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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