Santander Consumer USA originations hit $31.3 billion for year end 2019, bolstered by the subprime lender’s highest ever annual Chrysler Capital penetration rate, according to the company’s fourth-quarter earnings call. Chrysler Capital’s penetration rate shot up to 32%, with originations totaling $12.8 billion. In 2018, the penetration rate was 30%, an increase from 21% in […]
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