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FEDERAL
s t a t i s t i c a l

RESERVE

r e l e a s e

For i m m e d i a c e r i l e a s e
September 14,

1966.

AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES
THE PROPORTION OF USED CAR CONTRACTS WITH LONGER
THAN 2 YEARS MATURITY DECLINED SOMEWHAT DURING
EARLY 1966

1964

1965

1966

MATURITY DISTRIBUTION - NEW CAR CONTRACTS
24 months 25-30 31-36 Over 36 Balloon
or less months months months
paper
Total
%
• %
%
%
%

No. of contracts
reported (000)

Seasonally adjusted
July 1966
June 1966
May 1966
April 1966

15.8
15.5
15.4
15.4

3.1
3.0
3.2
3.3

80.0
80.2
80.1
80.1

0.6
0.6
0.6
0.5

0.5
0.7
0.7
0.7

100.0
100.0
100.0
100.0

130
142
128
126

13.6
14.0
14.2

2.8
2.9
3.2

82.5
81.9
81.4

0.6
0.6
0.6

0.5
0.6 0.6

100.0
100.0
100.0

148
161
156

"

Unadjusted
July 1966
Month ago
Year ago

MATURITY DISTRIBUTION - USED CAR CONTRACTS
18 months 19-24
25-30 Over 30 Balloon
months months months
paper
Total
%
1
7.
%
%

No. of contracts
reported (000)

Seasonally adjusted
July 1966
June 1966
May 1966
April 1966

8.5
8.2
8.7
8.4

21.7
21.2
, 21.3
20.9

31.8
32.2
32.2
32.4

37.6
37.8
37.2
37.9

0.4
0.6
0.6
0.4

100.0
100.0
100.0
100.0

44
50
. 46
44

8.0
7.5
7.2

21.9
20.5
19.3

33.5
33.4
34.9

36.3
38.2
38.1

0.3
0.4
0.5

100.0
100.0
100.0

48
54
49

Unadjusted
July 1966
Month ago
Year ago
Note:

•
(

Monthly data for years 1960-1965 are available on request.




AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES
USED CAR LOANS EXCEEDING 120% OF WHOLESALE VALUE
HAVE RISEN FURTHER DURING 1966

1964

1965

1966

DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS
iloan as.per cent of dealer cost)
90 or
91-100 101-105 106-110 Over 110
No. of contracts
Total reported (000)

%

%

%

42.4
41.9
42.0
41.9

31.9
32.0
31.7
31.5

13.3
13.5
13.4
13.5

7.0
6.9
7.0 .
7.1

5.4
5.7
5.9
6 .0

100.0
100.0
100.0
100.0

115
126
114
113

42.0
41.7
43.5

32.9
32.6
31.7

13.4
13.6
12.8

6.7
6.8
6.6

5 .0
5.3
5.4

100.0
100.0
100.0

1,33
145
140

Seasonally adjusted
July 1966
June 1966
May 1&66
April X1966 — .

%

%

Unadjusted
July 1966
Month ago
Year ago

,

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
No .• of contracts .
Total
reported (000)
Seasonally adjusted
July 1966
June 1966
May 1966
April 1966

%

%

%

23.1
22.7
23.5
22.9

22.2
, 22.3
22.8
22.9

23.2
23.6
23.4
23.0

16.1
15.9
15.7
15.3

15.4
15.5
14.6
15.9

100.0
100.0
100.0
100.0

35
40
38
37

21.8
21.8
24.7

21.7
22.1.
24.5

23.9
24.2
25.3

16.8
16.6
14.1

15 .8
15 .3
11.4

100 .0
100.0
100.0

39 45
40

%

%

Unadjusted
July 1966
Month ago
Year ago




G.25
AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES
DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTALMENT LOANS
JULY 1966

(Percentage distribution of contracts)
Not seasonally adjusted

Loan as
per gent of
dealer cost

90% or less
91% to 100%
101% to 105%
106% to 110%
Over 110%

Maturities
24 months
or less

25-30
months

9.4
1.7
0.5

1.7
0.7
0.2
0.1
0JL

30.7
30.2
12.5
6.3
4.6

2.8

84.2

0.2
0.2

Total

31-36 Over 36
months months

Balloon
paper

0.2 '
0.2

0.1

0.2

0.1

0.1

0.1
0.1
0.4

USED CARS
(Percentage distribution of contracts)
Not seasonally adjusted

Loan as
per cent of
wholesale value
90% or less
91% to 100%
101% to 110%
111% to 120%
Over 120%
Total

Maturities
18 months

4.2
1.0
0.7
0.4
0.8
7.1

25-30 Over 30
19-24
months months months
6 .4
4.5
3.7
2.5
2.6
19.7

Balloon

5.7
7.6
9.2
6.3
5.8

5.4
8.6
10.3
7.6
6 .6

0.1

34.5

38.5

0.2

Note: Details may not add to totals because of rounding.
*Less than one-tenth' of one per cent.




Total '
*

21.8 .
21.7
23.9
16.8
15.8
100.0