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ES^
SALESf F I N A N C E C O M P A N I E S

August

7,

1970

TOrrrT97r"""'"w^Consumer
credit

contributed

(direct
May

loans

In
loans.

m i l l i o n over

loans

and

other

consumer

$55

of

sales

1970

paper

the

million mainly dye

showed

in

a decline

of

to a d e c l i n e

credit

Retail

automotive

(passenger

1970

Other

consumer

Home repair
Personal
Business
Retail

goods

and

loans

credit

(commercial
vehicles)

Wholesale

automotive

Wholesale

other

Other

T7

business

Excludes

some

credit

extended

Extensions

car paper.

1969

176

325

55

62

423

1,,502

39

to b u s i n e s s ,

975

333

1

'

1970

330

- 8

36

320

25 2

1,640

17

84

338
-

'

94

2/
40

ended

J u n e 30.

' .94
]

81 .

10 , 7 7 0

691

Year

June
1970

6, 3 2 6 •

subs diaries.
Digitizedefori FRASERm i l l i o n d o l l a r s .
2/
L ss than 0.5


1 automotive paper.

$138 million.

I n c r e a s e or d e c r e a s e during:

30,

4, 7 8 1

than automotive
credit

>

in p e r s o n a l

Sales F i n a n c e Companies

13, 3 0 0

automotive

advanced

increased

of d o l l a r s )

,732
3.
1/

ncreases

in reta

in p a s s e n g e r

5.
,372

modernization

their

find m o d e r n i z a t i o n

as

increased

19 , 9 3 6
cars)

credit outstanding

except repair

1970

instalment

increase over

quarter

offset

of

credit regist ered gains.

the first

June

Consumer

types

these companies

in the second quarter

first half

credit

extended by

consumer

total

fin; ince c o m p a n i e s r o s e
three major

The

companies

(In millions

of

sales

a $219 million

of

Outstanding Credit Held by

Type

at

credit

categories

finance

acquired

goods

for

Consumer

categories

in all k e y

the amount

Outstandings
dipped

quarter
by

outstanding

$19,936 million.

purchased)

all major

growth

acquired

of

increase.

paper

Again,

the second

Paper

credit

to a t o t a l

to t h i s

made and

extensions.

$350 million with
$35

instalment

in J u n e

$176 million

74

13

10

59

1 71

s u c h a s 'that exl e n d e d b y
t

623
.

15
918

factoring

'

G.20

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

Consumer instalment credit

219.

1,643

Retail automotive (passenger cars)

844

New
. •U.sed

117

•

607

89

237

28

408

Other consumer goods
Home repair and 'modernization
- Personal loans

57
2/
45

1
390

Business credit 1/

-

Wholesale automotive paper
New (passenger and commercial)
Used (passenger and commercial)
. Wholesale other.than automotive
.Other business credit

i

;

10
20
- 10 .

-

28
2
41

650

1,091

163

-il

30

-3/

3/
3/

1/
2,611
. 2/
3/
175
813

519
' .

2/
3/
13
91

_1/Excludes some credit extended to business, such as,that extended by
factoring subsidiaries.
• 2/"Less than 0.5 million dollars.
;3./Not available due to revisions in reporting.




,

77

3,762

Retail automotive (commercial vehicles)
New
Used .

Change from:
Year
Month
ago
ago

II

Type of credit

3/
3/
1,119
3/
3/
- 1
- 57

Number

of M o t o r

Vehicles Financed
(In

Type

Total
New

New

•

commercial
financed

1/ L e s s

(passenger
than

0.5

available

and
and

commercial)

2/

&

commercial)

thousand.
due

to r e v i s i o n s




in r e p o r t i n g .

!

Change

front:
Year,
ago

40

.

Monthago

-13

25
15

1/
-13

2/

.

2/

2/

1/
2/
2/

at w h o l e s a l e

(passenger

30,

176
135

Companies

.

311

passenger

Used

2/ N o t

retail

commercial

Used
Total

at

Sales Finance

, 1970

passenger

Used
New

June

of v e h i c l e

financed

by

thousands)

2/

2/

2/

2/

1/
2/

2/