Santander Consumer USA logs Q1 origination growth, low NCOs

SCUSA originations increased 24% YoY

Photo by Mike Mozart via Creative Commons

Santander Consumer USA’s first quarter of 2021 was marked by origination growth, strong credit performance and improving recovery rates, in line with Q1 performance across much of the auto finance industry. Auto originations clocked in at $8.6 billion, an increase of 16% from last quarter and 24% YoY, driven by a 40% year-over-year increase in […]

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