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% I FEDERAL __ G.25 ! ! ''j r-- RESERVE s t a t i s t i c a l r e l e a s e i i For immediate r e l e a s e October 11, 1973 j | AUTOM3B-ILE LQAN^ BY MAJOR FINANCE COMPANIES i THE- -BROPORTiOtrOF NEW CAR CONTRACTS WITH 3 1 - 3 6 MONTH MATURITIES DECLINED AGAIN IN AUGUST. 90 85 80 1970 1971 1972 1973 MATURITY DISTRIBUTION - NEW CAR CONTRACTS 24 months 25-30 31-36 Over 36 Balloon months months months 7. 7. 7, % 7o Total ' Seasonally adjusted August 1973 J u l y 1973 June 1973 May 1973 11.2 11.0 11.0 11.2 2.2 2.1 2.2 2.0 82.4 83.2 83.4 83.7 3.3 3.0 2.6 2.4 0.3 0.1 0.4 0.3 100.0 100.0 100.0 100.0 9.0 9.3 -9.6 1.7 1.8 1.8 85.7 85.7 87.5 3.4 3.1 1.0 0.2 0.1 0.2 100.0 100.0 100.0 Unadjusted August 1973 J u l y 1973 August 1972 MATURITY DISTRIBUTION - USED CAR CONTRACTS 18 months 19-24 25-30 Over 30 Balloon months months months paper 7= 7, 7. . 7. % Total* Seasonally adjusted August 1973 J u l y 1973 June 1973 May 1973 4.8 4.7 4.9 4.9 12.8 12.7 13.3 13.3 28.8 29.1 28.5 28.4 54.8 54.3 53.7 53.2 0.1 0.1 0.2 0.1 100.0 100.0 100.0 100.0 4.8 4.5 5.0 14.0 12.8 14.1 32.1 31.9 34.5 49.0 50.8 46.4 0.1 0.1 0.1 100.0 100.0 100.0 Unadjusted August 1973 J u l y 1973 August 1972 N o t efor : FRASER D e t a i l s may n o t add t o t o t a l s Digitized f a c t o r s by s e c t o r . 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 o f s e a s o n a l G.25 -2- f AUT0M3BILE LOANS BY MMOR FINANCE COMPANIES THE PROPORTION OF USED CAR CONTRACTS WITH LOW DOWNPAYMENTS (DEALER COST RATIOS OVER 100%) DECLINED RATHER SHARPLY IN AUGUST. 55 45 35 1970 1971 1973 1972 DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS ( l o a n a s per c e n t of d e a l e r c o s t ) Over 110 101-105 106-110 90 or 91-100 Total 7= 7« % % % Seasonally adjusted August 1973 J u l y 1973 June 1973 May 1973 44.0 43.2 42.8 42.8 31.8 31.8 31.7 32.1 14.0 13.9 13.9 13.9 6.3 6.5 6.8 6.8 4 .6 4.6 4.8 4.8 100.0 100.0 100.0 100.0 44.0 43.0 45.8 32.5 32.4 32.1 13.1 13.6 12.5 6.2 6.5 5.9 4.4 4.5 3 .8 100.0 100.0 100.0 Unadjusted August 1973 J u l y 1973 August 1972 DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS ( l o a n a s per c e n t o f w h o l e s a l e v a l u e ) Over 120 111-120 101-110 91-100 90 or Total 7= 7, 7o 7, % Seasonally adjusted August 1973 J u l y 1973 June 1973 May 1973 31.3 29.8 30.5 29.9 27.9 28.0 27.7 28.0 24.5 24.8 24.6 25 .4 10.8 11.5 11.6 11.1 5 .5 5.8 5.6 5.7 100.0 100.0 100.0 100.0 30.3 28.8 29.4 27 .9 28.0 27.1 25.1 25.7 25.5 11.0 11.7 11.7 5.7 5.9 6 .4 100.0 100.0 100.0 Unadjusted August 1973 J u l y 1973 August 1972 N o t efor : D e t a i l s may n o t add t o t o t a l s Digitized FRASER f a c t o r s by s e c t o r . 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 AUTOMOBILE LOANS BY WUOR FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS AUGUST 1973 % 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 a s per c e n t o f dealer cost 90% or l e s s 91% t o 100% 101% t o 105% 106% t o 110% Over 110% Total Maturities 31-36 months Over 36 months * 35.0 29.5 11.8 5.6 3.9 0.8 1.3 0.7 0.4 0.3 1.7 85.7 3.4 24 months 25-30 months 7.1 1.2 0.5 0.2 0.1 1.0 0.4 0.2 0.1 9.0 Balloon * 0.1 * 0.2 Total 44.0 32.5 13.1 6.2 4.4 100.0 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 a s per c e n t o f wholesale value 90% or l e s s 91% t o 100% 101% t o 110% 111% t o 120% Over 120% Total 18 months 19-24 months Maturities 25-30 months X 3.6 0.6 0.3 0.2 0.1 7.2 3.5 2.0 1.0 0.5 8.5 9.6 8.7 3.7 1.7 11.0 14.2 14.1 6.2 3.4 * 4 .8 14.0 32.1 49.0 0.1 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 o f r o u n d i n g . * L e s s than one - t e n t h o f one per c e n t . Over 30 months Balloon * Total 30.3 27.9 25.1 11.0 5.7 100.0
@FedFRASER