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cow. FEDERAL liiiiK-' RESERVE statistical release For immediate release September 8, 1969 AUTOMOBILE LOANS BY MAJOR SALES FINANCE COMPANIES THE PROPORTION OF SHORT-TERM NEW CAR CONTRACTS (24 MONTHS OR LESS) HAS DECREASED SINCE EARLY. SPRING. " T „ tS7U<^Jx/ Seasonally adjusted July 1969 June 1969 May 1969 April 1969 "L 8 -I MATURITY DISTRIBUTION - NEW CAR CONTRACTS 24 months 25-30 31-36 Over 36 Balloon Total months months months No. of contracts reported (000) % % % 13.3 13.6 13.3 13.9 2.4 2.7 2.4 2.5 83.3 82.5 83.2 82.5 0.4 0.4 0.4 0.5 0.5 0.8 0.5 0.7 100.0 100.0 100.0 100.0 120 115 117 123 11.7 12.5 11.3 2.1 2.5 2.3 85.5 84.0 85.4 0.4 0.4 0.4 0.4 0.-7 0.6 100.0 100.0 100.0 134 138 : 153 Unadjusted July 1969 June 1969 July 1968 MATURIT 18 months Seasonally adjusted July 1969 June 1969 May 1969 April 1969 % CAR CONTRACTS DISTR:IBUTION - USED 1 19-24 25-30 Over 30 Balloon Total months months months % % % % No. of contracts reported (000) 6.2 6.1 6.1 6.0 16.3 16:2 15.8 15.4 31.0 30.8 30.8 31.0 47.3 47.2 47.4 46.9 0.2 0.2 0.3 0.3 100.0 100.0 100.0 100.0 42 39 40 43 6.0 5 .7 6 .6 17.2 16.1 18.3 33.4 32.9 36.3 43.3 45.2 38.5 0.2 0.2 0.3 100.0 100.0 100.0 43 45 48 Unadjusted July 1969 June 1969 July 1968 Details may not add to totals DigitizedNote: for FRASER factors by sector. because of rounding and construction of seasonal I G.25 -2- AUTOMOBILE LOANS BY M^JOR SALES FINANCE COMPANIES THE PROPORTION OF USED CAR CONTRACTS WITH DEALER COST RATIOS OVER 110% CONTINUED A T THE SECOND QUARTER AVERAGE IN JULY. 1967 1966 1969 1968 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 reported (000) Total 7= % Z % 7o Seasonally adjusted July 1969 . »June 1969 May 1969 - A p r i l 1969 43.8 43.6 43.5 44.0 31.6 31.4 31.8 32.0 13.3 ' 14.0 13.7 13.7 6.4 6.3 6.3 6.1 4.9 4.8 4.8 4.3 100 .0 100.0 100.0 100.0 111 108 109 113 43.4 '42.9 44.7 32 .5 32.2 32.4 13.4 14.1 13.0 6.2 6.3 6 .0 4.5 4.6 3.9 100.0 100.0 100.0 124 128 141 Unad jus ted July 1969 June 1969 July 1968 DISTRIBUTION OF DEALER COST RATIOS - USED CAR CONTRACTS 'loan as per cent of wholesale value) No. of contracts 90 or 91-100 101-110 111-120 Over 120 Total reported (000) less 7= 7= 7= % % Seasonally adjusted 13.2 13.2 13.2 13.5 9.0 9.2 8.5 9.2 100.0 100.0 100.0 100.0 36 33 35 36 26.7 26.4 14.0 13.9 25.8 14.5 9.4 9.7 10.4 100.0 100.0 100.0 37 39 40 27 .1 26.8 28.0 26.9 24.8. 25.0 25.7 25.0 26.2 25.9 25.3 25.8 July 1969 June 1969 25.5 25 .2 24.5 24.8 July 1968 25 .1 24.2 July 1969 June 1969 May 1969 April 1969 Unadjusted Note: Details may not add to totals factors by sector. because of rounding and construction of seasonal G.25 -3AUTOMJBILE LOANS BY MAJOR SALES FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS JULY 1969 NEW CARS (Percentage distribution of contracts) Not seasonally adjusted Loan as per cent of dealer cost 90% or less 91% to 100% 101% to 105% 106% to 110% Over 110% Total .24 months 25-30 months 7.6 1.7 1.2 0.3 0.2 1.2 0.5 0.4 0.1 0.1 10.9 2.2 Maturities 31-36 months . Over 36 months Balloon 34.5 30.1 11.8 5.8 4.2 0.1 0.1 0.1 0.1 0.1 0.1 * * 86.3 0.4 0.3 100.0 Balloon paper Total 0.1 Total 43.4 32.5 13.4 6.2 4.5 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 19-24 months Maturities 25-30 months Over 30 months * 3.6 0.7 0.4 0.2 0.3 6.8 3.6. 2.8 1.4 0.9 6.9 8.9 10.1 5.0 3.1 8.3 11.4 13.5 7.3 5.1 * 5.1 15 .4 33.9 45.6 0.1 Note: Details may not add to totals because of rounding. * Less than one-tenth of one per cent. 25.5 24.5 26.7 14.0 9.4 100.0
@FedFRASER