Full text of G.20 Sales Finance Companies : December 7, 1966

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FEDERAL
statistical

RESERVE

release

lecember 7, 1966
;

. SALES FINANCE COMPANIES
"

•

OCTOBER 1966

Consumer credit outstanding .at. sales finance .companies, at the end
of October amounted to $16,771 million. Retail automotive paper outstanding
declined from September while holdings of other consumer goods''"paper and
personal loans increased.
v
Extensions of consumer instalment credit were $73 million greater
than in September with :all of the increase accounted for by passenger car paper.
Paper acquired for other consumer goods purchases and personal loans, was less
than in September.
•
Business credit outstanding showed the first monthly increase since
June, with "other wholesale-paper" the only.category registering a decline.
Extensions of business credit were up sharply from September due primarily to
heavy acquisitions of wholesale auto paper.' ;
Outstanding Credit Held by Sales Finance Companies
(In millions of dollars)

Type of credit

•

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

Oct. 3 1 ,
1966

Increase or decrease during:
Year ended
October
October
Oct. 31, 19661965
1966
74

895

9,398
4,726
112.
2,535

-29
33
0
8

5
65
- 1
5

197
45 7
- 16
257

6,848

362

329

607

1,055
2,169
591
3,033

12
221
- 4
133

7
295
11
16

134
274
82
117

16,771

12

,

1/ Excludes some credit extended to business^ such as that extended b y factoring
subsidiaries.




G.20

-2-

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 loans
Business 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 1/
•

Oct.
1966

Change from:
Year
Month
a so

1,235

- _73

12

632

101

- 4

87
.14

12
-16

-14
0
-14

0
2
14

. 441,
191 .
359
. 7
237
2.527

865

j

99

J Z

13

73
26

9
8

6
7

1,795

865

53

1,73956

857
8

54
- 1

147
486

•

-13
- 4

1/Excludes some credit extended to business, such as that extended by
factoring subsidiaries.




247

-12
193

•

Number of Motor Vehicles JFinanced by Sales Finance Companies
(In thousands)

Type of vehicle

Total financed at retail
New passenger
Used passenger
New commercial
Used commercial

Change from:
Year
Month
ago •
ago

October
1966
300

26

149
132
. ii
8

31
0
- 4
- 1

Total'financed at wholesale
New (passenger and commercial)
Used (passenger and commercial)

;

647

297

605
42

293
4

-26
- 1
.

'

Credit Sales of New Passenger Cars as a Per Cent
of Total Number Sold at Retail 1/

Credit Sales
A66

Per Cent

i r ; '

- October

1966 - September

r76
58

1965 - October

V Based on new car instalment contracts acquired by banks, sales finance
companies, other financial institutions, and automobile dealers. Data
for prior months may be obtained by writing to the Division of Research
and,Statistics, Board of Governors of the Federal Reserve System,
Washington, D. C. .20551.
r - Revised.




'

~

1 6

-10.
1
5

7
-2