Full text of G.20 Sales Finance Companies : October 2, 1943

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lCllt. RG BHfSO:W'

DEPARTMENT OF COMMERCE

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•

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BUREAU OF TirE CUSUS

·l.9.tq,
f,;,,,

· OCT -\! i343
8@

LIBRAF:Y

'W
ggw.
JU
'1943 . · ·

rsr

co~ . .

·· the .aaiiMI' 9t Oft paaaeqer cara fiaaAced b7 aalea tiMAoe o411tpanJ.ell·u .-.cut 191.3 'tiu
•ff 4 ~-t. .troa tb&t of JG17 of thia ,.ar, &Ad t.he clol.l&r T01u. of Nel' aoqd.recl 1a tbia t.,rpt
ot f~iiiC cleoN&Md a percent., accordilll \o u aanounciUilt. rel.eauct toclq b7 .J. c. o.,~,Direct.or
, Of .~ .Ceuu. TJa• Jlllllbv of uaed paaaeaeer· carl fiaaAce4 &Acl the cloUar YOl.U. ot paper, ACCllliJ'e4
1AoreaM4 6 pero•t aad. 8 percent., reapeotiTel.T. Hew c-roial Teaiclea .tiAuced rote 7 petc•t. ·1A
AIIIINI' a.o4 21 percent 1!l doUar w1a. of paper acquired, froa Jul7 of thia ,.ar. Tale ....., .r ...
•••ltlll•olal carl f'iaMcecl waa appl"'Xilllatel,y t.bl aue u in the precediq IIOAth ot .JI&l,y, wbUe the
T01... of paper acqllirecl wu 12 percent 110re. Data cCiltainecl 1A thia report are buecl oa .a·
· ·tlllpl.e llll'ftT COAclllc,tecl b7 the Btaeu of t.he Cenaua.
·
·
.·

iSol.1lr

'rbe To1uae of retail. utollotiTe ollt.atandinga held. b;r aalea finance ocapU1ie1 wu 4 perHA\
)l, 1943 t.hUl u of Jul,y )l, 1943. Por the firat. .time in 24 aonthe · th• 1114u..~.
. •,,;.-,,, bt&t reaained at. 15, the . . . u that of Jul.7 thia ;rear.
·
.,

iJ~

u ·ot !quat

OO'fS'rAHDII!IG BALAHCIS

INDEX

RETAIL AU'fCIIOTIVE FiiANCIIG
DI:CJ!:I,lBEil 31, 1939_~_100

200~----------~~------~~~--~~----------~

1941

.
Ot tbe wno1eaale at.olloti'W'e paper acquired b;r salea finance companies during Augu.at 1943 1
t.lle''ftl... of .new puaen&er and COIIIIUrcial cars increased 44 percent. from that. reported for tbe pre~ aoath, wWe the TolUIIII o~ uaed pasae.nger and commercial care dropped 21 percent.. The -.ol-. of oat.t.aadiq balaoc.. for t.hia t.y"pe of paper wu 12 percOAt leas on Auguat. 31 than on JG17 31,1943.

Io retail dinraUiecl financing, for August thia 7ear cQIII.P&l'ed with tbe precedin& maAth,
naid•tJ.al bllil.ding reP41r &lld aoderniaation registered a gain or 10 percOAt,whlle fuoitve,ndioa,
&Ad aaaical iQat.rumeata ahowed virtually no change, and refrigerators and houaeho~d appliaDoea deol.iAecl 7 pero.-at;. 'fl\e financing of wholesale diveraified paper decreased 15 percent,ba.t. indllatrial,
~cUJ.,aaa f&ra eqllipMAt gained 28 percent, Auguat over July 1943.
DiTer•U'iecl o11tatanding ba1ancea he~d by sales finance companiea during Auguat were reclll0.-1
' percent in maM tor 1Aduatrial,c01111118rcial, and !&rill eqllipMI'lt, 7 percent for t.he tetail finanOi"'
ot other ~--r•' poda~ud 13 percent. for wholesale diYeraitied financing {other th&A ut.aaotiT•).
Paper acqldred. duri.q Auguat 1943 was 16 pereOAt or the Olltltandi.ng balancel &I or iqt&lt
1943 tor retail &~&to.ot.in, l2 percent for wholesale aut.a.otive, 16 percent for whole•ale.-otlier.
~ au.tomotin, 7 percent tor retail-other cons~.~~~~era' goode, and 4 percent for indwstri.&l, co...rcial, aad !&I'll eqlli,pmeAt.

· 31,

'l'heae d.&ta on the ciUTOAt trenda of aales financing duing Auguat 1943 were baaed on re!roa 202 1ale1 finance ccmpau.iea, and the dollar volwaes shou.ld not. be &IIWII8d to repreMAt.
the total UIOW1t of t~ci.q b7 all aales finance c011pani.. in tbe United States.
The d.&ta . are
plbl.iabecl a• reported, without adjuatlllenta for seaaonal or price fluctuations. The tiguea preaented
in tablea 4 1 5, au.d 6 of thia releaae IU"e not COIIlparable to thoae publiahed for preYioua aoAtha,
~nthl7 reporta bATe not bean received each month fraa i~entical sale• finance companiea. All
1nciexea tor Aqu.at were obtained. b;r calcu.lati.ng the percent changea from July \o Auguat aa •hoD b7
d.&t& op reporta tor both aocth• from the aame aalea finance companiea, and b;r linking these peroeot.&CH to the inclexel preTioual,T deri~d for Jul,y 1943.
1-M&a:l
.

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L

..

Total
all

D&\e

a&l.ea
fiauoS..,

a.t.ail
auto.ot.i'"

11holeaal.e
at\0110to1Te

lholeaal.e
other

Iall...Wial,·

thllll

Bata1l
other
cCilaaaera•

aut.GMt.in

looGa

eqai~t.

c-~bl,

and.

tan

;

3]. •••••••

100

100

100

100

100

lOO

~Dec. 3]. •••••••

130

132

169

140

129

131

19;9 .....

1940

1941 • Dec.

3]. •••••••

152

149

175

250

148

147

191.2 - A'UC'•

)1 •••••••

84
75

67
59
51
44

97

103

85
74
52

89

134
124
110

40

76

61

1.07

34

60

91
81

24

.70
64
58

- ..pt.)D ••••.••
- ()rat. 31 •••••••
... loY. 3() •••••••
~ Dea. )! ••••• ~.

194'- Jaa. 31 •••••••

~7

48

ll
27

100

67

60

Peb •. 28 •••••••
- ~- 31 •••••••

u·

._, 31 ••••••.

30

.~

~ Ap~. )0 •••••..
~

- June 3() •••••••

-

~

31 •••••••

-Au,. )1 •••••••

t/

5:J

151
137
124
118
112

37
33
27
25
23

22
20
18

16
15
15

30
26

12

70

11

63
59
52

10
~

CJ6

64

83

"

52
49
46

52
47

44
40
.38

44

41
39

lociues &I of December 31 for tobe ,re&ra of 1939 1 1940, &Del 1941. are baaed Oil fi,ures reported b7
sales finance companies on ~ auppl.eaent.&r7 report tom wbicb ..co.panied the re,ular MDtblT report fora for J111u&1'7 1942. Succeeding i.Jldexea are deriTed bt c&lcalatiq tlle percent chana•• of
t.he outstoauding balances reported by aa1... finance c<~~paniea fer each 110nth frca thoae reportoed
b7 the .... eoapaaiea far tohe preceding 110oth, and b7 linkinl these percenhges to t;he indexes
for tba preceding IIOilth.

e

Table 2.-RelatiTe Iaportance of Loans K&de by Sales Finance eo.paniea, Aucust 1943
Vol._. of Paper Acquired Durin~ t!- Month and Oaltstaoding Balances at the End of the Month
Outstanding balances,
end of aonth

Paper acquired
durina 110ntoh
Clua of paper

of
total

1/••• .••••••

·~,965,656

100

T~ loan••••••••••••••••••••••••••••

J~.~JQ.Q~~

~

Total, all claaaea of paper

Slllll.· (peraonal) loaoa ••••••••••••••
lhla!Deea loan.• • •••••••••••••••• ·• ••••

4,901,70.3
30,928,353

1/•••••••••.••.•

2.3,135,600

To\&l sales t1o&ncins

Percent.
of

hrcant
Allawlt

8

Amount

total

$254,680,059

100

:Z:Z.fl~.9l.S

JQ

53

38,925,00.3
.38,699,912

.39

177,055.144

70
'

Bveaa of the C.naua

II IDOlucled

Current Statistical Senice

in this clusitication are onl,r thoae firu which, in &ddit.ion to their aal.ea finlllciat
operations, reported lou actbitoiea.

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15
1'

I

'

.. '"

1943

1942
Itu

•

I

•

l

•

•

.

•

J & ! ! ! :i

i

II'!AIL AtJ'l'SII)'l'ID

•

Ji ;

'l'ot.al AUa'ber ot oar1 ti.D&aoed. ••••• ·, , , , •• , , , • , • , • , ••• ,
'l'ot.'al. 'ftllUM of paper uquired. , • , , , , , , , , , , , , , , , , , , , ,

54 42 32 2'1 3) 18 21 33 36 35 34 33 ~4
52 41 32 25 19 17 21 35 40 39 38 36 39

. . . p&811Jtle• O&fl • •••••••••••••• Ha.'ber •••••••••••

50 40 23 14 10 9 11 .24 33 30 23 19 l8
54 45 26 16 11 11 13 30 39 36 28 23 22

I'

Paper acquired.,,.

o~ol&1

8
9

6
8

3

5 10 14 11 13
6 13 15 12 15

9 9
9 11

oar•••••••••••••••NUmber ••••••••••••

19 10
23 11

oara •••••••••••••• !Umber ••••••••••••

Paper acqUired, •••

55 43 .34 28 21 19 22 35 37 36 37 35 38
54 42 34 28 22 19 23 37 4l 40 42 41 44

U..d. 0-1'0111 O&l'lo, ,·,,,,,,,,,,Number,,,,, ••,,,,,
Paper acqu1red,,,,

39 34 28 22 17 20 24 24 35 33 •18 20 22

N..

Uae4

paaaeQ~er

Paper acquind, •••

4

4
5

34 28 21 16 12 13 15 15 22 21 10 13 13

l!lijii!AJI
AJI%t:flVI
Paper uqaired
'

'l'ot.al. 'ftllu. of paper, aoqu1,ed, • , • •••••••••••••••• • • ,
K• oare {paeeenrer ,\ ud.

o~ero.lal.) , • , , ••••••••••••

Ueed ~are (paeeeni.r and oomaero.lal.), ••••••••••••••

le

10 10
7

7

9

6

5

5

6

9

9

7

9 10

9

6

5

4

3

3

5

6

4

4

4

28 2'1 29 14 13 14 20 31 32 22 33 47 37

m:g:;J;ri:J:D
l',,;lWI~IfJ
Pape:r acqa.t.red
'l'ot.al. d.lnre.lt.lecl t.t.Aano.lJII .. ,, ..... , • , • , , •,,,, ••• ;, ,·,

I

'l'ot&l retail,· other ooniiUII&rl 1 ao.odl •.••• ,., •••• ,. •••

3

'"

42 40 46 39 45

23 20

23

24 29 3l 28 30

54 52 60 52 60 30 26 28 30 38 42 39 42
_42 1..7 J..O 1)1 1Q 11.. 1'5 27 11 ~~ 28 28
59 59 64 55 71 62 48
31 28 33 29 40 '16 22 35 ?-7 31 33 28 28

Pllrlli t.ure, rad.lee, p!,anoe, Ito, , Tot.al., ...........
,hrlliture •• •.•••·•· •••.• • ••••••• ~ •••••••••••••••••
Badio•, piano•, ot.h.r. ilu.e.t.oal. inet.ruaeat.e •••• , ,

4~

Retr.t.cerat.ore &,ot.her .,Oilllho1d a~.t.anoee, 'l'Qt.al.,
Retriprat.ore C1u and eleot.rio t .... ...........
Ot.her houeeho1d apPli~oee •••••••••••••••••••••

2 .. 21.. 17 n
9
8 ~2 ~8 22 26 H :u..
+9 23 15 11 7
l2 18 22 26 15 l4
37 36 28 23 21 14 l;

Rel.ldent.ial. 'buUd.lq, repair and ·IIOdern.t.zat.ion •• ~,

77 76 82 6.4 142 43 35 40 48 54 77 81 89

IU.acellaneoul retail ....•.... Ill • • • • • • • • • • • -• • • • • • • •

26
22

117 135 97 87 88 63 51 65

67 101 87 78 86

Tot.al. wholee&le, ~eot. ~aa~.t.?e,, •• , ••••••••••••••

11

Induet.rial., o011111ero.t.a1, ud tara equipMnt. •••••••••••

31 27 40 30 59 42 27 64 41 38 37 22 28

Bu.reau of t.lw Cenwe

II

9 10

6

3

2

3

3

5

5

3

2

2

Current St.at.iet.io&l Service

IDda:11 are deriYed b7 ' o&loulatinl t.he percent. ohanll• in the nWIIber ot care financed or the volu.u. ot
paper acquired b7 e&l.el finance coapanill during each 110nt.h trOll t.hl I1WI'ber ot care financed or t.he YOlWIII
of paper aoqa.t.nd b7 the ,.,. 00111pani11 duri.nc t.he preced1ftl mont.h, &Dd b7 link1111 tha11 percent.&&•• t.o
the indl:nl for the preoedinl 11011t.h, 'l'he indexee tor "'rot.&l r.et.&il aut.oaot.i ve," "Tot.al. whol11ale aut.o- ·
IIOtift'," ud "'l'ot.&l ret.&il, other coniiWilere' gooda" are ba11d on all tisure• report.ed tor t.ha11 it..- :re~&rdle•• of whet.her,or not. breakdown• oOilld be supplied.

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SALJI PlllliCJ OIHIPAIDI

'hobl.o 14.--AutuoUw aid DiYOI'Iitiod ftaaaoiat
Vol_. ot Papv A..S,red Dariq Avcu.ot. 1943 &ll4l Bll.uooo 01\t.ot.ucliq Aupot. 31, 194'
Vo1:!t!!
Cluo ot

f~!t.·~~rod

s, all

ptp~r

Ollt.ot.udirlc

B1 o•p&Di•o

Aucuot. 31,
1943 !I

wt.ot.aa~

$19,024,687
9,923,458
ll7,506
5,264,647
253,292

tl8,371,837
9,692,ll6
86,255
5,165,895
252,684

.ll3,984,822
82,705,339
554,613
75,036,187
6,012,904

16
16
7
4

$34,583,590

$33,568,787

$278,293,865

l2

report.iq

bal&DCOI

!ot&l

Ill••

tinanciaco •••••••••••••

lat.iopapu
aoquirocl t.o

out.ot.~~

OOIIpaaill

fot,&l. ret&11 automot1Ye •••••••••••••••••••••
fot.&l who1oo&lo oat.o.oti••••••••••••••••••••
f.W.1 wbol.oo&lo - otbor tbaa oat.o.ot.in .....
fot.a1 retail - other con~UMro' aoodo •• , • , •••
Iadut.rill. 1 oo-.oroi&l 1 ancl tara oquipMnt. ...

bal&llOII

•

baluooo 1t

l2

II Data are 'baaod on tiproo

t r . 8al.ea tiiWI.ce coapanioo able t.o report. both their paper acquired and t.hoizo
eut.otudine bal&Doeo.
W lat.ioo o'btainod by diYiding paper acquired (col\Wl 2) b7 outotandina b&lanceo (~olulln 3).

!fuaber ot Caro

fable 5,--AUtOIIOtiYO Finanoilll
and Voluao .~.Paper 1oquiro4 Duriq

~cod

Clue Gt paper
I

Total retail aQtomotiTe •••••••••••••••••••••

HUIIIber ot oaro
Pll'Cent
ot
Hualbor

tOtil

~

!QQ.

Nn paa"nc•r car a •••••••••••••••••••••••••
H.. coamercial cars •••••••••••••••••• ~·····
Uaed paasenser cars •••••••••••••••••••••••
Uaed com.ercial cars ••••••••••••••••••••••

2,193
172
36,163
792

6

aute.oti~•·•••••••••••••••••

ll,686

Hew cara (~asenger and oommarcial) ••••••••
Used caro paaeenger and comaercial),,,,,,,

3,858
7,828

retal whole•al•

A~~pot.

1943

Paper aoauirod
Percent·
Dollar
of
YOlWIII
total

.

IJ.i. z~~. :zga· •Af ·

~

1,986,811
215,223
16,075,672
485,022

'i/

92

2

11
1
86
2

-.s.ao1. 720 AI

!22.

!22.
42

3,727,383
5,074,337

33
67

58

II Data are based on reports traa s&l•• finance caapaniea

'i/

prorldina a breakdown of their retail md who1oa&le
automoti'f'e financing, 'l'heee uaounte are 1••• thm those reported in table 4 due to the exclusion ot ICIH
data tor which breakdowns were not a'f'ailable,
Less than 0.5 percent.

fable 6.-Diwraitied P'inencinc
Volua. of Paper Acquired Durinc Aucuat 1943
Claaa ot paper
Retail- other con~UMre' goodot
~rniture, radios, pianoa, and other 1111eical inot!'U.Mnta ..
Betrigeratora and other honaohold applianceo •••••••••••••
Residential building repair and aoderniaation •••••••••••••
lliecellaneoua retail ••••••••••••••••••••••••••••••••••••••

total retail- other consuaer•' 1004•••••••••••••••••••••••

fot.al wholooale- other than autoaoti.e •••••••••••••••••••••
Indultrial., c.-ercial, aD1 tara equi~t. •••••••••••• • ••• ,
fetal di••roitied tlaanoing •• , ••••••••••••••••••••

Dollar 'f'OlUile

$853,095
207,0ll
2,660,534
1,479,520
i5,200,16o
ll7,506

Percut.
of
tnta1
15
4
48
26

II

93
2

25'·692

..l

.5,570,958

100

Bureau .ot the Cenoua

II

Data are baaed on reports tr<a aalu tin&DCe c.puieo prorlcliDc a ltreakclown of their retail tinaneilll of
other oon-re' pda. 'l'hia aaount io 1•• than that. roport.o4 1a table 4 due t.o tho uoluo~OII. of 10111
4ta tor which breakdown• were not &Yailable.
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