Easy money conditions this year have undoubtedly proved a stimulant to the automobile business, now concluding a very generally successful and prosperous season.
Funds have been available to finance the purchase of cars, not only by dealers from makers, but by owners from the dealers. Though this latter type of financing is sometimes unsoundly handled, statistics on 50 leading auto-financing companies indicate that, even during the unsettled year of 1924, only 1/5 of 1% of such financing resulted in loss to the lenders—a high ranking even among ordinary commercial "receivables."
About 90%...
To continue reading:
or
Log-In
