Consumer credit: a success that was confirmed in April

The French Association of Financial Companies, the ASF, publishes monthly statistics on consumer credit. The barometer for the month of April 2018 shows a clearly upward trend in production, whether for car credit, personal loans, or the financing of household goods.

Consumer credit production up

Consumer credit production up

ASF statistics for April 2018, collected from 280 specialist companies, show that consumer credit production in France posted an overall increase of 11.6% compared to April 2017. This increase reached in parallel + 6.1% on average over the previous three months. Finally, over one year, it corresponds to 4.3%, if we take into account the cumulative production of credit over 12 months, between April 2017 and April 2018.

Good progress for earmarked funding

Good progress for earmarked funding

According to the French Association of Financial Companies, it is the allocated credits which particularly increased in April. On the one hand, the consumer credits granted for the purchase of household goods (furniture, household appliances, etc.), which grew on average by + 9.7% compared to the figures for April 2017.

On the other hand, the production of auto credit. Financing of used cars, for example, jumped 21.9% in April, notably thanks to intense LOA (rental with option to purchase) operations. Regarding the financing of new cars, the average growth of the car loan reached 11.9% over the period from the end of January to the end of April 2018, and 14.5% better in April 2018 compared to April 2017.

What about personal loans?

What about personal loans?

For its part, the production of personal loans, which includes debt repurchases in this monthly survey, also continues to grow. According to the ASF barometer, its increase is significant, with personal loan recording 14% growth between April 2018 and April 2017, and 6.3% better on average in the first quarter of 2018. As for revolving loans, they experienced an increase of 3.2% in April after two months of decline, while remaining down 0.7% on average over the last three months.

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