Credit as a Production-Smoothing Device
The Case of Automobiles, 1913-1938
Bibliographic Data
| ID | 5083149 |
|---|---|
| Authors | Martha L Olney (University of Massachusetts Amherst, corresponding author) |
| Year | 1989 |
| Volume | 49 |
| Issue | 2 |
| Pages | 377-391 |
| Publication date | 1989-06-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic History (JOURNAL) |
| Journal identifiers | ISSN: 0022-0507 • E-ISSN: 1471-6372 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0022050700008007 |
| OpenAlex | W2118447804 |
| Language | EN |
| Citations received | 10 |
| References cited | 7 |
Credit financing of automobile sales and dealer inventories was provided primarily by hundreds of sales finance companies in the interwar United States. The few finance companies tied to auto manufacturers wrote 90 percent of credit business. Manufacturers initially established finance companies not to bolster retail sales but to finance dealers' wholesale inventory so manufacturers could lower average costs by smoothing seasonal production patterns. Moreover, until the Justice Department intervened, manufacturers apparently illegally coerced franchised dealers into using the manufacturer's preferred finance company rather than an independent
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| Unique citing works | 10 |
|---|---|
| Citations per year | 0,28 |
| Citation span | 1990 - 2025 (36) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 8 |