Full text of G.20 Sales Finance Companies : January 5, 1968
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FEDERAL statistical RESERVE release MEL WALLACE G.20 January 5, 1968 SALES FINANCE COMPANIES NOVEHBfi»-~ia^7 Consumer instalment credit outstanding at sales finance companies rose $24 million during November to a month-end total of $16*722 million. Increases in the other consumer goods and personal loan categories accounted for this advance. R e t a i l auto credit outstanding declined somewhat. Paper acquired by sales finance companies totaled $1,283 million in November. Credit extended for new passenger car credit was off, while other consumer goods and personal loan paper showed increases. This pattern also held true insofar as repayments to sales finance companies this month. Business credit outstanding rose $115 million to a total of $6;768 million. The wholesale automotive category accounted for the rise. Extensions of business credit fell slightly in November. 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 loav.s Business credit JL/ Retail automotive (commercial . vehicles) Wholesale automotive Wholesale other than automotive Other business credit November 30, 1967 Increase or decrease during: Nov. Year ended Nov. 1967 1966 Nov. 30, 1967 16,722 .24 8,990 -34 . 4,907 . 105 2,720 - 44 2 16 6,768 111 1,045 1,910 524 .3,289 - 16 125 5 1 - 68 — • - 3 - 10 2 14 -405 - 171 5 171 209 -289 6 203 -17 29 ' - 4 -462 - 50 227 - 1/ Excludes some credit extended to business, such as that extended by factoring subsidiaries. G. 2 0 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 JL/-. . Retail automotive (commercial vehicles) New Used Wholesale automotive-paper New (passenger and commercial) Used (passenger and commercial) Wholesale other than automotive - Other business credit • Nov. i Change from: Month Year ago ago 1967 1,283 - __569 ^ . 371 198 - - 50 - 11 75* 6 7 1 291 22 - -_10 1 — 27 . -130 - 18 68 - 6 21 - 12 1 - 5 1 -206 53 -201 1,650 1,596 54 — . 4 89 3 • 2 - 5 143 - 3 15 556 - 40 57 J L / E x c l u d e s isome credit, extended to business, sucji as that extended by factoring subsidiaries. 61 — 34 6 . 416 2,438 • 42 1 - _ j 8 G.20 Number of Motor Vehicles Financed by Sales Finance Companies (In thousands) Type of vehicle Change from: ^ November 1967 Month ago Year ago Totial financed at retail 265 -.20 1 118 120 13 9 - 12 - 3 - 2 - 3 - 23 - 19 1 0 565 19 -_91 20 1 - 86 - 5 ' New passenger Used passenger New commercial Used commercial Total financed at wholesale New (passenger and commercial) Used (passenger and commercial) 527 38 - Credit Sales of New Passenger Cars as a Per Cent of Total Number Sold at Retail 1/ Credit Sales 1967 - November 1967 - October 1966 - November Per Cent 64 r66 - 62 V B a s e d 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. Cf 20551. r - Revised.