Full text of G.20 Sales Finance Companies : August 7, 1970
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F E D E R s t a A L R ti s t i c a I E S r e E I e R a V E s e ( K M •-f^LRE^V -S*Jh 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/
