SECTION C DATA. TABLE Cl. Debt to Inc., Instal.

Transcription

1 This PDF is a selection from an out-of-print volume from the National Bureau of Economic Research Volume Title: Measures of Credit Risk and Experience Volume Author/Editor: Edgar R. Fiedler Volume Publisher: NBER Volume ISBN: Volume URL: Publication Date: 1971 Chapter Title: Section C: Data Chapter Author: Edgar R. Fiedler Chapter URL: Chapter pages in book: (p )

2 SECTION C DATA TABLE Cl 1. Household Sector, Ratios of Consumer Instalment Debt and Debt Payments to Income, Annual, (per cent) Instal. Debtor Fams. Instal. Portion Families Debt to Inc., Instal. Instal. Paymts. to Debt to with Instal. Debtor Enstal. Debt Paymts. Disp. Inc. DPi Debt Families Repaymts. Serv. to to Inc. (SCF) HIl H13 H14 to DPI DPI (NBER) H17 Year (year-end) (Jan Feb) (year-end) HI5 H16 HIlO (Jan Feb) ! (continued)

3 Data 123 TABLE Cl concluded Instal. Debtor Fams. instal. Portion Families Debt to Inc., Instal. Instal. Paymts. to Debt to with Instal. Debtor Instal. Debt Paymts. Disp. Inc. DPi Debt Families Repaymts. Serv. to to Inc. (SCF) Hil H13 H14 to DPI DPI (NBER) Hl7 Year (year-end) (Jan Feb) (year-end) HiS H16 HIlO (Jan Feb) Note: Horizontal lines between figures indicate breaks in the continuity of the series; see source notes for explanation.

4 TABLE C2 I. Household Sector, Consumer Instalment Credit, Annual, (per cent) Portion of Instal. Sales Fin. Co., Debtor Fams. with Portion of Auto Loans Propor., Loans with Prnts.-Inc. Ratio of with High Dealer Cost Ratio & Long Matur., Sales Fin. Co. 20% or 10% or more more H18 H19 Com'l Banks, New Cars Loan-to-Value Ratio Over: Dealer-cost Ratio H114 Loan-price Ratio H %, 120%, New Cars Used Cars Dowrtpaymt. Ratio on Appliance Loans H126 New Cars Used Cars Year (Jan Feb) (Jan Feb) H1l2 H113 (year-end) (year-end) H116 H122 (year-end) (91 98) 96 68(62 76) Note: Horizontal lines between figures indicate breaks in the continuity of the series; see source notes for explanation. C#D (ID C C-) (D -t 0 CD

5 Data 125 TABLE C3 I. Household Sector, Ratios of Consumer Instalment Debt to Assets, Annual, (per cent) Instal. Instal. Debt Debt Ratio to Liquid Outst. to Value Outst. to Value Auto Debt Outst. to Assets of Households of Cons. of Cons. Value Debt Cons. Durables Durables of Autos Outst. Instal. H131 H H133 Debt Pmts. Year (year-end) Year (year-end) (year-end) (year-end) H (continued)

6 126 Measures of Credit Risk and Experience TABLE C3 concluded Instal. Instal. Debt Debt Ratio to Liquid Outst. to Outst. to Auto Debt Assets of Households Value Value Outst. to of Cons. of Cons. Value Debt Cons. Durables Durables of Autos Outst. Instal. H H132 H133 Debt Pmts. Year (year-end) Year (year-end) (year-end) (year-end) H Note: Horizontal lines between figures indicate breaks in the continuity of the series; see source notes for explanation. TABLE C4 I. Household Sector, Consumer Instalment Credit, Annual, Computed Average Duration of Debt Outstanding Portion of Cons. Repair & Rec'bles Mat. in Auto Durables Pers'l Modern, over 12 All Cons. Loans, All ex Autos, Loans, All Loans, All Mo., Sales Holders Fin. Co. Holders All Holders Holders Holders Fin. Co. H137 H143 H H147 H148 H140 Year (months) (months) (months) (months) (months) (months) (yr.-end, %) (continued)

7 Computed Data 127 TABLE C4 concluded Average Duration of Debt Outstanding Portion of Cons. Repair & Rec'bles Mat, in Auto Durables Pers'I Modern, over 12 All Cons. Loans, All ex Autos, Loans, All Loans, All Mo., Sales Holders Fin. Co. Holders All Holders Holders Holders Fin. Co. H137 H143 H145 H146 H147 H148 Hl40 Year (months) (months) (months) (months) (months) (months) (yr.-end, %)

8 TABLE CS I. Household Sector, Consumer Instalment Credit: Maturities, Annual, Most Common Max. on New Portion of Loans with Long Most Common Autos, Commercial Banks Average Maturity, Large Maturs., Sales Fin. Co. Max. on Sales Fin. Co. Appliances, Direct Indirect New Cars Used Cars Com'l Banks FHA Prop. Imprmnt. H149 H150 New Cars Used Cars over 36 Mo. over 30 Mo. H184 Loans (year-end, (year-end, H163 H164 H167 H174 (year-end, H189 Year months) months) (months) (months) (per cent) (per cent) months) (months) , CD p CD C,) -t CD CD CD CD

9 Data 129 N N N N N N N N N \b '0 N N C\OON 0 NOON N N N N N N N N N N N N N rn N., 0'0'c'c'o n 0 \0 N N 00 \O'.O o, o.

10 130 Measures of Credit Risk and Experience TABLE C6 I. Household Sector, Delinquency and Repossession on Consumer Instalment Debt, Annual, (per cent) Delinq. Proportion Delinq. Rate, 6 Types Over Da. or Auto Reposs., of Loans, Com'l Banks Da., Sales Fin. Co. More, Cons. Fin. Co. Com'l Banks H192 H1103 H1112 Direct Indirect Year (year-end) (year-end) (year-end) H1123 H Note: Horizontal lines between figures indicate breaks in the continuity of the series; see source notes for explanation.

11 Data 131 TABLE C7 I. Household Sector, Loss Rates on Consumer Instalment Credit, Annual, (per cent) Net Rate Claims on Instal. Paid All Types of Loans, Rec'bles Personal Loans, On FHA Com'l Ranks Liquidated, Sales Com'l Banks Cons. Fin. Co. Prop. lmprov. Gross Net Fin. Co. Gross Net Gross Net Loans Year H1127 H1128 H1136 H1145 H1146 H1151 H1152 H Note: Horizontal lines between figures indicate breaks in the continuity of the series; see source notes for explanation.

12 TABLE C8 II. Household Sector, Ratio of Home Mortgage Debt and Payments to Income, Annual, (per cent) Portion Mortg. Amt. Mortg. Pay- Mortg. Fams. with to Net Inc., Mortg. Amt. Mortg. Debt ment to Inc., Debt to DPI Mortg. FHA Exist. to Disp. Service Debtor HMI HM2 Homes Inc., VA to DPI Families Year (year-end) (Jan-Feb) HM5 HM7 HMIO HMI Note: Horizontal lines between figures indicate breaks in the continuity of the series: see source notes for explanation.

13 Ratios, Housing Expense to Net Inc. FHA Exist. Homes Data 133 TABLE C9 II. Household Sector, Home Mortgages, Annual, (per cent) Portion with Low Downpmt. and Long Mat. Loan-to-Price Ratios Cony. Home Mortg. Portion with Ratio of 25% VA FHA 5 Types of Lenders, Savings & Average or More Average Exist. Homes VA Exist. Homes Loan Assns. Year HM13 HM15 HMI7 HM27 HM29 HM32 HM4O , Note: Horizontal lines between series indicate breaks in the continuity of the series; see source notes for explanation.

14 TABLE ClO II. Household Sector, Home Mortgage Loan-to-Value Ratios, Annual, (per cent) FHA Exist. Homes VA Life Insurance Co. Portion with Ratio Over Portion with No (Guttentag) (Morton) Average 95% 90% 85% Average Downpmt. Year HM57 HM59 HM65 HM66 HM67 HM68 HM74 HM ! I' (b -t C C.) (D C- r)

15 Data 135 N N 00 N. N N N N N N C\ Q\ C\ 0\ 0'. 0'. 0'. '.0 0'. 0'. 0'. 0'. 0'. '.0 N r-nn 0'. 0'. 0'. o'.a U If'. '.O.-N- '.0 N N N ci'.onoo (NN N N N N 00 0'. N 0'. 0'. If'. If'. '.0 N 000'. If'. 0'. 0'. 0'. If'. 0'. 0'. 0'. 0'. 0'. '.0 N 00 '.0 0'. 0'. 0'

16 136 Measures of Credit Risk and Experience Debt Outst. to Housing Value, mci. Land TABLE Cli II. Household Sector, Ratios of Home Mortgage Debt to Assets, Annual, (per cent) Ratios to Liq. Assets of Households Ratios to Liq. Assets of Borrowers, VA HM8O HM8O Mortg. Debt Outst. HM81 Mortg. Paymt. Mortg. Amt, Annual Housing Expense Year (year-end) Year (year-end) (year-end) HM82 HM84 HM , , (continued)

17 Data 137 TABLE Cli concluded Ratios to Liq. Assets Ratios to Liq. Assets of Households of Borrowers, VA Debt Outst. to Housing Value, End. Land Mortg. Annual Debt Outst. Mortg. Mortg. Housing HM8O HM8O HM8I Paymt. Amt. Expense Year (year-end) Year (year-end) (year-end) HM82 HM84 HM Note: Horizontal lines between figures indicate breaks in the continuity of the series; see source notes for explanation.

18 TABLE C12 H. Household Sector, Home Mortgage Maturities, Annual, Types of Lenders, Existing Homes Life Insurance Co. (Guttentag) (Morton) Average FHA, Existing Homes Proportion with Matur. Average VA Proportion with 30- yr. Matur. HM9O HMI13 HM1I5 HM121 HM122 HM123 HM128 HM129 Year (years) (years) (years) (years) (per cent) (per cent) (years) (per cent) Over 35 yr. Over 25 yr : CD p -t CD C,) 0 C) -t CD Cl) p rn CD -t CD C) CD

19 Note: Horizontal lines between figures indicate breaks in the continuity of the series: see source notes for explanation.

20 140 Measures of Credit Risk and Experience 2 Mo. or More, Savings TABLE C13 II. Household Sector, Home Mortgage Delinquency and Default, Annual, (year-end, per cent) Mortgages Past Due: 3 Mo. or More, Mut. Savings 2 Mo. or More, Life Insurance Co. FHA Defaults Home Nonfarm Current VA Loan Assns. Banks Mortg. Mortg. Series Defaults Year HMI4O HM143 HM153 HM155 HM158 HM159 HM ! Note: Horizontal lines between figures indicate breaks in the continuity of the series; see source notes for explanation.

21 Data 141 TABLE C14 II. Household Sector, Home Mortgage Foreclosures, Annual, Rate per 1,000 Number of Forecis. Per Cent Forecl'd All Real Nonfarm All Real Nonfarm Life Estate Real Estate Estate Real Estate ins. Co. FHA VA Year HM179 HMI8O HMI8I HM182 HM197 HM199 HM , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , (continued)

22 142 Measures of Credit Risk and Experience TABLE C14 concluded Rate per 1,000 Number of Forecls. Per Cent Forecl'd All Real Nonfarm All Real Nonfarm Life Estate Real Estate Estate Real Estate Ins. Co. FHA VA Year HM179 HM18O HMI8I HM182 HM197 HM199 HM , , , , , , , , ,404 90, TABLE C15 II. Household Sector, Home Mortgage Loss Rates, (per cent) Year Life Ins. Co. HM212 Com'l Banks HM213 FHA HM Note: Horizontal lines between figures indicate breaks in the continuity of the series; see source notes for explanation.

23 Data 143 TABLE C16 III. Household Sector, All Household Credit Combined, Annual, (ratios in per cent) Ratio to DPI Ratio to Liq. Assets Ratio, Cons. Instal. & Home Mortg. Debt Outst. to Value of Major Cons. Dur. & Cons. Cons. Total Nonbusiness Housing Including Land All Debt Instal. All Debt Instal. Bankruptcies Outst. & Mortg. Outst. & Mortg. HC4 HC4 HC1 Debt Serv. HC6 Debt Serv. HC9 Year (year-end) Year (year-end) (year-end) HC2 (year-end) HC7 (number) , , , , , , , , , , , , , , , ,219 (continued)

24 144 Measures of Credit Risk and Experience TABLE C16 concluded Ratio to DPI Ratio to Liq. Assets Ratio, Cons. Instal. & Home Mortg. Debt Total Non- Outst. to Value of Major Cons. Dur. & Cons. Cons. business Housing Including Land All Debt Instal. All Debt Instal. Bank- Outst. & Mortg. Outst. & Mortg. ruptcies HC4 HC4 HC1 Debt Serv. HC6 Debt Serv. HC9 Year (year-end) Year (year-end) (year-end) HC2 (year-end) HC7 (number) , , , , , , , , , , , , ,266 Note: Horizontal lines between figures indicate breaks in the continuity of the series; see source notes for explanation. TABLE C17 IV. Business Sector, General Financial and Trade Credit Ratios, Annual, (per cent) Manufacturing Corp. Nonfinancial Corp. Net Working Rec'bles Payables Cash Flow Cash Flow Net Worth Capital to Outst. to Outst. Current Quick to Total to Debt to Debt Total Assets Sales to Sales Ratio Ratio Liab. Payments BG7 BG1O B629 BG33 BG1I BGI4 Year BG2 BG4 (year-end) (year-end) (year-end) (year-end) (year-end) (year-end) (continued)

25 Data 145 TABLE C17 concluded Manufacturing Corp. Nonfinancial Corp. Cash Flow Cash Flow Net Worth Net Working Capital to Rec'bles Outst. to Payables Outst. Current Quick to Total to Debt to Debt Total Assets Sales to Sales Ratio Ratio Liab. Payments BG7 BG1O BG29 BG33 BOll 8G14 Year BG2 BG4 (year-end) (year-end) (year-end) (year-end) (year-end) (year-end) , Note: Horizontal lines between figures indicate breaks in the continuity of the series; see source notes for explanation.

26 TABLE C18 IV. Business Sector, Credit Ratings and Bankruptcies, Annual, Portion of All Rated Firms with Rating of Portion of Listed "High" or Firms Mfgrs. Whlsrs. Trade Credit Delinq. Business Bankruptcies "Good" "High" "Good" "Fair" "Limited" Unrated BG53 BG57 Filed BG34 BG35 BG36 BG37 BG38 BG39 (year-end, (year-end, RG66 Year (Nov., %) (Nov., %) (Nov., %) (Nov., %) (Nov., %) (Nov., %) %) %) (number) , , , , , , , , , , , , , , , , , , , , , , , , , , , , Note: Horizontal lines between figures indicate breaks in the continuity of the series; see source notes for explanation. CD (M -, CD C -t CD Cl) C- CD -t CD CD CD

27 TABLE C19 IV. Business Sector, Business Failures and Bad Debts, Annual, Failure Liabilities Failure Liabilities Per cent of Fail. Ratio Failures Ratio Liab. to Trade Credit Loss Failures per 10,000 Firms Current Rates, Bad Debts to to Current Liab. of All Businesses Amount per 10,000 Listed Firms, to Current Liab. of All Businesses Amount Listed In Liab. of Nonfin. Rec'bles Sales BG62 BG63 D&B BG62 BG63 D&B Operation Corps. BG7I BG72 Year (per cent) ($ mit.) BG64 Year (per cent) ($ mu.) BG64 BG65 BG6I (per cent) (per cent) (continued) p

28 TABLE C19 concluded Failure Liabilities Failure Liabilities Per cent of Ratio Failures Ratio Liab. to Trade Credit Loss to Current per 10,000 to Current Failures per 10,000 Firms Current Rates, Bad Debts to Liab. of All Listed Liab. of All Liab. of Businesses Amount Firms, Businesses Amount Listed In Nonfin. Rec'bles Sales BG62 BG63 D&B BG62 BG63 D&B Operation Corps. 8G71 BG72 Year (per cent) ($ mit.) BG64 Year (per cent) ($ mu.) BG64 BG65 BG6I (per cent) (per cent) Note: Horizontal lines between figures indicate breaks in the continuity of the series; see source notes for explanation. 00 CD lid (ID C C) CD (ID rn CD CD C) CD

29 TABLE C20 V. Business Sector, Bank Loans, Annual, (per cent) Examiner Criticism Rates, Ratios of Substandard to Total Loans All FDIC-lnsured Banks Loss Rates, Loans of FRS Member Banks 60-Bank (FRB Sample (FDIC) Boston) Gross Net Year BLII BLI2 BLI3 BLI4 BLI l (continued)

30 TABLE C20 concluded Examiner Criticism Rates, Ratios of Substandard to Total Loans All FDEC-Insured Banks Loss Rates, Loans of FRS Member Banks 60-Bank (FRB Sample (FDIC) Boston) Gross Net Year BLII BLI2 BLI3 BLI4 BL Note: Plus sign on net loss rate indicates recoveries exceeded losses. TABLE C21 VI. Business Sector, Corporate Bonds, Times-Charges-Earned Ratios, Annual, Year Total BB2 Median Ratio, Publicly Offered Bonds industrials BB4 Public Utilities BBS Per Cent of Pub. Off'd Bonds with Ratio Under 2.0 BB3 Average Ratio, Direct Placements Industrials BB6 Public Utilities BB ,

31 TABLE C22 VI. Business Sector, Corporate Bonds, Annual, Per Cent Per Cent Times-Chgs- of Rated Times-Chgs- of Rated Earned Ratio, Pub. & Dir. Offerings Below Investment Per Cent in Default Earned Ratio, By Year of By Year of Pub. & Dir. Offerings Below Investment Per Cent in Default By Year of By Year of Offerings Grade Default Offering Offerings Grade Default Offering Year BBI BBI4 BB23 BB24 Year BBI BBI4 BB23 BB (continued) LM

32 TABLE C22 concluded Per Cent Per Cent Times-Chgs- of Rated Times-Chgs- of Rated Earned Offerings Per Cent in Default Earned Offerings Per Cent in Default Ratio, Below Ratio, Below Pub. & Dir. Investment By Year of By Year of Pub. & Dir. Investment By Year of By Year of Year Offenngs Grade Default Offering Offerings Grade Default Offering BBI BBI4 BB23 BB24 Year BBl BB14 BB23 BB c,j Cl) C C) CM rn 0 (D

33 Data 153 TABLE C23 VII. Business Sector, Mortgages on Nonfarm Income-Producing Properties, Annual, Loan-to-Value Ratios (per cent) Maturity (years) Life Com'l Life Com'I Ins. Co. Banks Ins. Co. Banks Year BM4 BM5 BM8 BM

34 154 Measures of Credit Risk and Experience Maturity, Multifam. & Nonres., Life TABLE C24 VII. Business Sector, Mortgages on Income-Producing Properties, Annual, Ratio, Debt-Covr. Loan-to-Value Ratios Mortg. Ratio, (per cent) Amt. to Multifam. Ann. Rent., & Nonres., Multifam. Per Cent of Multifani. Mortg. (year-end) Ins. Co. FHA Multifam. Life Ins. Co. & Nonres., Life FHA Delinquent in Default BM7 BMI BM2 Ins. Co. Multifam. Life ins. Co. FHA Year (years) (ratio) (ratio) BM3 BM6 BM1O 8M

35 Data 155 TABLE C25 VII. Business Sector, Mortgages on Income-Producing Properties, Foreclosure and Loss Rates, (per cent) Forecl. in Foreci. Foreci. by Process, & As- Loss Rates by Period Loan Made, Multi- signed Period Loan Made, Nonfarm Prop. fam., Life Mortg., Multifam., Nonfarm Prop. Life Com'l Ins. Co. Life Com'l Ins. Co. Banks BMI7 FHA Ins. Co. Banks Year BMI5 BMI6 (year-end) BM22 BM25 BM or a Based on less than 50 loans. b Less than 0.05.

36 TABLE C26 VIII. Agricultural Sector, Farm Mortgages and Farmland Sales, Annual, (per cent) Interest Farm Mortgage Ratios Debt Outst. to Value AS Interest Sales of Farmland Ratio, Total Liab. to Agri. Equities Debt Outst. to Value A5 Ratio Price, Proportion Chgs. to Net (beginning of Chgs. to Net (beginning of Credit-Fi- Credit-Fl- A6 (begin- Year Inc. Al year) Year Inc. Al year) nanced A2 nanced A3 fling of year) CD (I) CD C C.') CD (I, C- rn CD I-. CD 0 CD

37

38 1 58 Measures of Credit Risk and Experience TABLE C27 VIII. Agricultural Sector, Farm Mortgage and Machinery Loans, Annual, Per Cent of Mortgages Delinquent (year-end) Machinery Loans Life Insurance Co. FederaJ Per Cent Mortgage (LIAA) (USDA) Land Delinquent Per Cent Maturities A19 A20 Banks A21 A22 Losses Year A8 (years) (per cent) (per cent) (per cent) (year-end) A

39 Data 159 TABLE C28 VIII. Agricultural Sector, Farm Mortgage Foreclosures, Annual, (per cent) Portion of Mortgs., Foreci. in Process, Called for Foreclosure Rates Life Insurance Co. Forecl. Federal Life Insurance Co. (LIAA) (USDA) Land Banks Federal A23 A25 A27 (LIAA) (USDA) Land Banks Year (year-end) (year-end) (year-end) A24 A26 A TABLE C29 IX. State and Local Government Sector, Annual, State & Debt Outst. Nonguar. Rev. Bonds Per Cent Local Debt as % of Debt as % as % of Prop. Tax Municipal Interest as Prop. Value, of Debt Long-Term Delinq., Bankruptcy % of Gen. 200 Cities Outst. Bonds Lss. 200 Cities Cases Filed Revenues S5 SIS S16 S23 S24 Year S3 (year-end) (year-end) (year-end) (year-end) (number) (continued)

40 160 Measures of Credit Risk and Experience TABLE C29 concluded State & Debt Outst. Nonguar. Rev. Bonds Per Cent Local Debt as % of Debt as % as % of Prop. Tax Municipal Interest as Prop. Value, of Debt Long-Term Delinq., Bankruptcy % of Gen. 200 Cities Outst. Bonds Iss. 200 Cities Cases Filed Revenues S5 S15 S16 S23 S24 Year S3 (year-end) (year-end) (year-end) (year-end) (number) ,

41 Data 161 TABLE C30 IX. State and Local Government Sector, Credit Ratings: Proportion of Bonds Rated Baa and Below, Annual, (per cent) Bonds Outstanding (year-end) Bonds Issued Gen. Oblig. Revenue Gen. Oblig Revenue All Bonds Bonds All Bonds Bonds Year S17 S18 S19 S20 S21 S ,

42 TABLE C31 TABLE C32 HI!. Ratio of Consumer Instalment Debt HIS. Ratio of Repayments on Consumer Outstanding to Disposable Personal Instalment Debt to Disposable Personal Income, by Quarters, Income, by Quarters, (per cent) (per cent) Year 1st 2nd 3rd 4th Year 1st 2nd 3rd 4th , TABLE C33 H112. Per Cent of New Car Loans Made with Dealer-Cost Ratio over 100 Per Cent and with Maturity over 30 Months (or on a Balloon Basis), Major Sales Finance Companies, Year Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec

43 Data 163 TABLE C34 H113. Per Cent of Used Car Loans Made with Loan-to-Wholesale-Value Ratio over 100 Per Cent and with Maturity over 24 Months (or on a Balloon Basis), Major Sales Finance Companies, Year Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec ! TABLE C35 H116. Per Cent of New Car Loans Made with Dealer-Cost Ratio 110 Per Cent, Major Sales Finance Companies, over Year Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Original Data Data Seasonally Adjusted by Source ,

44 164 Measures of Credit Risk and Experience TABLE C36 H122. Per Cent of Used Car Loans Made with Loan-to-Wholesale-Value Ratio over 120 Per Cent, Major Sales Finance Companies, Year Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Original Data Data Seasonally Adjusted by Source TABLE C37 Series H140. Per Cent of Instalment Receivables Maturing in over 12 Months, Sales Finance Companies, June Dec. June Dec. Year Year

45 Data 165 TABLE C38 Series H143. Computed Average Duration of Net Outstandings, Consumer Finance Companies, (months) June Dec. June Dec. Year Year TABLE C39 H167. Per Cent of New Car Loans Made with Maturity over 36 Months, Major Sales Finance Companies, Year Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Original Data Data Seasonally Adjusted by Source ,

46 166 Measures of Credit Risk and Experience TABLE C40 H174. Per Cent of Used Car Loans Made with Maturity over 30 Months, Major Sales Finance Companies, Year Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Original Data , Data Seasonally Adjusted by Source ,9 47.4