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For immediate release
October 5, 1972
AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES
THE PROPORTION OF USED CAR LOANS WITH
MATURITIES LONGER THAN 24 MONTHS INCREASED
IN AUGUST FOR THE FOURTH STRAIGHT MONTH.

1969

Seasonally adjusted
August 1972
July 1972
June 1972
May 1972

1970

1971

1972

NEW CAR CONTRACTS
MATURITY DISTRIBUTION
25-30
Over 36
24 months
31-36
Balloon
months
months
nonths
P
7
=
%
%
%

\

Total

11.9
11.9
11.6
12.0

2.2
2.4
2.4
2.3

84.2
84.4
84.8
84.6

0.9
0.7
0.7
0.7

0.3
0.1
0.3
0.3

100.0
100.0
100.0
100.0

9.6
10.1
10.5

1.8
2.1
2.1

87.5
86.9
87.0

1.0 "
0.8
0.2

0.2
0.1
0.2

100.0
100.0
100.0

Unadjus ted
August 1972
July 1972
August 1971

MATURITY DISTRIBUTION - USED CAR CONTRACTS
Balloon
Over 30
25-30
19-24
18 months
months
months
months
P
7
=
7.
%
7
c
%

Total

Seasonally adjusted
August 1972
July 1972
June 1972
May 1972

4.9
5.1
4.8
4.8

12.7
12.7
12.9
12.8

30.9
30.7
30.7
31.0

52.9
52.3
52.1
51.0

0.1
0.1
0.1
0.2

5 .0
4.9
5.3

14.1
13.1
15.2

34.5
34.0
36.2

46.4
48.0
43.2

0.1
0.1
0.1

100.0
100.0
100.0
100.0

Unadjusted
August 1972
July 1972
August 1971

.

V

100.0
100.0
100.0

Note: Details may not add to totals because of rounding and construction of seasonal

factors by sector.



G. 25

-2-

AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES
THE PROPORTION OF USED CAR LOANS WITH LOW
DOWNPAYMENTS (DEALER COST RATIOS ABOVE 100 PERCENT) ALSO CONTINUED TO RISE IN AUGUST.
60
50

40
30
1969

1970

1971

1972

DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS
(loan as per cent of dealer cost)
90 or
91-100
101-105
106-110
Over 110
less
Total
Seasonally adjusted
August 1972
July 1972
June 1972
May 1972

%

%

%

%

%

45.8
45.9
45.7
45.3

31.4
31.2
31.5
31.5

13.2
13.2
12.6
13.1

5.9
6.0
6.1
6.1

3.8
4.0
4.2
4.4

100.0
100.0
100.0
100.0

45.8
45.6
47.8

32.1
31.8
32.5

12.5
12.9
11.5

5.9
5.9
5.0

3.8
3.9
3.3

100.0
100.0
100.0

Unadjusted
August 1972
July 1972
August 1971

DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS
(loan as per cent of wholesale value)
90 or
91-100
101-110
111-120
Over 120
Total
Seasonally adjusted
August 1972
July 1972
June 1972
May 1972

%

%

%

%

%

30.2
30.8
30.6
29.8

27.3
27.0
27.6
27.6

25.1
25.0
24.2
25.2

11.5
10.9
10.8
11.4

6.2
6.3
6.9
6.2

100.0
100.0
100.0
100.0

29.4
29.8
31.2

27.1
27.1
27.7

25.5
25.7
24.7

11.7
11.2
10.6

6 .4
6.2
5.8

100.0
100.0
100.0

Unadjus ted
August 1972
July 1972
August 1971

Note: Details may not add to totals because of rounding and construction of
seasonal factors by sector.




G. 25
AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES
DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTALMENT LOANS
AUGUST 1972
NEW CARS
(Percentage distribution of contracts)
Not seasonally adjusted

Loan as
per cent of
dealer cost

24 months

90% or less
91% to 100%
101% to 105%
106% to 110%
Over 110%

25-30
months

7.7
1.2
0.4
0.2
0.1
9.6

Total

1.1
0.4
0.2
0.1

Maturities
31-36
Over 36
months
months

*

36.8
29.9
11.7
5.6
3.6

0.3
0.4
0.2
0.1
0.1

1.8

87.5

1.0

Balloon
paper
*

0.2

0.2

Total
45.8
32.1
12.5
5.9
3.8
100.0

USED CARS
(Percentage distribution of contracts)
Not seasonally adjusted

Loan as
per cent of
wholesale value

18 months

90% or less
91% to 100%
101% to 110%
111% to 120%
Over 120%
Total

19-24
months

Maturities
25-30
Over 30
months
months

3.8
0.6
0.3
0.2
0.1

7.2
3.5
1.9
0.9
0.5

8.5
10.1
9.5
4.3
2.2

9.9
12.9
13.7
6.3
3 .6

5.0

14.1

34.5

46.4

Note: Details may not add to totals because of rounding.
* Less than one-tenth of one per cent.




Balloon
*

*

0.1

Total
• 29.4
27.1
25.5
11.7
6.4
100.0