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

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FEDERAL
statistical

RESERVE

release

January 7, 1966. ,/
SALES:FINANCE
COMPANIES
November 1965
Other consumer goods paper rose $63 million during November for
the bulk of the total increase in ^total instalment"credit at sales finance
companies. Retail passenger auto paper and personal loans also shotted
gains, but repair and modernization loans dipped slightly.
The $87 million increase in total instalment credit for November 1965
was in contrast to the $3 million decline in November 1964. In that month, the
use of auto credit was sharply reduced as new auto sales tumbled because of
the strike.
New credit extensions in November were up $70 million froiij a month
ago and $223 million from a year earlier. . The increases in most categories
were greater than usual for this time of year.
• ,>
Business credit, after several months of decline, increased for the
second consecutive month.. As in the past, most of this increase occurred in
the area of wholesale automobile credit.
»

Outstanding Credit Held by Sales Finance Companies
.
(In millions of dollars)

Type of credit

Increase or decrease during:
November 30, November November Year ended
1964 Nov.30.1965
1965
1965

Consumer -instalment credit
Retail automotive (passenger cars)
Other consumer goods
"Home repair and modernization
Personal loans
,
Business credit \f
Retail automotive
(commercial vehicles)
Wholesale automotive
Wholesale other than automotive
Other business credit
subsidiaries.




87

15,963
9,210
4,332
126
2,295

-

9
63
2
17

6,471

230

928
2,106
523
2,914

7
211
14
- 2

3
-

75 50
2 .
24
93-

-

15
127
6
- 25

1,341
512
528
18
319
1,084
71
824
79
110

G.20
Credit Extended by Sales finance Companies
(In millions of dollars.)

Type of credit

November
1965

Consumer instalment credit

'1,293
. '

Retail automotive (passenger cars)
• New
• "Used

2,619

RetS>l automotive (commercial vehicles)

New (passenger and commercial)
Used (passenger and commercial)
Wholesale other than automotive
' Other business credit 1/

.

'

87

'

-

-

154

8
19

139
15

9
1
33

42
0
27

339

911

I

•

26

1
0

21
•
5

1,908

166 '

797

1,-843 • •
65

158
8

68
19

Wholesale automotive .paper

:

27

368.
6
256

- -

Business credit _1/.

. " New
Used

223.

663
437
226

Other consumer goods
Home repair and modernization
Personal loans

Change from:
Year
Month
• ago
ago

162
462

.

3
169

•

789
8

- .

36
52

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




.

G.20
Number of Motor Vehicles Financed by Sales Finance Companies
(In thousands)

Type of vehicle

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

November
1965

Change from:
< Month
Year
ago
ago

333

7

51

152
157
17
7

2
9
- 4
o

46
0
4
1

683

JtJL.

256

644
39

46
- 5

260
- 4

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

Credit Sales -

Per Cent

1965 - November

60

1965 - October

57

1964 - November

54

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.