.1
0.7
0.3
0.2
0.1

7.5
3.9
2.3
1.1
0.6

8.5
9.9
9.4
4.6
2.3

9.4
- 12.4
12.8
6.3
3.8

*

29.4
26.9
24.8
12.1
6.8

5.4

15.3

34.7

44.6

*

100.0

Note: D e t a i l s may n o t add t o t o t a l s b e c a u s e of r o u n d i n g .
* Less than o n e - t e n t h of one per c e n t .




Balloon