Full text of L.4.2 Auto Loans by Commercial Banks : Maturities and Dealer Cost Ratios : March 11, 1957

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Not f o r p u b l i c a t i o n DBCOSTROLlSD AFTER S

^

BOARD OF GOVERNORS OF THE. Mj£RAli PRESERVE SYSTEM
L'k'2

March 11, 1957
MATURITIES ON'AUTOMOBILE INSTALMENT LOANS
JANUARY 1957 AND DECEMBER 1956
:

4in.per: c
•

Maturities
New oars
•&V months or l e s s
25-30 months
31.-t36. months •
Over 36 months
Total, .

Used.cars'1% /
12 months o r - l e s s
13-18 mo.nths'
19-2U-months- '.
Over. 2h months
Total .

.n . *

. ... T6 #al —
Dec.
Jan.:

e

^

.

:

.

Purchased •
pa piar
Jan. • Dec.
r

Direct
" ' : %oaris
Jan.
Dec.

J
39.2.
26.9'
'33.5.
• o.6"
loouo

,

'

38.li . 31.1 : '29.3 : 53.0
.55.6
"
26.7 - . 25.,7
. 28.0 • 27.0 : 29.2
:
(
1*1.2
I
20.2 .: 19:. 1 .
Ui.3
33.U
';V0.3.:
0.1
0.2
• • • P. 2 ...
"100.0
100.0
100.0 ' 1 0 0 . 0 ; 100.0

18 <0 • : vlS,8- . . . l i d : ;
22.3 ' --2itV2 . ; •
2 i . r r 21.9:
2.7,8,
23.5 :2'3,5
U3<8,,vlt2.9
k3.-9.
, 6.1;
11.6 - • • l W - •18*6 i - 1 8 . 6
100.0""
100.0 : looToT' m o '
I00T0 :

• :v; l/FLgures a r e predominately ,for l a t e inodel vised c a r s but include, data
:
from a few banks f o r ,a3JL. used c a r s .
j
' NOTE} Based
l d i e i i t i i r a l - 6 ^ 1 e ^ ^ 1247banks f b r Deqember
i
6nd...JahaEp?y covering .about 21jOOp c o n t r a c t s on hew cars# 13,000 purchased
and 8>000 d i r e c t , 19,000 contracts• on-used cars,. 13^000 purchased and 6,000
direct* Since a composition of sample changes from month t o month, data are
not ...strictl y comparable! with previous' r e l e a s e s , '
• •
For d i s t r i b u t i o n - a c c o r d i n g , to. m a t u r i t i e s and Contract balance as a
percentage of dealer c o s t , see other s i d e .
"
'




« 2 •

Not f o r publication
L.U.2

DEALER COST RATIOS AND MATURITIES
ON AUTOMOBILE INSTALMENT LOANS
AFTER SIX MONTH^ANUARY 1957 AND DECEMBER 1956

(In per cent)

Contract balance
as percentage of
dealer cost l /

24 months
or l e s s
Jan. Dec.

Maturities
31-36
25-30
months
months
J a n . | Dec. J a n . | Dec.

Over 3b
months
Jan. I Dec.

Total
Jan. Dec.

Pure]based ]>aper 1and dl:rect 1<sans
80$ or l e s s
81% t o 90%
91% to 100%
101% to 110%
Over 110%
Total

Contract balance
as percentage of
dealer cost 1 / 2 /

27.3
7.7
6.2

24.8
9.3
7-0
7.5
5.8 10.3
4.0
1.3
1.1
0.5

42.7

39.4

S:2

12 months
or l e s s
Jan.. Dec.

32.2

11.2
8.4
11.8
3.5
1.1

4.9
6.0
9-5
3.3
1.1

36.O 24.8

*
5-9
5-3
8.0 0.2
4.0 0 . 1
1.2
24.4

Maturities
13-18
19-24
. months
months
J a n . I Dec. J a n . | Dec.

0.3

*
0.1
0.1
0.2

Over 24
months
J a n . | Dec.

41.5
21.2
26.2

41.9
20.7

2.8
2:1 lis

100.0 100.0

Total
Jan. Dec.

.Purcllased ]iaper tand dl]rect lc)ans
80% or l e s s
81% t o 90%
91% to 100%
101% to 110%
Over 110#
Total
1 /PrM-i

10.4
2.2
2.9
0.9
1.1

10.4

10.3

*:!
0.7
1.1

1.5

17.5

16.7

22.6

11
1.7

10.6
4.4
4.1

14.0
11.0

l-l

14.2
9.2
12.8
5.9
3.9

22.6

46.0

45.7

2.8
2.8
4.2
2.2
1.9
13.9

2.9
2.4
2.0

37.7 37.9
18.7 20.4
24.5 23.0
10.7
9.3
8.4
9.4

15.0 100.0 100.0

r*4" V o l o v

as indicated "by used carjjiiides.
•Lees 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 i d e n t i c a l sample of 81 banks f o r December and January, covering
about 9,000 contracts on new cars, 6,000 purchased and 3>000 d i r e c t , and
8,000 contracts on used c a r s , 5,000 purchased and 3,000 d i r e c t .