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V
Not for publication
aRD OF GOVERNORS OF TIL] ? i'DJR-L RB5 3RT3 SYSTEM
L.4.2
DECONTROLLED AFTER SIX
\
July 13, 1962
^MdTupiTI j]3 ON AUTOHOBILS INST.-vLr ^i\TT, LOANS
M&y 1962 AND APRIL 1962
(: Rentage distribution of contracts)
Maturities
Total
Mav
April
Purchased
paper
April
•Tfev
New cars
24 months or loss
25-30 months
31-36 months
Over 36 months
Total
25.2
7.2
66.9
25.7
7.3
66.5
19.0
5.5
74.7
100.0
100.0
100.0
Used cars l/
12 months or less
13-18 months
19-24 months
Over 24 months
Total
16.5
15.4
36.8
29.3
100.0
16.7
16.4
38.7
28.2
100.0
12.5
13.5
38.4
100.0
Direct
May
April-
37.3
10.3
51.9
19.3
5.6
74.4
-0J.
100.0
100.0
38.6
10.8
50.5
0.1
100.0
12.0
14.3
39.1
34.6
100.0
25.7
19.7
39.7
14.9
100.0
26.8
21.0
38.0
14.2
100.0
l/ Figures are predominantly for late model used cars but include data
from a few banks for all used cars.
NOTE:
Distributions are based on tabulations of data from 126 banks for
April and May and are not intended to be estimates for all commercial banks.
In May reports covered about 44,000 contracts on new cars, 29s000 purchased
and 15,000 direct, and 25,000 contracts on used cars, 17,000 purchased and
8,000 direct. Since composition of the group of banks changes from month
to month, data are not comparable with previous releases.
For distribution according to maturities and contract balance as
a percentage of dealer cost see following pages.
Not for publication
DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTAIMENT LOANS
L.4.2
MAY 1962 AND APRIL 1962
NEW CARS
(Percentage distribution of contracts)
Contract balance
as percentage of
dealer cost l/
80% or less
81% to 90%
91# to 100#
101% to 110%
Over 110%
Total
80% or less
81% to 90%
91% to 100%
101% to 110%
Over 110%
Total
80% or less
81% to 90%
91% to 100%
101% to 110%
Over 110%
24 months
or lass
25-50
months
Maturities
31-56
months
Over 36
months
Total
12.1
2.8
5.2
0.8
0.4
11.7
3.3
3.1
0.9
0.3
2.4
1.5
1.1
0.5
0.1
FU11CHASED PAPER
0.1
2.5 16.0 17.0
0.1
1.2 16.8 16.6
0.2
1.2 24.8 24.0
0.6 12.4 12.0
0.2
19.2
19.2
5.4
5.5
74.8
0.4
20.7
6.8
9.5
1.5
0.3
20.5
6.9
9.4
1.7
0.6
4.6
2.6
6.2
0.9
DIR JCT LOANS
4.4 13.0 12.8
2.5
9-9 10.7
6.2 16.5 16.5
1.0
5.1
5.6
1.9
0.1
2.3
0.1
0.1
0.1 38.3
19.4
31.8
*
7.8
*
2.8
38.4
39.0
14.6
15.9
46.9
0.2
0 . 1 100.0 1 0 0 . 0
14.6
5.9
•4.9
0.9
0.3
14.1
4.5
4.9
1.1
0.4
3.0
1.7
2.6
6.6
0.2
2.9
1.5
2.6
0.7
0.2
TOTAL
15.1 15.9
14.9 15.0
22.4 21.9
10.4 10.1
0.1
0.1
0.1
0.1 32.7
20.5
*
0-2 50.0
12.0
4.8
67.2
0.3
0.3 100.0 1 0 0 . 0
8.0
75.0
46.9
*
Ju2 Jhl
67.0
0.1 30.5
21.0
*
0.2 29.3
13.7
. ,*
31.1
21.2
28.6
13.5
-IzZ
0.3 100.0 100.0
37.7
19.9
32.1
7.7
_ M
32.9
20.8
29.5
11.9
Jhl
Total
24.7 24.7
7.9
1
and insurance charges.
1/ Contract bo.].ance <loes not inc]Lude f]
* Less than one-tenth of one per cent.
NOTE: Distributions are based on tabulations of data from 66 banks for April
and May and are not intended to be estimates for all commercial banks. In May
reports covered about 21,000 contracts on new cars, 15,000 purchased and 6,000
direct. Since composition of the group of banks changes from month to month,
data are not comparable with precious releases.
Details may not add to totals because of rounding.
Not for publication
- 3 -
L.4.2
DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INST.JJTIINT LOANS (continued)
MAY 1962 AND APRIL 1962
U33D CAES
(Percentage. distribution of contracts)
Contract balance
as percentage of
wholesale value l/ 2/
13-18
months
May {Apr | May I Apr
80$ or less
81$ to 90$
91# to 100#
101$ to 110$
Over 110$
3.9 | 2.4
1.7 I 2.1
2.4
2.6
1.4
2.0
2.4
3.4
12 months
Maturities
19-24
months
Nay | Apr
Over 24
months
May I Apr
Total
May | Apr
PURCHASED PAPoR
Total
3.9
1.9
2.7
1-3
2.0
2.7
2.1
2.8
1.7
5.5
5.9
9.4
7-1
10.7
6.2
9.1
7-0
11.0
3-9
4.4
9.0
7.8
12.2
4.2
4.2
8.4
6.8
12.2
38.5
39.2
37.3
35.8
5.8
15.7
14.2
23.7
18.1
28.3
16.6
14.2
22.7
16.9
29.6
11.6
11.9
12.5
13.1
13.7
3-2
4.3
1.8
1.6
14.6
3.5
5.9
2.6
1.8
7.1
3.6
6.9
2.4
2.0
8.0
3.3
6.8
2.3
2.4
10.2
7.5
13.6
5.2
3.8
9.1
8.2
12.1
3.6
4.2
3.1
1.7
4.1
2.5
JV[
2.8
1.8
3.6
1.3
2.1
24.6
28.4
22.0
22.8
40.3
37.2
13.2
11.7
6.7
7.0
3.7
2.2
2.2
2.5
3.1
3.4
3.8
1.4
1.8
2 . 1
JZil _2^2 - M
4.2
2.4
3.9
1.9
6.7 I 3.6
3-6
6.7
7.6
9.9
6.2
6.0
9.0
9.1
3.8
3.5
7-0
5.2
9.2
20.9
14.7
25.1
16.2
22.7
Z L l
30.2
28.7
100.0
1 0 0 . 0
100.0 100.0
DIRECT LOANS
80$ or less
81$ to 9 0 $
91^ to 1 0 0 $
101$ to 110$
Over 110$
Total
34.1
15.9
28.9
11.9
9.2
34.6
16.8
28.5
9.8
10.4
100.0 100.0
TOTAL
80$ or less
8 1 $ to 90$
9 1 $ to 1 0 0 $
lOl/o to 110$
Over 110$
Total
15.3
16.6
15.2
15.8
6.9
6.3
10.5
6.5
- M
!
38-9 138.4
2 1 . 7
14.9
24.5
14.8
1
i*
*
1
&
#
• r
%
1/ Contract balance does not include finance and insurance charges.
2/ v.'holesale value represents "average wholesale,11 "as is," or "buying value"jhv,
as indicated by used car guides.
NOTE: Distributions are based on tabulation of data from 47 banks for
April and May and are not intended to be estimates for all commercial banks. In
May reports covered about 11,000 contracts on used cars, 8,000 purchased and
i $
3 ,000 direct. Since composition of the group of banks changes from month to month,
data are not comparable with previous releases.
Vf
Details may not add to totals because of rounding.
for FRASER
/h
Digitized
@FedFRASER