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F E D E R A L R s t a t i s t i c a l E S E R V E r e l e a s e f?AL RE^ • ' - V For immediate r e l e a s e O c t o b e r 9 , 1970 " AUTOMDBlEE-fcOANS'-BY MAJOR SALES FINANCE COMPANIES THE PERCENTAGE' OF NEW CAR LOANS WITH 3 1 - 3 6 MONTH MATURITIES INCREASED SLIGHTLY DURING AUGUST. 1967 Seasonally adjusted A u g u s t 1970 J u l y 1970 J u n e 1970 May 1970 1968 1969 Seasonally adjusted A u g u s t 1970 J u l y 1970 J u n e 1970 May 19 70 86 - 82 ^ 78 1970 MATURITY DISTRIBUTION - NEW CAR CONTRACTS !24 months 31-36 25 - 3 0 1 Over 36 | B a l l o o n paper months months i months 1 % % f ' ! i J ! 1 ; j 13 .2 .6 14 .1 14 .0 " 2.,5 2. 7 2. 6 2. 7 13 I 83.3 82.9 82.8 82.7 i ' i 11 .2 11 .8 .9 ' 10 2. 2 2. 4 2.0 j " i 0. 3 0. 3 0. 3 0, 3 1 i 1 Unadjusted " A u g u s t 1970 J u l y 1970 A u g u s t 1969 - 86.0 85 .2 86.3 ! I ! ' o. 3 0. 3 °-4 ' | j I ! i I 0.6 0.5 0.3 0.3 ! 100.0 1 100.0 i 100.0 ;j 1 0 0 . 0 j 100.0 100.0 100.0 0.4 0.4 0.4 MATURITY D-ISTRIBUTION - USED CAR CONTRACTS 19-24 25-30 j18 m o n t h s ] Balloon 1 Over 30 : I o r l e s s | months months 1 months paper j1 % % % ' % ; i % i i j Total | | ! 1 5 •5 5 .6 5 .7 5 .8 Unadjusted f | | 15 .9 15.5 15.4 15.4 ! j 31.4 31.0 31.0 30.3 . I 17 .6 16.2 18.6 34.3 33.9 33.2 I i ; I ! ! 4 8 , .8 4 8 . .8 4 8 ..2 48 .,7 j ; i : 42. 3 44.4 j 0 .i 0 .1 0 .1 0, .1 ! 100.0 ' 100.0 i 100.0 ; 100.0 0. 1 ' • 0. i | 0. 2 1 I 1- 4 1 - 7 1 Note: D e t a i l s may n o t add t o t o t a l s b e c a u s e of r o u n d i n g and c o n s t r u c t i o n e a s oFRASER n a l f a c t o r s by s e c t o r . Digitizedsfor A u g u s t 1970 J u l y 1970 A u g u s t 1969 Total 5 .8 5 .5 6 •3 | 1 100.0 100.0 100.0 of AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES DURING AUGUST, A SMALLER PERCENTAGE OF NEW CAR LOANS ENTAILED LOW DOWNPAYMENTS (DEALER COST RATIOS OVER 100%) . 26 22 18 1967 1969 1968 1970 DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS ( l o a n a s p e r c e n t of d e a l e r c o s t ) 90 o r 91-100 101-105 106-110 Over 110 less Total % % 77» % Seasonally adjusted A u g u s t 1970 J u l y 1970 J u n e 1970 May 1970 48.8 48.1 48 6 48.8 31.5 31.4 31.2 31.2 11.8 12.1 12.2 12.1 5.0 5.1 4.8 4.7 3.2 3.3 3.1 3.0 100.0 100.0 100.0 100.0 48.4 47.7 43.8 32.2 32.2 32.5 11.5 -12.0 13.0 4.9 5.0 6.2 3.1 3.1 4.5 100.0 100.0 100.0 Unadjusted A u g u s t 1970 J u l y 1970 A u g u s t 1969 Seasonally adjusted A u g u s t 1970 J u l y 1970 J u n e 1970 May 1970 DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS ( l o a n a s p e r c e n t of w h o l e s a l e v a l u e ) 90 o r 91-100 101-110 111-120 Over 120 less Total 7= % % 7, 7» 33.7 33.6 33.2 33.7 28.5 27.9 27.6 27.6 23.4 23.7 23.9 23.3 9.9 10.0 10.5 10.7 5.2 5.5 5 .6 5 .9 100.0 100.0 100.0 100.0 32.5 32.0 26.0 28.0 27.7 24.6 23.7 24.2 26.0 10.2 10.5 13.8 5.5 5 .6 9.7 100.0 100.0 100.0 Unadjusted A ugus t 1970 J u l y 1970 A u g u s t 1969 Note: D e t a i l s may n o t add t o t o t a l s b e c a u s e of r o u n d i n g 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 -3AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ' ON AUTOMOBILE INSTALMENT LOANS AUGUST 1970 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 a s p e r c e n t of dealer cost 24 months 25-30 months Maturities 31-36 months 8.7 1.6 0.7 0.2 0.1 1.4 0.5 0.2 0.1 0.1 11.2 2.2 90% o r l e s s 91% t o 100% 101% t o 105% 106% t o 110% Over 110% Total Over 36 months Balloon Total- 38.1 30.0 '10.5 4.6 2.9 0.1 0.1 0.2 0.1 * * 48.4 32.2 11.5 4.9 3.1 86.0 0.3 0.4 • * . 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 a s p e r c e n t of wholesale value Maturities 25-30 months Over 30 months 18 months 19-24 months 4.4 0.7 0.4 0.2 0.1 9.2 4.6 2 .5 0.9 0.4 9.5 10.6 8.6 3.7 1.9 9 .4 12.2 12.2 5 .5 3.1 5 .8 17.6 34.3 42.3 90% o r l e s s 91% t o 100% 101% t o 110% 111% t o 120% Over 120% Total Note: D e t a i l s may n o t add t o t o t a l s b e c a u s e of r o u n d i n g . » L e s s tharf o n e - t e n t h of one p e r c e n t . Balloon •k * 0.1 Total 32.5 28.0 23.7 10.2 5.5 100.0