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21 •0 % t f o r publication LoU.2 BOARD OF GOVERNORS OF THE FEDERAL'RESERVE SYSTtM DEeQKTRQliLES AFTER S I X MONTHS MATURITIES ON AUTOMOBILE INSTALMENT LOANS MAY 1957 AND APRIL 1957 ( I n per cent) Maturities Total May New c a r s 2it months or l e s s 25-30 months 31-36 months Over 36 months Total 36.1 25.U 37.it 1.1 100.0 Used c a r s 1 / 12 months or l e s s 13-18 months 19-2h months Over 2it months Total 18.9 23,6 bh.7 12.8 100.0 1 j April Dir ect l o a ns May April Purchased Paper •May April 100.0 26.6 214.9 16.7 1,8 100.0 26.7 26.2 146.5 0.6 100.0 52.7 26.2 21.0 0.1 100.0 52.it 27.9 19.6 0=1 100.0 18.6 22.9 U5.5 13.0 100.0 15,5 20.it it6.9 17.2 IooTo 15.6 19.9 it6.8 18.3 IooTo 25.0 29.3 it0.8 2it.5 28.0 it3.2 36.6 26.9 3,6.1 • itc9 100.0 100.0 1 / 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 c a r s . NOTE: D i s t r i b u t i o n s are based on t a b u l a t i o n s of data from 116 banks f o r A p r i l and May and are not intended to be estimates f o r a l l commercial banks» I n May r e p o r t s covered about 26,000 c o n t r a c t s on new cars# l6>000 purchased and 10,000 d i r e c t , and 21,000 c o n t r a c t s on used c a r s , 13,000 purchased and 3,000 d i r e c t . Since composition of t h e group o f banks changes from month t o month, d a t a are not comparable with previous r e l e a s e s . Fbr d i s t r i b u t i o n according to m a t u r i t i e s and c o n t r a c t balance as a p e r centage of d e a l e r c o s t , see o t h e r s i d e . 3o Not f o r publication - 2 - DEALER COST RATIOS AHD MA^JBITIES ON AUTOMOBILE INSTALM3NT LOMS L.4.2 MAY 1957 AMD APRIL 1957 (In per cent) HEWOARS I 1 Over 3& 25-30 Contract balance,[ 24 months months months or l e s s as -Percentage of April May May April Kay (April May April, dealer cost l / " 11 Purcheised paiper anc . direc;t loar 80% or l e s s 81% to 90% 91%'to 100% 101% to 110% Over 110% Total 10.7 7.5 9.0 8.9 u 150:..?91 1:1 2.5 2.5 S:S 0.4 0 . 7 0.5 24.6 36.9 38.6 28.4 30.2 8.2 8.2 11.9 4.8 ' 1.4 10.9 4.0 1-5 3%.5 |30.9 0.1 0.1 0.1 * 0.1 * 0.2 0.1 0.3 USED CARS Maturities "Over 24 19-24 13-10 12 months Contract balance months months months or l e s s as percentage of dealer cost l / 2 May April May [April May .. (April May April Tot£i l May April 49 6 in. 7 25:8 8.2 2.7 43.7 21.3 100.0 100.0 2.5 Total May-.. Anril Purchased paper and d i r e c t loans 80% or l e s s 81% to 90% 91% to 100% 101% to 110% Over 110% Total 9-3 2.3 2.8 1.1 1.3 16.8 8.7 1.8 3.0 1.2 1.3 16.0 10.4 4.8 10.2 M li 1.6 1.5 23.8 22.8 14.2 10.4 12.0 46.9 14.5 11.7 2.4 2.2 3.8 2.1 48.5 12.5 1:2 4.0 2.0 36.3 li 19-7 23.8 3.8 9.4 1:110.8 36.8 19.8 24.5 10.7 8.2 100.0 100.0 12.7 Simsias indicated by used car guides. data are not comparable with previous r e l e a s e s .
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