Full text of L.4.2 Auto Loans by Commercial Banks : Maturities and Dealer Cost Ratios : August 4, 1961

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L.4.2
BCOmCLLSD AFTER SIX

August 4, 1961
MATURITIES ON AUTOMOBILE INSTALMENT LOANS
flOWS
JUNE 1961 AND MAY 1961
(Percentage d i s t r i b u t i o n of contracts)

Maturities
New cars
24 months or l e s s
25-30 months
31-36 months
Over 56 months
Total

Used cars 1/
12 months or l e s s
13-18 months
19-24 months
Over 24 months
Total

j

Total
June

May

Purchased
paper
May
June

Direct
loans

May

i

100.0

21.5
6.6
71.4
0.5
100.0

40.8
13.2
45.8
0.2
100.0

42.0
12.9
44.8
0.?
100.0

18.1
18.4
39.2

14.5
16.1
38.9

14.0
16.2
39.6

25.6
22.9
38.6

100.0

100.0

100.0

26.1
22.8
38.3
12.8
100.0

27.1
8.8
63.7
_ M
100.0

28.2
8-7
62.7
0.4
100.0

18.2
18.3
38.8
100.0

20.6
6.8
72.1

1

100.0

from a few banks f o r a l l used cars.
NOTE: Distributions are based on tabulations of data from 128 banks for
May and June and are not intended to be estimates f o r a l l commercial banks.
In June reports covered about 42,000 contracts on new cars, 29,000 purchased
and 13,000 d i r e c t , and 27,000 contracts on used cars, 18,000 purchased and
9,000 d i r e c t . Since composition of the group of banks changes from month to
month data are not comparable with previous r e l e a s e s .
For d i s t r i b u t i o n according to maturities and contract balance as a percentage of dealer cost see f o l l o w i n g page.




s
Not f o r publication

- 2 —

1.4.2

rSALES COST RATIOS AMD MATURITIES
ON AUTOMOBILE INSTALMENT LOANS
JUNE 1961 AND MAY 1961
NEW CARS
(percentage d i s t r i b u t i o n of contracts)

Contract balance
as percentage of
dealer cost 1 /

24 months
or l e s s
1 May

25-30
months
June |May.

Maturities
31-36
months
June IMay

Over 36
months
June j May

Total
June 1 May

PURCHASED PAPEIi
80$ or l e s s
8 1 # t o 9Qfp

91# to 100#
101$ to 110#
Over 110#
Total

2,6
1.6
1.5
0.5

11.5
3.9
3.8
0.8
0.4

12.3
3.8
3.4
1.1
0.4

M

20.4

21.0

6.4

2.3
1.6
2.1
0.7

15.2
17.8
23.9
10.3
_5J

14.1
17.9
24.2
10.2
5.3

7.1

72.9

71.7 i 0.3

0.1
0.1

0.1
0.1

OJL
0.2

29.3
23.4
29.3
11.6
6.4

28.7
23.4
29.8
12.0
6.1

100.0

100.0

40.0
26.0
23.4
7.4
3.2

39.4
27.2
22.6
8.1
__&7

100.0

100.0

32.0
24.1
27.8
10.5
5,6

31.5
24.4
27.9
11.0
5.2

DIRECT LOANS
4.9
6.0
3.2
1.2
0.2

12.2
10.7
13.7
4.6
2.3

12.1
9.8
13.6
4.7
1.9

0.1

i *
0.1

42.3

15.6 I l 5 . 5

43.5

k&JJL

b.i

0.1

14.5 15.0
5.6
5.7
4.2
4.0
1.0, 1 . 4
0.4
0.5

3.1 ! 3.0
2.8
2.5
2.4
2.3
0.6
0.8
0.3
0.3

0.1

0.1
0.1

80# or l e s s
81# to 90#
91# to 100#
101# to 110#
Over 110#

22.9
10.2
5.4
1.8
0.5

22.4
11.4
5.8
2.1
0.6

Total

40.8

4.9
5.1
4.2
1.0

1
j
j
!1

1 *
*

TOTAL
80# or l e s s
81# to 90#
91# to 100#
101# to 110#
Over 110#

14.4
16.0
21.2
8.9
4.8

13.5
15.8
21.4
8.8
4.4

0 . 2 100.0 100.0
63.9; 0.2
t
if Contract balance does not include finance and insurance charges.
* Less than one-tenth of one per cent.
NOTE: Distributions are based on tabulations of data from 6 l banks f o r May
and June and are not intended to be estimates f o r a l l commercial banks.. In June
reports covered about 17,000 contracts on new cars, 13,000 purchased and 4,000
d i r e c t . Since composition of the group of banks changes from month to month,
data are not comparable with previous r e l e a s e s .
Total

j 25.7

26.6




8.8

9.3

65.3

Not f o r publication
L.4.2

DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTALMENT LOANS (continued)
JUNE 1961 AND MAY 1961
USED CivRS
(Percentage d i s t r i b u t i o n of contracts)

Contract balance
r.3 percentage of
wn:L-3sale value l / 2J

12 months
or l e s s
June t Lay

Maturities
Over 24
13-18
19-24
months
months
months
June ( May June I May June | May

Total
June !

May

PURCHASED PAPER
80% or l e s s
819$ to 90%
91# to 10096
101% to 110%
Over 110%
Total

20.2
14.5
26.8
15.4
23a

5.6
2.4
3.1
2.2
2.5

4.5
2.6
3-4
2.4
2.7

3.8
2.2
3.1
2.4
3.8

3*5
2.4
3.2
2.6
4.4

6.6
6.1
10.0
6.2
9.1

6.3
6.8
10.2
7.0

4.2
3.8
10.6
4.6
-lil

JLL

15.8

15.6

15.3

16.1

38.0

39.8

30.9

28.5

100.0

100.0

14.1
3.5
4.7
3-4
2.1

15'6
3-4
5.13.1
2.0

6.0
4.2
6.0
3.6
2.5

6.8
5.3
5-7
2.7
3.5

8.6
8.7
9.6
5-7
5.8

7.6 . 2.1
8.4
1.2
8.7
3-4
1.8
5-0
6.0
3.0

1.8
1.8
2.8
1.9
2.8

30.8
17.6
23.7
14,5
13.4

31.8
18.9
22.3
12.7
J M

27.8

29.2

22,3

24.0

38.4

11.5

11.1

3.6
3.1
8.5
3.8
6.4

3.1
2.9
7-4'
4.0
5.9

3.6
3.4
9-4
5.0

17.9
15.2
26.2
17.0
2M

DIRECT LOANS
80% or l e s s
81% to 90%
91% to 100#
101# to 110%
Over 110%Total

35.7

100.0 , 100.0

TOTAL
80% or l e s s
81% to 90%
91% to 100%
101% to 110%
Over 110%

8.0
2.7
3.5
2.6
2.4

7.8
2.8
3-9
2.6
2.5

4.4 . 4.5
2.7
3-3
4.0
4.0
2.8
2.6
4.1
3.4

7-2,
6.9
9.9
6.0
8.1

6.7
7.3
9.7
6.5
•8.4

23.2
15.4
25.9
15.2
20.3

22.1
16.3
25.0
15-7
20.9

17.3 j 18.5 38.1 38.6 25.4 23.3 100.0 100.0
—
L
1
1/ Contract balance does not include finance and insurance charges.
2 / Wholesale value represents "average wholesale," "as i s , " or "buying value"
as indicated by used car guides.
NOT5: D i s t r i b u t i o n s are based on tabulations of data from 41 banks f o r
May and June and are not intended to be estimates f o r a l l commercial banks. In
June reports covered about 10,000 contracts on used cars, 7,000 purchased and
3,000 d i r e c t . Since composition of the group of banks changes from month to
month, data are not comparable with previous r e l e a s e s .
Total

19.2




19.6