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R E S E R V E F E D E R A L r e l e a :s e statistical For immediate r e l e a s e Se ptember 6, 1972 AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES THE PROPORTION OF N W CAR LOANS WITH L W E O DOWNPAYMENTS (DEALER COST RATIOS ABOVE 100 PERCENT) ROSE SLIGHTLY IN JULY. 28 24 20 16 1969 Seasonally adjusted J u l y 1972 June 1972 May 1972 A p r i l 1972 1970 1971 1972 MATURITY DISTRIBUTION - NEW CAR CONTRACTS Balloon 31-36 25-30 24 months paper months months months or l e s s 7 o 7 o % % Total 11.9 11.6 12.0 11.6 2.4 2.4 2.3 2.5 84.4 84.8 84.6 84.9 0.7 0.7 0.7 0.7 0.1 0.3 0.3 0.4 100.0 100.0 100.0 100.0 10.1 10.6 11.1 2.1 2.2 2.3 86.9 86.2 86.2 0.8 - 0.8 0.3 0.1 0.2 0.2 100.0 100.0 100.0 Unadjusted J u l y 1972 June 1972 J u l y 1971 MATURITY DISTRIBUTION - USED CAR CONTRACTS Balloon Over 30 25-30 19-24 18 months months months months P 7 = 7 o % 7. 7, T^Pal Seasonally adjusted J u l y 1972 June 1972 May 1972 A p r i l 1972 5.1 4.8 4.8 5.2 12.7 12.9 12.8 13.6 30.7 30.7 31.0 31.6 52.3 52.1 51.0 49.1 0.1 0.1 0.2 0.1 100.0 100.0 100.0 100.0 Unadjusted 0.1 48.0 34.0 13.1 4.9 0.1 49.8 33.2 12.5 4.5 0.1 45.2 35.6 14.2 4.9 Note: D e t a i l s may n o t add t o t o t a l s because of rounding and c o n s t r u c t i o n of Digitizedc for sFRASER r . f a t o r by s e c t o J u l y 1972 June 1972 J u l y 1971 100.0 100.0 100.0 seasonal G. 25 AUTOMOBILE LOANS BY MUOR FINANCE COMPANIES THE PROPORTION OF USED CAR LOANS WITH MATURITIES LONGER THAN 24 MONTHS INCREASED AGAIN IN JULY. 1969 Seasonally adjusted 1970 1971 1972 DISTRIBUTION OF DEALER COST RATIOS - N W CAR CONTRACTS E (loan as per cent of d e a l e r c o s t ) Over 110 91-100 101-105 106-110 90 or Total °L 7 o % % % 45.9 45.7 45.3 45.7 J u l y 1972 June 1972 May 1972 A p r i l 1972 £ j f 31.2 31.5 31.5 31.3 13.2 12.6 13.1 12.9 45.6 45.4 47.6 31.8 31.9 32.3 12.9 12.8 12.0 6.0 6.1 6.1 5.9 4.0 4.2 4.4 4.2 100.0 100.0 100.0 100.0 5.9 6.0 4.9 3.9 4.0 3.2 100.0 100.0 100.0 Unadjusted J u l y 1972 June 1972 J u l y 1971 » ^ Seasonally adjusted J u l y 1972 June 1972 May 1972 A p r i l 1972 • DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS ( l o a n as per cent of w h o l e s a l e v a l u e ) Over 120 111-120 101-110 91-100 90 or Total 7 ' = 7c % % % 30.8 30.6 29.8 31.5 27.0 27.6 27.6 27.2 25.0 24.2 25.2 24.4 10.9 10.8 11.4 11.5 6.3 6.9 6.2 . 5.8 100.0 100.0 100.0 100.0 29.8 29.6 31.1 27.1 27.7 28.2 25.7 24.9 24.7 11.2 11.0 10.7 6.2 6.9 5.3 100.0 100.0 100.0 Unadjusted J u l y 1972 June 1972 J u l y 1971 Note: D e t a i l s may not add to t o t a l s because of rounding 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 -3AUTOMDBILE LOANS BY MAJOR FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES O AUTOMOBILE INSTALMENT LOANS N JULY 1972 N W CARS E ( 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 as per c e n t of dealer cost Maturities 31-36 Over 36 months months 24 months 25-30 months 7.6 1.4 0.8 0.2 0.1 1.1 0.5 0.4 0.1 0.1 36.7 29.5 11.5 5.5 3.7 0.2 0.3 0.2 0.1 0.1 10.1 2.1 86.9 0.8 90% or l e s s 91% t o 100% 101% t o 105% 106% t o 110% Over 110% Total Balloon * * 45.6 • 31.8 12.9 5.9 3.9 0.1 100.0 0.1 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 as per c e n t of wholesale value 18 months 90% or l e s s 91% t o 100% 101% t o 110% 111% t o 120% Over 120% Total 19-24 months Maturities Over 30 25-30 months months 3.6 0.6 0.4 0.2 0.1 6.8 3.1 2.0 0.8 0.4 9.0 9.8 9.2 4.1 2.1 10.4 13.7 14.2 6.2 3.7 * 4.9 13.1 34.0 48.0 0.1 Note: D e t a i l s may not add to t o t a l s because of r o u n d i n g . * Less than o n e - t e n t h of one per c e n t . Balloon Total 29.8 27.1 25.7 11.2 6.2 100.0
