Full text of G.20 Sales Finance Companies : April 2, 1970

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1970

I SALES FINANCE COMPANIE!
FEBRUARY 1970
Consumer instalment credit outstanding at
$51 million in February. _ Retail passenger car paper
decline, while other consumer goods paper registered
The decline in personal loans outstanding, was mainly,

salesjfinance companies dipped
showed a greater than seasonal
a greater than seasonal increase.
seasonal.

Total consumer instalment credit extensions dropped $29 million below
January. All the major categories of credit contributed ti this greater than
seasonal decline .
;
Business credit outstanding increased $217 million in February, with
wholesale automotive paper accounting for most of the rise L Business credit extensions increased $124 million, a drop of $240 million from a year'ago.
Outstanding Credit Held by Sales Finance Companies
(In millions of dollars)

Consumer instalment credit
Retail automotive (passenger cars)
Other consumer goods
Home repair and modernization
Personal loans
Business credit _1 /
Retail automotive (commercial
vehicles)
~ Wholesale automotive
Wholesale other than automotive
Other business credit

Increase or decrease during:
Year ended
' Feb . . I Feb.
February 28, 1970
1969
1.970 r

February 28,
1970

;

19 ,652
10

;

14

5 ,324
64
3 :,660
.12.,465

Jt4
11

1

Type of credit

- -

-

1

!

8 i.

117 j

10 '
2/
23
509

"

1,433
642
457
- 7
341
M 2 0

84
" 3
12
218
120 j
276
40
32
23 1
978
189 ' 77
1
1/ Excludes some credit extended to business, such as that extended by factoring
subsidiaries.
•j
» _2/ Less than 0.5 million dollars . .
I




1,,407
_ 4 , 350
652
6, 056

'

'

G.20
Credit Extended by Sales Finance Companies
(In millions of dollars)

Type of- credit

Consumer instalment credit
Retail automotive (passenger cars)
New ;
Used

.

Other consumer goods
Home repair and. modernization
Personal loansBusiness credit 1/
Retail-automotive (commercial vehicles)
New
Used
Wholesale automotive paper
New (passenger and commercial)
Used (passenger and commercial)
Wholesale other than automotive
Other business credit

February
1970

1^172

Change from:
Year
Month
ago
ago

584

-

6

"-33

.396
188

-

1
5

- 20
- 13

301
- 1
286.

- 17
1
7

-

24
2/
- 11

124

-240

121 •

8

8

100
21

7
1

1,794

- 19

-238

7 20
'
1

-237
1

2,815

.1,749
45
137
763

11 124

1/Excludes some credit,extended to business, such as that extended by
factoring subsidiaries.
_2/Less than 0.5 million dollars.




20

- 29

-

10
2

- 25
15

G.20

-3Number of Motor Vehicles Financed by Sales Finance Companies
(In thousands)

253

Total financed at retail
New passenger
Used passenger
New commercial
Used commercial
Total financed at wholesale
New (passenger and commercial)
Used (passenger and commercial)
1/ Less than 0.5 thousand.




Change from:
Year
Month
ago
ago

February
1970

Type of vehicle

.
•

;

114
106
I
22
!
• 11:,. j

:

528
i
27 -'|

- rf
1/
- 2
1/
1

- 10
- - 15
- 1
- 1

J,/

- 98

n

- 95

1/

"

3

, '