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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