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F E D E R A L
R E S E R V E
G. 25
For immediate r e l e a s e
'October 22, 1975
AUTOMOBILE LOANS AT MAJOR FINANCE COMPANIES
THE PROPORTION OF NEW-CAR CONTRACTS WITH
MATURITIES EXCEEDING 36 MONTHS HAS STABILIZED
SINCE MAY AT JUST UNDER 25 PER CENT.
1972
Seasonally adjusted
August 1975
J u l y 1975
June 1975
May 1975
1973
1974
1975
MATURITY DISTRIBUTION - NEW CAR CONTRACTS
24 months
Over 36
31-36
Balloon
25-30
months
months
months
7,
%
'P %
%
%
Total
9 .6
10 .1
9 .8
10 .0
1.8
2.0
1.7
1.7
63 . 1
62 .9
64 .0
64 .4
24.2
23.8
23.8
22.8
0.3
0.4
0.1
0.3
100.0
100.0
100.0
100.0
7 .7
8 .3
8 .9
1 .4
1 .6
1 .5
65 .3
64 .9
80 .1
25.5
25.1
9.4
0.2
0.2
0:2
100.0
100.0
100.0
Unadjusted
August 1975
J u l y 1975
August 1974
Seasonally adjusted
August 1975
J u l y 1975
June 1975
May 1975
MATURITY DISTRIBUTION -- USED CAR CONTRACTS
18 months
19-24
25-30
Over 30
Balloon
months
months
months
P
7o
%
%
%
%
3.,9
4 . ,0
4. 2
4. 1
10. 6
10. 9
11. 0
11. 1
3. 8
3. 6
4. 4
10. 8
10. 3
13. 8
31. 1
30. 6
30. 6
31. 8
55.2
' 55.1
54.0
52.7
32. 4
31. 2
29. 8
53.1
54.8
52.0
-
0.1
0.1
0.1
0.1
Total
100.0
100.0
100.0
100.0
Unadjusted
August 1975
J u l y 1975
August 1974
•
0.1
100.0
0.1
100.0
--0.1
100.0
Note: D e t a i l s may nob add t o 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
f a c t o r s by s e c t o r .
G .25
-2-
AUTOMOBILE LOANS BY MUOR FINANCE COMPANIES
THE PROPORTION OF NEW-CAR CONTRACTS WITH
LOW DOWNPAYMENTS (DEALER COST RATIOS OVER
100 PER CENT) ROSE SLIGHTLY IN AUGUST BUT
REMAINS UNUSUALLY LOW.
28
24
20
16
1973
1975
1974
DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS
(loan 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=
7=
7=
7,
%
Seasonally adjusted
August 1975
J u l y 1975
June 1975
May 1975
49.0
49.7
50.1
50.0
32.9
33.0
33.1
33.3
11.1
10.8
10.5
10.3
4.1
4.0
3.8
3.9
2.3
2.5
2.4
2.4
100.0
100.0
100.0
100.0
49.8
49.6
46.1
33.6
33.6
33.0
10.5
10.5
12.1
4.0
4.0
5.4
2.2
2.4
3.4
100.0
100.0
100.0
Unadjusted
August 1975
J u l y 1975
August 1974
j
j
!
'
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 I Over 120
less
Total
j
S e a s o n a l l y a d j u s ted
j
• August j °75
July 1975
June 1975
May 1975
I
|
'
j
Unadjusted
August 1975
J u l y 1975
August 1974
7o
7=
%
36.3
35.3
33.4
32.1
30.9
29.9
29.1
29.2
35.0
33.8
30.2
31.0
30.1
27.5
7.
22.5
23.0
24.4
24.3
7.3
8.4
9.2
10.0
23.2
23.9
25.9
7.6
8.5
11.1
%
3.13.6
4.0
4.6
100.0
100.0
' 100.0
100.0
j
;
!
j
j
{
j
I
3.2
3.7
5.3
'
|
100.0
1-^.0
ivC.o
Note: 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
f a c t o r s by s e c t o r .
f
$'
jj
u
AUTOMOBILE LOANS AT MAJOR FINANCE COMPANIES
DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTALMENT LOANS
AUGUST 1975
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 cent of
dealer cost
24 months
90% or l e s s
91% to 100%
101% to 105%
106% t o 110%
Over 110%
Total
25-30
months
Maturities
Over 35
31-36month s
months
6.2
1.0
0.4
0.1
0.1
1.0
0.3
0.1
0.1
33.8
21.3
6.4
2.5
1.4
8.9
10.9
3.5
1.4
1.0
7.7
1.4
65.3
25.5
Balloon
.
Total
49.8
33.6
10.5
4.0
2.2
*
0.2
*
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 c e n t of
wholesale value
18 months
or l e s s
90% or l e s s
91% t o 100%
101% to 110%
111% to 120%
Over 120%
Total
19-24
months
Maturities
25-30
Over 30
months
months
3.0
0.4
0.2
0.1
0.1
6 .6
2.4
1.3
0.4
0.2
10.2
10.6
8.3
2.4
1.0
15.2
17.7
13.5
4.7
2.0
*
3.8
10.8
32.4
53.1
0.1
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 .
* Less than o n e - t e n t h of one per c e n t .
Balloon
psper
*
Total
-
35.0
31.0
23.2
7.6
3.2
100.0
@FedFRASER