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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 - NEW CAR CONTRACTS 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 Digitizedf afor c t o FRASER r s by s e c t o r . G. 25 -2- AUT0M3BILE LOANS BY MAJOR FINANCE COMPANIES NEW CAR DOWNPAYMENT REQUIREMENTS EASED SOMEWHAT WITH AN INCREASE IN THE PROPORTION OF CONTRACTS ON WHICH THE DEALER COST RATIO EXCEEDED 100 PERCENT. • 28 24 20 16 1969 Seasonally adjusted 1970 1971 1972 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 ) 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 7o % 7. % % September 1972 August 1972 J u l y 1972 June 1972 29.9 30.2 30.8 30.6 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 .25-30 months 8.1 1.4 0.6 0.2 0.2 1.1 0.4 0.3 0.1 10.4 90% or l e s s 91% t o 100% 101% t o 105% 106% t o 110% Over 110% Total Maturities 31-36 Over 36 months months * 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
@FedFRASER