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Not f o r publication L.4.2 deCOHTBOLLED AFTER SIX, MONTHS BOARD OF GOVERNORS.; OF. ;3SE:J^iKAj,'RESERVE SYSTEM April 8, 1957 MATURE TtES' ON AUTOMOBILE INSTALMENT LOANS FEBRUARY. .1957 AND JANUARY 1957 te Total . , Jan. Fob-.- Maturities New cars 24 months or l e s s 25-30 months 31-36 months Over 36 months Total Used cars l / ... 12 months o r l e s s 13-18 months 19*24 months Over 24 months Total per c e n t ) . . . 39:8 28.8 31.0 0.4 100.0 19.2 23.3 44.5 100.0 40.6 . 29.0. 30.0 - " --r Directloans Feb. Jan. Purchased Paper-. Jan. Feb. 100*0 29.7 28.2 41.5 0.6 ; IOOL.O 20.2 22.9 43.9 -J^O 100.0 16.3 . 20.3 45.4 18.0 100.0 . s44.6v 54.3 29.2 16.4 35.4 38.6 ' 0.6 lOO.O iM loCT t 23.9 •28.1. ;43.O . • 5-.0 100.0 . 26.3 26.4 42.8 T35rjo l/Figures are predominately f o r l a t e model used cars but Include data. . from a few banks f o r a l l used cars. • •. NOTE: Based on dAta from Identical sample of 120 banks f o r January and February. In February sample banks reported about 20,000 contracts on new., cars, 12,000 purchased and 8,000 d i r e c t , and 16,000 contracts on used cars, 10,000 purchased .and 6,000 d i r e c t . S i # c 6 composition of sample changes from month to month, data are not s t r i c t l y comparable with, previous r e l e a s e s . For distribution according to maturities and contract balance as a p e r centage of dealer c o s t , see ott^er s i d e . Not f o r p u b l i c a t i o n — 2 Ir.4.2 - DEALER COST RATIOS AND MATURITIES ON AUTOMOBILE INSTALMENT LOANS FEBRUARY 1957 AND JANUARY 1957 (In per cent) Contract balance as percentage of d e a l e r -cost l / . 24 months nr loss Feb. . Jan. •NEW CARSMaturities 31-36 25^30 months months Feb .J Jan.. F e b . | J a n . Over 36 months Feb.| Jan. Total Feb. J a n . Purcllased ] taper <ind di]rect 1<Dans 80% or l e s s 81% to 90% ' 91% t o 100% 101% to 110% Over 110% Total VI 1! 26l6 7.6 5-5 l.l 0.6 27.3 7.6 6.0 1.1 0.6 10.1 7.9 10.8 3.6 0.8 10.2 3.9 1.2 5.0 6.0 • 8.8 3-6 3.5 1.2 1 . 2 41.4 42.6 33.2 32.6 25.0 24.5 USED CARS Maturities 19-24 months Feb.| Jan. Contract balance as percentage of dealer cost 1 / 2 / 12 months or l e s s Feb. Jan. 80% or l e s s 81# to 90% 91% to 100% 101% to 110% Over 110% 9$ 10.2 2.1 2 . 2 2-9 3.0 11.6 4.0 4.8 r.i - i l 13-18 months Feb.| Jan 0.1 * 0.2. 0.1 0.2 0.1 0.4 0.3 100.0 100.0 Over 24 months Feb.| Jan. Total Feb. Jan. 42.6 21.8 24.6 8.4 2.6 42.0 21.2 25.2 8.6 3.0 Purchased paper and direct loans Total 0.8 1.0 1.1 1.8 10.3 4.6 4.7 1.7 1.4 14.7 14.2 10.3 9 . 1 12.1 13.8 5.8 ^ 9 . H IS 1:1 3.2 2.0 2.0 4.0 2.1 1.8 38.8 18.9 23.8 1:1 37.2 18.5 25.5 10.6 8.2 16.2 17.5 23.9 22.7 46.2 46.8. 13'7 13.0 100.0 100.0 l / C o n t r a c t balance does n o t Include f i n a n c e and Insurance charges. 2/Dealer cost represents "average w h o l e s a l e , - p a s ls > " "cr buying value" as indicated by used car guides. *Less than one-tenth of one per cent. NOTE: Because composition of sample changes from month to month, data are not s t r i c t l y comparable with previous r e l e a s e s . The tabulations are based on data from identical sample of 85 banks f o r January and February. In February sample banks reported about 11,000 contracts on new cars, 7,000 purchased and 4,000 direct, and 8,000 contracts on used cars, 5,000 purchased and 3,000 d i r e c t .
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