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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