The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
dCwvV) ^vyjyrvxe^ Not f o r publication BOARD OF GOVERNORS OF Tliii FEDii AL RE3..RVE SYSTEM June 8, 1962 DECONTROLLED A F T B B P & I X MDNTHSMATURIT - E S ON AU T O M O B I L E INSTiLi-iENT lOAKS \ \ .7\ A P R I L 1 9 6 2 AND MARCH 1 9 6 2 (Percentage d i s t r i b u t i o n of contracts) Maturities New cars 2h months or l e s s 25-30 months 31-36 months Over 36 months Total Total April March 25.7 7.3 66.5 o.5 26.3 7.U 65.7 • 0.6 100.0 100.0 Purchased April f:S 7Lk 100.0 100.0 19.8 38,6 5.8 73.6 __0fZ 0.8 10.8 50.5 _oa 100,0 100.0 100.0 100.0 12.1 lit.6 39.0 3U.3 26.6 21.1 26.6 UsecL cars l / 12 months or l e s s 13-18 months 19-2U months Over 2h months Total March Direct loans April March 100.0 100.0 38.0 20.5 Jk-1 38.2 lU.7 100.0 100.0 1/ Figures are predominantly 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: — Distributions are based on tabulations of data from 126 banks f o r March and April and are not intended to be estimates f o r a l l commercial banks. In April reports covered about b.3,000 contracts on new cars, 29,000 purchased and lU>000 d i r e c t , and 2b,003 contracts on used cars, 17,000 purchased and 7,000 d i r e c t . Since composition of the group of banks changes from month to i.onth, 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 balances as a percentage of dealer cost see following pages. ZO? Not f o r p u b l i c a t i o n - 2 - DEALER COST RATIOS AND MATURITIES ON AUTOLOBILE INSTALMENT LOA/S L.iu2 APRIL 1962 AND MARCH 1962 NEW CARS (Percentage d i s t r i b u t i o n of c o n t r a c t s ) Contract balance as percentage of dealer c o s t 1 / Maturities Over 36 31-36 2k months 25-30 or l e s s months months months Apr, j Mar. I Apr. | Mar, j Apr. | Mar, j Apr.~"|~Mar, Total Apr, j Mar, PURCHASED PAPER 80% or l e s s 11.6 12,0 I Ql% to 90% 3.1 3.3 913 to 100% 2.7 3.1 101% to 110,1 0.9 0.9 Over 110,0 0.3 - 2 A | Total 19.2 2.3 1.2 1.2 0.6 0^2 2.2 j 17.0 1 . 1 16.6 1 . 3 2&.0 0 . 6 12.0 j-iz2 16.6 17.3 23.7 12.5 li.7 0.2 0.1 0.1 0.2 19.1 ! 5.5 5 . 5 | 71.8 7U.8 3.3 o.h 100.0 100.0 0.1 0.1 37.8 37.3 19.9 19.6 32.1 33.U 7.6 7.3 2.6 _ 2 A 100.0 100.0 0.1 # 31,0 21.2 28.6 13.5 J-I 30.9 21.7 27.9 Ui.O — DIRECT LOANS 80% or l e s s 81,1 to 90S 91S to 1005s 1013 to 110* Over 110^ Total 20.5 6,9 9.5 1.6 0.6 20.8 7.2 10.0 l.ii 0.3 U.U 2.3 6.1 1.0 0.1 U.2 2.3 6.0 0.9 M 39.1 39.7 13.9 13.6 12.8 12.3 10.7 1 0 . 1 16.1* 17.3 5.1 5.0 1.9 1.9 0.1 U6.6 0.1 ; 0.2 15.4 15.U 22.0 10. k it.O 0.1 0.2 0.1 0.1 0.1 67.2 0.3 0.3 U6.9 TOTAL 80,1 or l e s s 81% to 90% 91,1 to 100% 101% to 110,0 Over 110£ Total 32.9 20.9 29.5 11.9 Ju8 32.6 21.1 29.il 12.2 Jul 100.0 100.0 1 / Contract balance" does 'not include 'finance and insurance charges.' * Less than one-tenth of one per c e n t . 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 66 banks f o r March and A p r i l and are not intended to be estimates f o r a l l commercial banks. A p r i l r e p o r t s covered about 20,000 c o n t r a c t s on new c a r s , 15,000 purchased and 5,010 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 . D e t a i l s may not add t o t o t a l s because of rounding. I: : J ZOfo Hot f o r p u b l i c a t i o n L.4.2 - 3 DEALER COST RATIOo aMD MATURITIES ON AUTOMOBILE INSTALMENT LOANS (continued) APRIL 1962 AND MARCH 19 62 US3D CAES (Percentage d i s t r i b u t i o n of c o n t r a c t s ) Contract balance as percentage of wholesale value l / 2 / 12 months or l e s s Apr, i Mar. Maturities Over 2419-24 months months months Apr. I Mar. "Apr, j Mar. ! Apr. | Mar. 13-18 Apr, j PURCHASED PAPER 80$ or l e s s 81$ to 90$ 91$ to 100$ 101$ to 110$ Over 110$ Total 3.9 1.7 2.5 1.4 2.4 4.0 1-9 2.2 1.5 1.8 2.7 2.0 2.8 1-7 -4.0 2.8 2.2 3.1 1.8 3.4 5.8 6.2 9.1 7.0 11.0 6.2 6.7 9-4 6.9 - M 4.2 4.2 8.4 6.8 12.2 3-7 5.0 9.1 6.8 11.6 16.6 14.2 22.7 16.9 29.6 16.7 15.9 25.8 17.0 26.6 11.9 11.4 13.1 13.3 39.1 39.0 35-8 36.2 100.0 100.0 DIRECT LOANS 80$ or l e s s 81$ to 90$ 91 $ to 100$ 101$ to 110$ Over 110$ u 2.7 1.8 14.3 3-9 3.8 2.0 2.2 8.4 3.4 6.5 2.5 2.5 7.6 3-2 5-3 2.4 _&4 9.6 8.6 10.8 3.7 10.0 9.8 11.8 4.7 Jhl 3.0 1.9 3.3 1.4 2.2 3.3 2.4 3-3 1.3 1.9 36.3 17.6 25.0 10.3 10.8 35.2 19.2 24.2 10.4 11.1 27.9 26.1 23.2 20.9 37.1 40.7 11-7 12.2 100.0 100.0 7.1 2.3 3-0 1.8 2.2 7.0 2.5 2.7 1.6 4.3 2.4 3-8 1-9 _Ii1 4.2 2.5 3 7 2.0 3.1 6.8 6.8 9.6 6.1 3-9 7-3 3.5 7.6 4.3 3.3 10.0 7-0 7-4 6.2 5-2 5.2 _8^2 _ M _ M 22.1 15.1 23.4 15.0 24.2 22.0 16.9 23.8 15.1 22.0 16.3 15.6 15-9 15.5 38.4 100.0 100.0 15.4 TOTAL 80$ or l e s s 81$ to 90$ 91$ to 100$ 101$ to 110$ Over 110$ Total 39.3 28.9 29.1 1/ Contract balance does not include f i n a n c e and insurance charges. 2 / Wholesale value r e p r e s e n t s "average wholesale," "as i s , " or "buying value" as i n d i c a t e d by used car guides. NOTE:—Distributions are based on t a b u l a t i o n s of data from 46 banks f o r March and A p r i l and are not intended to be estimates f o r a l l commercial banks. In April r e p o r t s covered about 11,000 c o n t r a c t s oh used c a r s , 8,000 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 . D e t a i l s may not add t o t o t a l s because of rounding.
@FedFRASER