Santander Consumer USA Archives

Fed unveils dramatic measures to ease market strain from virus

In the past few weeks, six auto lenders have jump-started the securitization market after a nearly one-month hiatus. CarMax Auto ...

Santander ramps up reserves by $2.5B

byNicole Casperson and Joey Pizzolato

May 1, 2020

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Santander Consumer USA has increased its allowance for credit losses by $2.5 billion due to Day 1 CECL impacts and ...

Subprime stocks drop $7B in market cap since March

byMarcie Belles

April 15, 2020

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The auto finance sector has been pressured from all sides since COVID-19 took root in the U.S. With vehicle production ...

Losses on Track to Improve in Santander’s Latest Securitization

COVID-19 strains Santander’s target Chrysler Capital goals

byNicole Casperson and Joey Pizzolato

April 16, 2020

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The coronavirus pandemic could put strain on Santander Consumer USA’s financing alliance with Fiat Chrysler Automobiles, according to filings with ...

Fed cuts rates half point in emergency move amid spreading virus

TALF-backed auto ABS deals unlikely until Q3

byNicole Casperson and Joey Pizzolato

April 10, 2020

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The auto industry might not see its first securitization backed by the Federal Reserve’s term asset-backed loan facility (TALF) until ...

Santander Reduces Loss Rate While Growing Originations in 1Q

Santander’s liquidity to prop up lender through pandemic

byNicole Casperson and Joey Pizzolato

April 13, 2020

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Santander Consumer USA’s total funding and liquidity is likely to sustain the subprime lender through the COVID-19 economic crisis. SCUSA ...

Santander Leans on Chrysler Volume to Offset Runoff

Santander and Vroom ink multiyear deal

byNicole Casperson

September 30, 2020

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Santander Consumer USA has expanded its online financing via a freshly inked multiyear agreement with Vroom, the companies announced today. The partnership ...