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F E D E R A L R E S E R V E statistical release F".r late release O c t o b e r - J , 1V74 AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES THE PROPORTION OF USED CAR CONTRACTS WITH MATURITIES EXCEEDING 30 MONTHS DECLINED IN AUGUST AFTER A SHARP ADVANCE IN JULY. 1971 1972 1973 1974 MATURITY DISTRIBUTION - NEW CAR CONTRACTS Over 36 Balloon 31-36 25-30 24 months months months months P % % % % % Total Seasonally adjusted A u g u s t 1974 J u l y 1974 J u n e 1974 May 1974 11.1 10.5 10.3 10.5 1.9 1.8 1.7 1.7 77.2 7815 79.8 80.6 9.0 8.4 6.8 6.0 0.2 0.4 0.3 0.4 100.0 100.0 100.0 100.0 8.9 8.8 9.0 1.5 1.5 1.7 80.1 80.9 85.7 9.4 8.7 3.4 0.2 0.2 0.2 100.0 100.0 100.0 Unadjusted A u g u s t 1974 J u l y 1974 August 1973 1 ; MATURITY DISTRIBUTION - USED CAR CONTRACTS Balloon Over 30 25-30 19-24 | I S months months months months 7= 7. 7. % % Seasonally adjusted A u g u s t 1974 J u l y 1974 J u n e 1974 May 1974 Total i ! 4.4 4.3 4.4 4.2 , 13.6 13.3 13.3 13.4 29.6 1 29.4 | 30.0 30.0 13.8 12.5 14.0 29.8 29.5 32.1 j 51.9 53.4 52.2 51.8 0.1 0.1 0.1 0.2 100.0 100.0 100.0 100.0 52.0 53.8 49.0 0.1 0.1 0.1 100.0 100.0 100.0 Unadjusted A u g u s t 1974 J u l y 1974 A u g u s t 1973 j j I 4.4 4.1 4.8 N ofor t e : FRASER D e t a i l s may n o t add t o Digitized f a c t o r s by s e c t o r . t o t a l s b e c a u s e 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 G.25 -2AUTOMDBILE LOANS BY MAJOR FINANCE COMPANIES THE PROPORTION OF NEW CAR CONTRACTS WITH LOW DOWN PAYMENTS v*UEALL?v COST RATIOS OVdF, .00 PER CENT) HAS BEEN VERY STABLE IN RECENT MON'i.iS . 30 25 20 1971 1972 1973 1974 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 ) 100-105 106-110 Over 110 90 or 91-100 Total 7= 7, 7, % % Seasonally adjusted August 1974 J u l y 1974 June 1974 May 1974 45.5 45.2 45.3 44.6 32.3 32.9 32.7 33.0 12.9 12.7 12.7 12.8 5.5 5.5 5.6 5 .8 3.6 ' 3.7 3.8 3.9 46.1 45.0 44.0 33.0 33.5 32.5 12.1 12.4 13.1 5.4 5.5 6.2 3.4 3.6 4.4 100.0 100.0 100.0 100.0 Unadjusted August 1974 J u l y 1974 August 1973 Seasonally adjusted August 1974 J u l y 1974 June 1974 May 1974 * 100.0 100.0 100.0 • 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 ) 101-110 111-120 | Over 120 91-100 j 90 or Total I l 7e=s s 7j 7o % % 1 | | i j 31.1 31.7 31.6 31.7 ! ' 1 30.2 30.3 30.3 ; | j | 25.3 25.1 24.9 24 .7 . j 27.3 27.4 27.7 28.3 j II.O 10.7 10.8 10.5 : ' ; 5.2 5.2 4.9 4.9 100.0 100.0 100.0 100.0 5.3 5.3 5 .7 100.0 100.0 100.0 Unadjusted August 1974 J u l y 1974 August 1973 j 27.5 27 .6 27.9 | j 25.9 26.0 25.1 i n.i ' | 10.9 11.0 | i j Note: D e t a i l s may not 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 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 . -3AUTOMOBILE LOANS AT MWOR FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS AUGUST 1974 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 per c e n t of dealer cost 24 months 25-30 montits 7.3 1.1 0.3 0.1 0.1 1.0 0 .3 0.1 0.1 8.9 90% or l e s s 917= to 100% 101% to 105% 106% to 110% Over 110% Total •O Maturities 31-36 months Over 36 months * 35 .4 27.8 9.9 4.4 2.7 2.5 3.8 1.7 0.9 0.6 1.5 80.1 9.4 Balloon Total 46.1 33.0 12.1 5 .4 3.4 * 0.1 * 0.2 100.0 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 cent of wholesale value Maturities 25-30 1 Over 30 J B a l l o o n paper months months 18 months 19-24 months 3.5 0.5 0.2 0.1 0.1 7.3 3.3 2.0 . 0.9 0.4 7.9 8.4 8.3 3.6 1.6 11.6 15 .2 15.4 6 .6 3.3 4.4 13.8 29.8 52.0 90% or l e s s 91% to 100% 101% t o 110% 111% t o 120% Over 120% Total 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 . - Less than o n e - t e n t h of one per c e n t . Total * 0.1 * 0.1 j 30.2 27 .5 25.9 11.1 5 .3 100.0
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