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Santander Sees More Non-Prime Finance from Chrysler

Santander Sees More Non-Prime Finance from Chrysler Featured

Santander Consumer USA Holdings Inc. announced net income for the second quarter of $265 million.
Total auto originations rose 1 percent to $5.5 billion.
Core retail auto loan originations rose 36 percent to $2.3 billion.
Chrysler Capital nonprime loan originations rose 11 percent to $948 million. Chrysler Capital prime loan originations were down 30 percent to $854 million.
Provision for credit losses increased to $521 million in the second quarter, from $512 million a year earlier.

Last modified on Thursday, 10 August 2017 18:09