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State of play of consumer loans at the end of the first half of 2019

consumer loans

The decline in the production of consumer loans in the month of June marked the spirits. However, there is a slight increase in the second quarter as well as over the first six months of 2019. The point.

Changes in consumer loan volumes in June 2019

Overall, financial institutions produced few consumer loans in June, thus posting a sharp drop in volume (-7.4%) according to the statistics published by the French Association of Financial Companies. (ASF). If we compare the month of June 2019 to the month of June 2018, we see a decrease of approximately US $ 300 million.

The evolution of conventional loans over this month is -7%. Rentals with option to buy also saw an overall decrease with -9%. It seems that there has been a lack of interest in new cars whose financing has declined considerably (-14.3%), as used cars gain space although there is a decline of a million of US dollars. It was above all the LOA of used cars, with its + 26.3%, which boosted the figures for automobile financing . As regards the credits allocated to the purchase of two-wheelers and boats, it is negative (-11.8%). The volume of personal loans also decreased (-13.1%), that of revolving loans also (-0.5%). It is believed that consumers have instead turned to mortgage credit and credit dedicated to home equipment (+ 9.7%) in June 2019.

The figures for the first six months of 2019

A slight increase in aggregate production of consumer loans has been mentioned above. This is not the case for unallocated loans (-4.6% continuously over 6 months). Distributed by quarter, we were able to record -5.4% decrease in unallocated credits in the first quarter and -3.9% in the second. With regard to permanent credit, it posted a decline of -2.5% in the first quarter to recover at + 1% in the second. Finally, the permanent credit shows an evolution of -0.8% over the first half of 2019.

If we come back to new auto credit, we recorded -0.7% over the first six months of 2019, but this is little compared to the icy wind that swept through classic auto credit in the second quarter (-6.7 %) which has already suffered from a decline (-2.3%) in the first quarter.

In summary, it was the financing loans for second-hand vehicles that broke the record for volumes (+ 11.1%) throughout the first half of 2019, but again, it is lower compared to the LOA of second-hand cars. opportunity (+ 44.7%) whose figures exceed 300 million US dollars. Work loans and loans dedicated to household equipment also improved, crossing the threshold of 1.5 billion US dollars with an increase in production of + 15.5%.

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