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Santander posts 34% YoY increase in auto originations, positive recovery on NCOs

SCUSA’s special committee is reviewing Santander Holdings’ acquisition proposal

Whitney McDonald

Santander Consumer USA experienced recovery on net charge-offs accompanied by growth in auto origination volume, on trend with other lenders’ second quarter performances. The Dallas-based lender posted a 34% year-over-year increase in auto originations to $10.5 billion, according to the company’s earnings release. Growth in SCUSA’s portfolio offset a dip in Chrysler Capital originations, which […]

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