Full text of G.20 Sales Finance Companies : January 2, 1945

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•-. ~~t-~. ;L~\~ JAN ..5}945
~.,
•. . ·~
' LIBRARY .
~~ ..~-

.·

~-.·
,.

Statistical
_,senice .

~ IDUU

~~i~:w"-~~\

· · . · . : The nu.aber ot new J)ll.saengitt' cars tinanced by ilal.es fina:Aoe comlJ&ldes dropped· 12 p&J;'cent. !or
' N~&J:' 1:944 c~ed ' 'ld.t.h t.be preceding .l!IOlfth:. ~and t.he doUar volu.ma- of pape;p;o acquired· in · this type .
ot 'financing dec~· 13 percent, according t.o 8lil announce11111nt.. released t.oda,y by J .. C. Capt., Director
qt t;h8 Census. A drop ot 1.0 ·percent.·- in. the f!WIIber ~. used ·passqer · cars. financed was ·reported along
, Jdtll.-a.decrease ot l l peroent in dollar volume of·paper._..cqu.ired.
New c9Jillll8rcia1 vehicle~ _financed in.
, fbvember 1944- ~ 18 percent 11hort c.:t, t,he nul!lber recorded f'~r October .this rear, and t.he ·~ voiume
ot 'such paper acquired decraa,ed .12 pe~ent.. The. number of. utled COIIllllSrCial cars financed dui<ina .N'i)V9mber
· 1944: was 13 percent. .less ..t.~ th.e ·nUIIIber rec:Orded for Octol:ler, an<i the dqllar volUme of~r · acqui~d ·
Jf&S. ..down 17 percent.. .. Data contained in this report are based on a &!lJ'fyle survey conducted by · ~he Bureau
.~ t.he Census •

•I

·: ,.'

•.

.

al.niOs~

r~ned

at.l6.

retail automotive out.st.andings held by sales finance colnpanies on November 30 1
the same a8 .that reported ror the end of October 1944. The index for theae outstanding•

INDEX

.

.

./

b v~lw¥ Ot

1944 1Ua$

"

'·

-

'\
I

'

~

OOTSfANDING BAIJ\NVES .
RETAIL AOTQ(a,t'IVE JI!INANCING
DEC!lmER 31, .. 1939 "' 100 ·_

200r-~----------~----------,----------------~--------r-------------------~~-------~--.---~

.,
.!,e.
!.: .

-'

•'

~

I

~ .• ··

l·~
r.~

1;,

1942

·~

i'·'~:

V:
'1

~

!• \>~

ber

the volume to.- 11811 passenger ~d COIII'Ilerci&'l: ~oar•· decreased 8 percent. The amount. . of outstanding ··
=ces, for this t.ype~ofpa,per w~ .4 per~ent. less at. the end of November_ ~944. than at. the clo!H! of OCtober
wh~

·

·· ·,

•

For November 1944 compared with October 1944, in retail diversified financing,

;.~

residentlal.

bu.i.Ulilla repain and ·~~er,nization decraas&d. sU.gbt,l_y (2%) .iii paper ·acquir•d; rEittiger&tora &nd household ,

~f:';"~' . ·- ;-, --l&p~cea llropct·back l:5
· A

f'<:.~·-.
~'>'

1944

··.the'11V9lwne
·. , ·. Of.•torthe,u~~eci..whOl~eal~
.a'lit.CXDOt.ive ~"-per ;, ~q\lired by salellftnan~e comp!ll'.ies. during Nove;_r 1944, ·
paeeenser and CC1111118i'cial. qil.r·a· «¥creased 4 percent. tram. tha.t. .repoJ;t.ed for 'Octo.
1944,

:..~ -

r·-

1943

.' ·

!f_:.<:.j. ;_'

·
·

per-cent.; and

rutnit.~-

radio-s, anctmusical inlltruments were

off 22 percent.

i~ ,>financing, of whole'ale (other. than aut.omotiveS tr&neacj;ions gained ,13 percent., but. papel' acqu;Lred fo-,:o
~duiit.'rial, c~c:ial, arid farm· e~pment droFPt1:48. percent tram ;hat. aoq~red in October 1944. _ •

D1vera1:tied outstanding -bal.ailces. held by sa1ea. finan.ce companies at the end t;lf_ November 1944
approXi!Datel..Y tlle .same as that recorded a~ t.~ clo.se ot ~t.ober this year tor both wholesal~-9ther .
\hazt:. automotive and, . ~t.ail-other -consumers• go~s :but were: reduced 8 ·~cent for i.n'dustrial~ commercial,
and :;tarm equipn&nt.. , The indax fo1 total sales finance out. standings dropped fran 19 in Oct.obc!r to 18 tor
:tlav.nber 1944.
~·

_
. ·Paper acquired during November 1944 was lS pe.rcent of the out.st:.aruiing .b!Uances as of Ncmlmber
' 30, J.-944 tor wholesal~ automotive; 30 percent. tor wboleealt.-ot.her than aut.anot.ive, 14 percent for ret.~
•.. •tiliaiot.iYe, 13 percent f~r retail-other co~~rs• goods;·
4 P,_r.cent. tar .industrial, 'comniercial; and .tass equipllent..
·
·

ar.a

~'·

t1

'·

) I

'

Tt¥tae data on the curNnt. t.rend8 ot ·saJ.es fi-oancing d~iz1i -November, 1944 .were based on .reports
' tft1a 187 sales finance· colllpelli•s, and the dollar volwn;• shou1d. not be assumed to represent. the ·. total
~.Int. of tinanoit!.g ·by ·all. ssJ.es -tinalice companies in the Qinl>'SCl ~tat.~•·· The data are· published as reported,
1i1tbbUt. ad,1ust.msnt.s 'tor seas<lllal or p#ce f'lllc;t.uat.icma~. ~- f18~a p~sented in bbles 4, 5, and 6 -of
tllii: releue are not ccmpa.ioable __, ~o t.ho~Je ,PUbllShec:l tor prenoU. montiba;, since monthlY reptJrt.s ~ave not,
be• received each IIIOJlth tJ'cB idsn1;ical.. sales finance c~ies. AU· indexes tor November were obt.ainecl
br -clil.culat.ing · the ·pe-rcent.. ch&lijlee ·fran, oct.obe..,l944-'';t\o·-Mo...._l' 1944 aa shown· b.1 data 9n "port.s ~or .l)ot.h
· 1110rltlhs hom .t.he . . _ aalu tin&riee Ccimpaniea, and bJ' ··linking .these ·percentages •to, the .index~li pre~oual,y
· derited for OctOber 1944. · . ·
'·/
. ·.
, ·· · . .
·, · ·
·
·



.

i'

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~

. "

...

~;

.,

.

i ...-A~toJ~:{~}~~~i;,,iiiiea Financing.
;,,.. · ·iOeoeabe . ~s, ·a.tz9..,.',1Q0
.,~;·~-~

Table

:, r'

Index or Trends in OUtstanding Balances b:f Class or Paper!/ .

'.

1 .···: .. , •

~···

.'·. '

.•

.Total.
_,,.
CLI-L '

Date

sales

.

.

~

'

I>

_J..d,

"olo."t 't!' •

.

··r:--·£.:-'-;-:.~·~.··:- --~_ .•.::ol'i",.. >/;...;

- Dec • .31...... •.

...... , •

•

•.t,:

• ,"

--.-~.

·-::::.

··

''

~ ..

autol!Dt:t~e-

l:.,-._

' ~/"'' -~- .. '

' .

._._,..:;·

• ··.i: ,\·,.

•"

100

100
··.

:-··._

152

149

1942 -Dec. 31 ••• ~·-··

53

37

20
. 20'

1'

.
1944 - Jan. 31 ••• •'• ••
Fe'b.
31:. •••
--- Mar.
Apr.
••••••
••••••
- Ma:,r
June
.•• ...
Jtily 3i· •... •,•.•
-""- . Aug.
31• •••.•·.••

.

-o:e·
- N . • 3d, ••

,:1
'

,-:•

t~
. -~·

.. Sept~30~ •• ~_;;~.
31~ •• ~ ••

~

.;

~-~

'·

·'

l

"

;

'40

1&

61
35
- 27

--...

· ''

...

... ·,

42
·.m
'

38
37

37
37

36

11

~

~-

-~.9

.2.

32
30

10
10

··~

).~

ii

10

-~

u .,

.'

19

.. ~

10

.~

-~~
.30

,27
2625
.2~

ll

-~

.

!'/

-8·

12

:~

~

Ul

'131

,,

' ll.:t '

16'

'I

..

·''

1~7

......

·

\

"''•

4,()()'

-100
I
.·.. t~~··_.;•l ,
148

"

'.

r··

250

;1.3
·lr~

le}

;

k

rsi'

.3-2

, 2•.

-~2

'·'

:U
24

26
~5

26

'

:!53
·27
-27

,....

2'f.
25

...
J

Iltdexes· as of D_ee~~ ·zt to~ .~'he -y$~11: ·ot1,98s,;.194Q·, anti ';1941 are· based"oD. tigurea. reported by
on a auppl~~ report. .t;9rm w~c.J;l (lcc,olbpanied the regular 'mt)thl.;r ·r..,. .
· ~:.fp~ r,or Janua,ry- 19~. Succ!lB~ ~~pal a.re deri:ve~' by ~.U,culatihg the j)Brcent c,bAA~ea of ,
~.l~~.itan
...~.. :D.alP.O•
.}''-'-rG.po~.«t_4. ~r. aal,~.·· #~e compan.ie·s. lor ,eac. h.· mo. ,.,,b!Oifi
. · . . 'tb()se .- ·~PP. rted
~~~~t.)lJfs~ ~~f~ ~~r ~~;~e:#n! IDIJ.n~:,···~·b:r ll~ ~~eae:~centagea ~··the· ~
foi'
t>r·~-,~ ;~~nt~,
.. ~ :. ' ' ·. ., '. ' i. . ' • •
• :' ' ''":,:.;.' ·' ;>
-~.

$f

·

~ ~ ••

\

·

ll.?5

'1

.:;.:.. ..

. 19

0

..

:.:,

i

l:5
1:5
l3

l.S
18
18
19
19'

~. ~-

30.~
31.~
30~

·

-;-~

uo·

1:5

19

29·~ ••••••

, ,__ ,.,
•

• · ·

..

~

100•

lOO

~2

. .1941 - Dec • 31 •••••••

1943 _. . ._Nov. ,30 •• ......
Dec. 31~······

r•

I'·

~·

•

·, · gb• >' , ' .. · ·~®ipaerit

~

[:;

..:'

•,,.,...

~

·.

,,. I··

.~6
:·.I

., l' ,.~·,

,··,;·ii~~w2.":
:';,Whc;i;~~-~··· w~~=~··
_.>:.:~¥··--_ 1 ·····=f~:i'·
:•:_autorilot-ive.'' :·~1•·
·imm.'- · ··· c~" ' '"h8. term·

financing
,:'. .

.

~~~ J~~ce, comp~i!~~

.

'

nth
• .· ..

tn'

r' , : · . .. '• : \

;_.

:-. ;:
....

>

' · ...

,._

'" ': ~-··<

'i.

..

· -T~b1t; 2.-ReJ,a~l~ ~rhnl:e or' Lo~ :'U&de ·by. S_al.ea 'Fina.nCe Companies, -NoveJill;f,r ,)944 ·· ·
Volume ()! Paper Aeqqj,red ~ii'lg the lo!Qnth and O!J,tstanding BlQ,~o:e"· at the;'~d ot tbefllorith · · ·" · ·

er acQ.uired
.~· ,. -~ i!JSri~p · · ' ·

· ,.,. P'
... .. -~. ~

.·.\

.

"

-,
~.

.,.,,.

' ~ '··;

,.

· · ~ ddtstahdi.rtg 'baiances,

.· ·_ eJid o,t mnih-

Peaocent ·

Amtuit
;·.

·ot

tdt.~.

AlllOW1t

·ao:
·ii

16

..

,· ·?o

··.

.,

a; Included in thiS classiticAtl~ e;r~. only those firma which, in a<!dition' to :t.h~lr aGtss tinaneirig
operations, reported loan ~cti~tiea.

I

.



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··.··''· Page .s '

. .;.'[:_~·~·~: :·

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.
'fable s.-AUWIIIotive and.D:I,yar,ii'ieQ,
· · Index of 'T~ende 1 1943-1944
January 1942 .. 100

r

,·

F~cing

.!/

~·:

. .

'·'

.:...-·

.,

.~

.,.:. y

•

• ·,1,1'

DaJII:)er

totaQ.
of ca.re ·'tirlaDced • ••••••• ~ •.•.••.• ·· , •• -~ ••..••
!otal wlmile ot paper ~qUired •••• • ••••••.• •••••.••••.••

••••

'• '

1.\

/

~·

·

pu•.eapr ci.ra. ~ ••••••• •' •.••••• Number •••••,•••••
·
·
Paper acquired, •

·.:

29.
3'1

6

8
-10

8

17
12

5
8

8
10

6
8

6
9

6
8

9

:

9

.6
·8

.u 1:3

~

-.r ~ial.

car. ••••••. ;· ..........Humber •••· ... .-. •·•····
Paper

acquired.~. 1

U•ed passenger cars •••••••••••••••• Number.......... ~
Paper acqUired,,.

a

12 7 10 14 · 9 15 '1.8 30 ·2? 22 ·~
12 13 11 15 13 ·16; 20 <' ~ • 22 19

9

... ,.···

I

31 32 26 29 36 35 44 45 45 42 .34 36 ·32
38 38 33 38 47 471 60 62 .64 59 .48 .5l 4!5'

\.'·..

Ue.ecl co.-zocial cars ••••••••••••• , • Number ••••••••• ,
9 10
8
8 10 9 12 12 11 12 18 1e 14
··
Paper acquired,, . 19 27 16 18 19 17 24 26 24 23 31 34 28

•.

t'otal .~lume of pap.er acquired •••••••• • •••••••• ~ •.••••

9

9

.... care· (passenger .and_ commercial) ••••••••••••••••

2

2

.:

U.ed cars (.passenger and CODID8rci&:l) • ••••• ·•••••• • 1.1

00

~

•..

l2

.)

:.·&.
r

11 .12 15 17 18 .16 10 '12 . 12 12
4.
~

3-3
M

TI

-6

4

~

~

4

··5

4

4

4.

~

~

~

~

·~

43

42

45 . '44

56

56

59

sa

5

H

. 1.•;

>.

"'

\ DIVERSIFIED FINANCING
(Paper acquired)

!Otal

diveraitie~

,·.

financing ••••••••••••••••••••••••••

41 32 30 34

27

29

35 37 35

I

'l'otal retail, other consumers'. goods •••• ; ; •••••••••

·

24 26 30 21

21

21 22. 23 29

·as

Refrigerators aild other household applilinces ••• ~.

15

11 16 15 17 17 ·18 13 17

14

t

Residenti&:J. building repair and mdermzation.. ••

Jl:l.l:c8u&neous
retail •• ••••••. • .••••.••..••..••.•• ~.
.
•
'
·,_.:!

.

.

_,.

i·t, .·

·.<f,... :·:
.

q
~,

i

... i•

l

' .

9 16

9

115 100 69

73

2

equi~.........

1~

Industrial, conmercial, arui

....,u

farm

20

23 · 21

74 77 111 129 118 142 131 136 133

94 75 80 88 64 65 '66

'fotal •lee~~ except autbmotive .... ;~ .......... .

, 1/

45

Farniture, radios, 11111Sical instruments...........

. .

..

42 .37. 36 34 ~5 .44 47

49

a

7

4

4

3

54 54 194 70 a9

3

58 61 99 115 113 139

4

3

74 68· 63

4.; 3

.4

48

68

52

35.

.,

ot. the Census

Current· Statistical SeMice
)·.:

Indexea are derivect by· calculatirJ&. the percent:4hanges. in t_he numb~r

.. ••

~

• >•

of cars 'ttiumcecf or. the yolume of .
paper acquired by s&lea finance coillpanies during each month from- the n'IUii>e]\ of . cars fi~c!'d .or .tb,e TOlwae
ot paper acq\d,red b7 the same companies during the precediilg month• . ami b;vliniW'l&•·t.bese,pere~tages to .
t.M · 1Dd.ex~ for the preceding month. . ~e indext~CfL .for ". Total retail au.tomotin. n •Total, 'lib.o1esal•
auto-.. r
.!JioU... ," IQid •Total retail, other .cbnsWIII!Irs 1 g*l" are. based on all fl,gures reported for these items.· re·.. carclleas
whether or not breakdowns could be . .li&d.
.. .

ot.


<·. ~~·.


.

J~r,

~

-~·-A::

..
.~

_,,

I

,

.... ,

.,

' .- I
·.;

-~

'

.i'

./

.·.

volw. of paper acquired.
c1ur1na November 1944

'·
clue

~

or

·s, all

Paper

$19,038,1411
12,864,04'2
208,088
1!,!546,·864
18014'19

to\11. ~·ale

autoi.rtive •••••• •• •·• •• '• : •••
tftal' '111101Nale ~«.her th&n auto.Dt.ive ••••
foUl '..tail .;. o\her OoMUMJ'~ I goods~ • o• o o
~l"1al 0 COI!IIIII'Oialo llld flrlll equipillnt.

total ~alee

.
1

. 1944. !I

olltetan~

P.P.r

'"

acquired to

t· ..

put.et.an~ ·.
'bal.IDcN

'

..

·

"

'Mal. ~ ...t ............. : .•.•••••

. 1-

lfOftilt)ll' 30.

b&l.&IISN

I

\

-b&I.IDCII

reporting

companiee
repcn'tinc

,_.,

O!ltatancH.II& . Ratio

Brc~..

t111ancins••• ·• ~- ••••••

.N .D*
11'1 ~ect em f1&ureli
ouUtanci1DI balaDcee.
)/

b~

obt.aiftild

(

ll8,64l,Qs9
12,8.13,819
18.,088
'8, •.,., ,l.,.
11!1! 1!531
,,

. 1130.oae,eu

$3'1,2'11,419

$3'1,8ll,88ll

'

iiY!a"M

...!

l2ll!t 009,488

if'

-

(COlWm 2) bf

a·

10

4ll,eao,w

from ealea. finance oompaniee &t!lA to report both t.IW:I.r

bJ' dividiilc paper acquired

14

88,547,'101.
8i4,1'18

11

/

., :...

:

I~.

Pe.pw_ acqaired 1114 thi:l.r
.

.

OUtltanclin& bal1111011 (colwm 3)o

f

.
Table-5.--Automot.iTB Financin&
Nwablr _ol Cari_ Financed and Vollllllll of Paper Acquired DlJr1n& Noftlllb•r 1944
,.

lfWiblr of

'.,....-,

..

Clue ot paper

'fot.a1

,·

~ .aut,o.,tin

.•• •.••••.•••.••.. -.. ~-

~ pa.i8naer care ••• ••••.•..•..•.•••••••

Percent
of
total

a.,)fa

!QQ.

vol-

ll8a'l''15a093

l

C8I_"'J •• ~ ••••••••••••••• ·-·.

au

~ wbole~ale automotive •••••..• -~ •.•.•.••

111!321

,J.Oo

I!,Q195812"

4,839

32
88

3,810,288'1,34S,9'18

l0~482

!I

469,300
_!53'1,418
13' ,l2S,91!4
839.424

1!24
32,1!91!

.... Oll'l (f:eqer aDd lfo-roial) •••••• :
UNd ..ra p&HID&Il' and coalilereial) •••••

Perc eDt
ot
total

Dollar

....... ,........ em .....•. ·.......... ,.....
U.tcl oo.8I'01al

,\

Paper acquired

Number

443

.... ~ oara ........................

4Va

2
911

2·

122

.

3
3
91
3

!I

·~

-. I·: /,:

, ·.

.,

.~

.

1m
33
tfl

'

Jl .Data ue.baled

on report.e ~ sal•.• · finance oompmiee providin& a bre&kdo1111. of their 'retail and who:Lieale
-~w tiunoin&. fl'heee IIIIIOUDte are lees thllll thole reponed in t.mle 4 clUe to t.JIII aclueion of IGiil
i data
wld.Ch. breakdoWII8 nre not available.
' .
.. .

tor

Table 8.-1>1vers1fied Filwioin&
Volum of Paper Acquired Durin& lfovemblr 19"

\

.,

..

. . I.

Clue of paper

I,,'

IRall, - o\h8r oo~ 1 coodl:
Pand.\ve;. ndiol, piuos, ·an4 other -1ce1 inlltrw.nt.s
S.tripratorl • . other houe.ehold appl11DCMo ••••••••••• ·

illlicltiiUal bu1ld1ns repair IIZ1d 111Ddel'D1sat.ion•••••••.••••

. . .eUAMoul retail •••.••••••••• ·•.•••• ~ ........ •.•• -~~ .••••• ·•
.

I

,

.tow. Nt.d1 • ot.ber ooaaumera' &oodl ••••·•• "•••••••••••• ~ •••

-toW.- 'llllol.Hale --.Miler tbiD ma.ttin ...• ~············'•••••••
~dal.- ~ill. ~tim aqai~Dt·················. ·~·
total d1Terlified fiDaDciD&o • • ,,.=, ; • ~; •
...._ ol the ceuu

1/ Data 11'1 bued On report~ -froa 8&J.ee
·

I

/'

$1191!,.011
184,1'13
3,152'1,1!3'1

·•

lr20?,38!

!!

lO

80

$11,1!l4,ll8 !I
. 208,0815.

,•,

N
3

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