Full text of G.20 Sales Finance Companies : June 6, 1968
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FEDERAL statistical RESERVE release G. 20 . J u n e 6, 1968 SALES FINANCE COMPANIES A P R I L .1968 Consumer $90 million credit instalment in A p r i l showed increases, with passenger Other consumer cant gains over declined during extensions, goods less although Business categories extensions and credit less than credit contributed of business Outstanding But customary, outstanding was to for Credit Held instalment credit Retail automotive (passenger Other consumer sales Personal Business Retail modernization loans credit finance companies was and automotive in p e r s o n a l Wholesale other up in A p r i l , overall loans. totalling in auto The remaining than usual, except $8,161 million. advance held by Sales true in Finance Companies of d o l l a r s ) 30, I n c r e a s e or d e c r e a s e d u r i n g Apr. Apr. 1967 1968 -90 . 66 Year Apr. 10 - 3 . - 1968 200 -11 4,957 86 ended 30, -__3 8,931 -197 208 5 1 - 18 17 4 207 112 41 533 than automotive credit 1,033 13 2,947 credit some lower only a rise ; (commercial vehicles) Excludes There was too, w e r e signifi- outstandings have 8,161 \! automotive V showed 2,816 Wholesale Other business car 16.790 cars) goods and modernization loan credit have registered retail passenger April credit Consumer and categories, however, This the rise. finance companies rose Repair the bulk. 1968 Home repair sales as w e l l . (In m i l l i o n s T y p e of at other expected for April. Repayments, credit All personal extended by than might be categories showed decreases. for p e r s o n a l loans. All outstanding cars accounting t h e p a s t 12 m o n t h s . this period. The r i s e of $47 million, credit total of $16,790 million. to a a small decline from March. 35 692 .10 3,489 extended subsidiaries. - to b u s i n e s s , such 54 as that - 7 6 . 7 33 extended by - 14 125 128 294 factoring G/20 - Credit Extended by Sales Finance (In m i l l i o n s Type of Companies of d o l l a r s ) Apr . . credit 1968 Consumer instalment automotive (passenger from: Year ago 1,336 credit •Retail Change Moilth ago . 47 168 107 678 44 New 454 36 72 Used 224 8 35 Other Home consumer repair Personal Business -20 363 goods 11 1 - 292 and 3 24 - 3 53 2,826 105 619 modernization loans credit Retail cars) 1/ . automotive (commercial vehicles) 109 3 — 1 New 81 Used ' 28 - 1 1/ Wholesale automotive Nevt(passenger Used (passenger Wholesale Other other business • 1/Excludes factoring 2/Less and some and paper 1,844 52 commercial) 1,793 51 60 8 365 - 3 commercial) than automotive 4 191 682 credit credit 4 362 extended subsidiaries. than 0.5 1 million dollars. to b u s i n e s s , such as 48 that J extended' by 51 203 ' G.20 Number of M o t o r Vehicles Financed (In Type Total New Used New Used Total New retail 143 21 commercial (passenger 12 17 \ - 7 1 14 commercial) and V i3-;" 1/ 7 -16 582 commercial) Year ago 37 613 at w h o l e s a l e from: 18 145 passenger - 61 - - 6 , 31 -10 69 - 8 than 0.5 million dollars. The cent 323 commercial (passenger and 1/Less Change Month ago 1968 passenger financed Used of lenders table presenting total number Information sold at of cars on n u m b e r appears by writing of at Sales Finance Companies April of vehicle financed by thousands) to the F e d e r a l in r e l e a s e credit sales retail will sold G.26. Copies the D i v i s i o n o f R e s e a r c h Reserve of new no of and and cars this.release C., as in t h i s a per release- average notes of major can be Statistics, Board System, Washington, D. passenger longer appear on. c r e d i t 20551. obtained of Governors