Full text of G.25 Automobile Loans by Major Finance Companies : September 14, 1967

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FEDERAL
m

statistical

RESERVE

release

(&CU

For immediate release
September 14, 1967

AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES
THE PROPORTION OF USED CAR CONTRACTS LONGER THAN
30 MONTHS CONTINUES BELOW THAT OF LAST YEAR

15
10
5
1966

1965

MATURITY DISTRIBUTION - NEW CAR CONTRACTS
24 months 25-30 31-36 Over 36 Balloon
Total
months months months
P
7=
7=
%
%
%

No. of contracts
reported (000)

Seasonally adjusted
July 1967
June 1967
tfey 1967
April 1967

14.1
14.0
13.8
13.8

2.9
2.8
2.8
2.9

81.8
82.1
82.3
82.2

0.6
0.6
0.5
0.5

0.6
0.5
0.6
0:6

100.0
100.0
100.0
100.0

12.3
12.9
13.6

2.5
2.6
2.8

84.2
83.6
82.5

0.5
0.5
0.6

0.5
0.4
0.5

100.0'
100.0
100.0

..

105
115
117
100

Unadjusted
July 1967
June 1967
July 1966

MATURITY DISTRIBUTION - USED CAR CONTRACTS
18 months 19-24 25-30 Over 30 Balloon
Total
months months months
7o
7o
7,
7.

119
135
148

No. of contracts
reported (000)

Seasonally adjusted
:

July 1967
June 1967
May 1967
April 1967

.

7.9
8.0
8.6
8.5

19.3
19.8
20.7
20.4

35.3
35.2
34.5
34.5

37.0
36.5
35.8
36.1

7.3
7.3
8.0

19.9
19.2
21.9

37.4
36.8
• 33.5

35.1
36.3
36.3

-

0.5
0.5
0.4
0.5

100.0
100.0
100.0
100.0

41
43
46
40

0.3
0.4
0.3

100.0
100.0
100.0

43
49
48

Unadjusted
July 1967
June 1967
July 1966


Note: Monthly data available on request


for years 1960-66.

G.25
AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES
THE PROPORTION OF USED CAR CONTRACTS IN EXCESS
OF 120% D.C.R. CONTINUED TO DECLINE SHARPLY

DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS
(loan as per cent of dealer cost)
:
No. of contracts
90 or 91-100 101-105 106-110 Over 110
Total reported (000)
less
%
7c
%
%
% . >%
Seasonally adjusted
July 1967
June 1967
May 1Cu7
April 1967

45.4
44.6
44.7
44.2

31.3
31.7
31.7
32.1

12.7
12.9
12.9
12.5

6.2
6.2 "
6.0
6.3

4.4
4 .6
4.7
4.9

100.0
100.0
100 .0
100.0

96
105
106
92

44.6
44.1
42.0

32.6
32.5
32.9

12.7
13.0
13.4

6.0
6.1
6.7

4.1
4.3
5.0

100.0
100.0
100.0

1.09
123
133

Vr. adjusted
July 1967
June 1967
July 1966

.

DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS
(loan as per cent of wholesale value)
No. of contracts
91-100 101-110 111-120 Over 120
90 or
Total reported (000)
' 7=
%
7=
7»
7o
Seasonally adjusted
July 1967
June 1967
May 1967
April 1967

26.9
25.6
23.9
23.0

24.2
23.7
22.7
22.3

24.2
23.8
24.7
24.1

14.2
14.7
15.0
15.8

10.5
12.2
13.7
K .8

100.0
100.0
100.0
100.0

35
36
39
36

25.0
24.1

23.7
23.5
21.7

25.0
24.5
23.9

15.0
15.4
16.8

11.3
12.5
15.8

100.0
100.0
100 .0

36
42
39

Unadjusted
July 1967
June 1967
July M 9 6 6

r




-3-

G.25

AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES
DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTALMENT LOANS
JULY 1967
NEW CARS
(Percentage distribution of contracts)
Not seasonally adjusted

Loan as
per cent of
dealer cost
90a, or less
91% to 100%
101%^to 105%
106% to 110%
Over 110%
Total

24 months

25-30
months

Maturities
31-36 Over 36
months months

9.0
1.5
0.5
0.2
_o^

1.6
0.6
0.2
0.1
0.1

33.8
30.2
11.9
5.6
3.8

'0.2
0.2
0.1

11.3

2.6

85 .3

0.5

Balloon

0.1
0.1
0.1
*

44.6
32.6
12.7
6.0
4.1

0.3

100.0

—

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

18. months
or less

19-24
months

Maturities
25-30 Over 30
months months

4.0
0.9
0.6
0.2
0.3

7.2
4.2
3.1
1.8
1.4

7.7
9.7
10.6
6.3
4.7

6.2
8.9
10.6
6 .6
4.8

6.0

17.8

39.0

37.1

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




Balloon

0.1 .
*

0.1

o a v
25.0
23.7
25.0
15.0
11.3
100.0