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F E D E R A L R s t a t i s t i c a l E r G.25 S e l E e a R s V E e 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
