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Home » Depressed Chrysler Capital originations drive down SCUSA volume

Depressed Chrysler Capital originations drive down SCUSA volume

SCUSA posts low net charge-offs following Q2 recoveries

Whitney McDonaldbyWhitney McDonald
November 3, 2021
in Earnings
Reading Time: 2 mins read
0
Santander Reduces Loss Rate While Growing Originations in 1Q

Photo by Mike Mozart via Creative Commons

Santander Consumer USA’s auto originations fell in the third quarter, driven in part by a decrease in Chrysler Capital originations. SCUSA posted a 7% year-over-year decrease in auto originations to $7.8 billion, according to the company’s earnings release. Chrysler Capital originations fell 27% YoY to $2.8 billion. Outstanding loans and leases for the quarter came […]

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