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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*
™"1,6 (***+*"

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:forDetails
may not add to totals
Digitized
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

.