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FEDERAL RESERVE statistical release For immediate release October 6, 1969 f \AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES ^ THE PROPORTION OF SHORT-TERM NEW CAR CONTRACTS X (24 M3NTHS OR LESS) DECREASED FURTHER TO THE SAME LEVEL REACHED IN AUGUST 1968. . dvui-rb+mA* ™16 (***+*" ", 1967 1968 1969 MATURITY DISTRIBUTION - NEW CAR CONTRACTS 24 months 25-30 31-36 Over 36 Balloon months months months Total P 7 = % 7 » % % iNo. of contracts reported (000) Seasonally adjusted August 1969 July 1969 June 1969 May 1969 12.6 13.3 13.6 13.3 2.2 2.4 2.7 2.4 83.9 83.3 82.5 83.2 0.4 0.4 0.4 0.4 0.6 0.5 0.8 0.5 100.0 100.0 100.0 100.0 106 120 .115 117 10.9 11.7 11.0 2.0 2.1 2.1 86.3 85.5 85.9 0.4 0.4 0.5 0.4 0.4 0.5 100.0 100.0 100.0 121 134 137 Unadjusted August 1969 July 1969 August 1968 MATURITY DISTR:IBUTION - USED IAR CONTRACTS 18 months 19-24 25-30 Over 30 Balloon or less months months months paper Total % 7. % % 7, No. of contracts reported (000) Seasonally adjusted August 1969 July 1969 June 1969 May 1969 5.9 6.2 6.1 6.1 16.9 16.3 16.2 15.8 30.7 31.0 30.8 30.8 47.7 47.3 47.2 47.4 0.2 0.2 0.2 0.3 100.0 100.0 100.0 100.0 37 42 39 40 6.3 6,0 6.8 18.6 17.2 19.3 33.2 33.4 36.6 41.7 43.3 37.0 0.2 0.2 0.3 100.0 100.0 100.0 40 43 44 Unadjusted August 1969 July 1969 August 1968 Note: Details may not add to totals factors by sector. because of rounding and construction of seasonal " 4^ A U T O M O B I L E L O A N S B Y MAJOR SALES F I N A N C E COMPANIES THE P R O P O R T I O N OF USED CAR C O N T R A C T S W I T H L A R G E R D O W N P A Y M E N T S C O N T I N U E D IN JULY A N D A U G U S T A T THE SAME HIGH L E V E L R E A C H E D IN THE SECOND Q U A R T E R . 1966 1967 1968 1969 D I S T R I B U T I O N OF DEALER COST RATIOS - NEW CAR C O N T R A C T S ^ (loan as per cent of dealer cost) No. of contracts 90 or 91-100 101-105 106-110 Over 110 reported (000) less Total % % % % % Seasonally adjusted A u g u s t 1969 July 1969 J u n e 1969 May 1 9 6 9 44.3 43.8 43.6 43 .5 31.6 31.6 31.4 31.8 13.2 13.3 14*. 0 13.7 6.4 6 .4 6.3 6 .3 4.7 4.9 4.8 4.8 100.0 100.0 100.0 100.0 99 111 108 109 43.8 i 43.4 j 44.9 32.5 32.5 32.3 13.0 13.4 12.7 6.2 6.2 5 .9 4.5 4.5 4.2 100.0 100.0 100.0 113 124 126 Unadjusted August 1969 July 1969 A u g u s t 1968 D I S T R I B U T I O N OF DEALER COST R A T I O S - USED CAR C O N T R A C T S (loan as per cent of w h o l e s a l e v a l u e ) 90 or No. of contracts 91-100 101-110 111-120 Over 120 reported (000) Total 7 = T. % % . % Seasonally adjusted August 1969 July.1969 June 1969 May 1969 7 27.3 27 .1 26.8 28.0 24.9 24.8 25.0 25.7 25.6 26.2 25.9 25.3 13.3 13.2 13 .2 13.2 26 .0 25.5 25.3 24.6 24.5 23.4 26.0 26.7 25.8 13.8 14.0 14.4 9.1 9.0 9.2 8.5 100.0 100.0 100.0 100.0 33 36 33 35 9.7 9.4 11.1 100.0 100.0 100.0 35 37 37 Unadjusted August 1 9 6 9 July 1969 August 1 9 6 8 Note: Digitized forDetails may not add to totals FRASER factors b y sector. because of rounding and construction of seasonal G.25 -3A U T O M O B I L E L O A N S BY M A J O R SALES F I N A N C E C O M P A N I E S DEALER COST RATIOS AND MATURITIES ON A U T O M 3 B I L E INSTALMENT L O A N S A U G U S T 1969 N E W CARS (Percentage d i s t r i b u t i o n of c o n t r a c t s ) Not seasonally adjusted L o a n as per cent of dealer cost 90% or less 91% to 100% . 101% to 105% 106% to 110% Over 110% Total 25-30months Maturities 31-36 months 7.8 1.3 0.7 0.3 0.2 1.2 0.5 0.2 0.1 0.1 34 .6 30.5 12.0 5 .9 4.2 0.1 0.1 0.1 * * 10.2 2.0 87.1 0.4 0.3 100.0 Balloon paper Total 24 m o n t h s Over 36 months Balloon 0.1 0.2 0.1 43.8 32.5 13.0 6.2 4.5 USED CARS (Percentage d i s t r i b u t i o n of contracts) Not seasonally adjusted Loan as per cent of w h o l e s a l e value 90% or less 91% to 100% 101% to 110% 111% to 120% Over 120% Total 18 months 19-24 months Maturities 25-30 months Over 30 months 3.8 0.8 0.5 0.3 0.2 7.1 4.1 3.0 1.5 1.1 6.9 • 8.7 9.7 5.0 3.4 8.2 11.0 12.8 7.0 5.0 * 5.5 16.8 33.7 43.9 0.1 Note: D e t a i l s may not add to totals because of r o u n d i n g . * Less than one-tenth of one per cent. 26.0 24.6 26.0 13.8 9.7 100.0 .
