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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