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=<% 7 FEDERAL RESERVE s t a t i s t i c a l r e l e a s e x Z G.25 For immediate release September 9, 1971 AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES THE PROPORTION OF NEW CAR CONTRACTS WITH LOW DOWNPAYMENTS (DEALER COST RATIOS OVER 100%) ROSE SLIGHTLY IN JULY FROM THE YEAR'S LOW POINT IN JUNE. Seasonally adjusted July 1971 June 1971 May 1971 April 1971 1968 1969 1970 1971 MATURITY DISTRIBUTION - NEW CAR CONTRACTS Balloon 31-36 Over 36 24 months 25-30 months months months P °L 7 = 7 = 7 „ % 12.9 12.9 13.3 13.7 2.6 2.9 3 .0 2.9 83.9 83.8 82.9 82.7 11.1 11.9 11.8 2.3 2.6 2.4 86.2 85.1 85.2 . 0.3 0.3 0.3 0.3 0.3 0.3 0.4 0.3 Total 100.0 100.0 100.0 100.0 Unadjusted July 1971 June 1971 July 1970 Seasonally adjusted July 1971 June 1971 May 1971 April 1971 0.3 0.3 0.3 0 .2 0.2, . 0.4 MATURITY DISTRIBUTION - USED CAR CONTRACTS 25-30 Over 30 Balloon 18 months 19-24 months months months P 7 = % 7. 7 » % 100.0 100.0 100.0 Total 5.0 5.1 6.1 5.4 13.6 13.7 15.6 14.3 32.3 32.2 25.6 32.0 49.5 49.0 53.1 47.7 0.1 0.1 0.1 0.1 100.0 100.0 "lOO.O 100.0 4.9 4.8 5 .5 14.2 13.4 16.2 35 .6 35.0 33.9 45 .2 46.7 44.4 0.1 0.1 0.1 100.0 100.0 100.0 Unadjusted July 1971 June 1971 July 1970 Digitized for Details may not add to totals Note: FRASER seasonal factors by sector. because of rounding and construction of AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES THE PROPORTION OF USED CAR CONTRACTS WITH MATURITIES OF 24 MONTHS OR LESS DECLINED SOMEWHAT FURTHER IN JULY. 26 22 18 1 968 Seasonally adjusted 1969 1970 1971 DISTRIBUTION OF DEALER COST RATIOS - NEW CAR CONTRACTS (loan as per cent of dealer cost) ' 90 or 106-110 Over 110 91-100 101-105 Total less 7 = 7 = % % % 47 .9 48.4 48.4 47 .7 31.6 31.6 31.4 31.0 12.2 11.9 12.4 12.8 4.9 4.9 4.8 5.1 3.3 3.2 3.1 3.3 100.0 100.0 100.0 100.0 47.6 47 .9 47.7 July 1971 June 1971 May 1971 April 1971 32.3 32.1 32.2 12.0 12.0 12.0 4.9 4.9 5.0 3.2 3.1 3.1 100.0 100.0 100.0 Unadjusted July 1971 June 1971 July 1970 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 Total Seasonally adjusted July 1971 June 1971 May 1971 April 1971 % % % 32.1 33.2 37.7 33.7 28.2 27.8 27.8 28.2 24.1 24.4 23.0 24.5 10.4 10.2 9.0 10.2 5.3 5 .4 4.3 4.6 100.0 100.0 100.0 100.0 31.1 31.5 32.0 28.2 27.9' 27.7 24.7 24.9 24.2 10.7 10.4 10.5 5.3 5.4 5.6 100.0 100.0 100.0 % % Unadjusted July 1971 June 1971 July 1-970 Note: Details may not add to totals because of rounding and construction of seasonal factors by sector. G.25 -3AUTOMOBILE LOANS BY MAJOR FINANCE COMPANIES DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS JULY 1971 NEW CARS (Percentage distribution of contracts) Not seasonally adjusted Loan as per cent of dealer cost 24 months 25-30 months Maturities 31-36 months Over 36 months Balloon * 8.1 1.9 0.9 0.2 0.2 Total 1.2 0.6 0.4 0.1 0.1 38.2 29.6 10.7 . 4.7 3 .0 0.1 0.1 11.1 90% or less 91% to 100% 101% to 105% 106% to 110% Over 110% 2.3 86.2 0.3 0.1 * 0.2 Tota 1 47.6 32.3 12 .0 4 .9 3.2 100.0 USED CARS (Percentage distribution of contracts) ° Not seasonally adjusted Loan as per cent of wholesale value 18 months 90% or less 91% to 100% 101% to 110% 111% to 120% Over 120% Total 3.8 0.6 0.3 0.1 0.1 4.9 19-24 months 7 .6, 3.6 1.9 0.7 0.4 14.2 Maturities 25-30 months 9.5 10.9 9.6 3.8 1.9 10.2 13 .1 12.9 6.0 3.0 35.6 45.2 Note: Details may not add to totals because of rounding. * Less than one-tenth of one per cent. Over 30 months Balloon * 0.1 - * * 0.1 Total 31.1 28.2 24.7 10.7 5.3 100.0