The French Association of Financial Societies is releasing its statistics which give an overview of the volume of consumer loans just on the eve of the November 2018 movement initiated by the yellow vests. We can say that the banking product is very popular with consumers.

Evolution of consumer credit until October 2018

Evolution of consumer credit until October 2018

From October 2017 to October 2018, the production of consumer credit increased significantly by 9.2%. The volume crossed the threshold of 4 billion USD only last October. If we add volumes from January to October 2018, we see an increase of 6.3%. Regarding the revolving loan, still on the month of October, the increase is 3.6%, which earned him 0.4% last year. Personal loans have not failed to climb the slope of consumer lending with their + 6.7%, still last October, which is however lower than the increase in the volume of loans allocated in the same month (+ 10.7%).

The boost of auto financing

The boost of auto financing

Auto financing in the first ten months of 2018 totaled $ 11 billion, about 33% of total production. The evolution of volume on this side is very significant, 11.4% to finance the purchase of new vehicles and 14.1% for the purchase of used vehicles, still between January and October 2018. Loans affected the acquisition of other types of means of transport such as two-wheelers or ships have also contributed to the improvement of the volume of consumer credit. They represent a production increase of only 21.3% in October 2018 and approximately 850 million from January to October.

Special mention for lease with option to purchase

Special mention for lease with option to purchase

The LOA has made a lot of contribution. It observed a rise of 20% in October 2018. This mode of car purchase was practiced by many consumers from January to October, especially to acquire a second-hand car. The related figures are represented by an increase of 44%. It should be noted that approximately 10% of lease-purchase transactions are for used vehicles. What about new cars bought by lease with option to buy? – They win three times more than auto credit!